Early into Darin Harris’ tenure as Jack in the Box CEO, unit development appears to be high on the priority list, which makes sense given his background. Before joining the California-based brand, he worked as VP of franchise and corporate… Read More
Purchasing Distressed Real Estate Debt
Real estate assets across the United States have suffered the adverse effects of the COVID-19 pandemic and the resulting shutdowns of businesses. This unfortunate circumstance will present opportunities to purchase the debt encumbering these properties, whether as a way of… Read More
Retail Rent Collections Increased in July
Retail rent collections increased in July compared to earlier months during the pandemic. According to data from Datex Property Solutions, retail rent collections were 68.8% in mid-July, a 14.7% increase compared to mid-June and a 36.6% increase compared to mid-May…. Read More
CRE Investors Still Taking a “Wait-and-See” Approach
Second quarter transaction volumes for commercial property remain severely depressed and changes in pricing are moving slower than expected, according to new data by CoStar Group, a leading commercial real estate analytics company. Early impacts from the coronavirus pandemic saw… Read More
7-Eleven to Buy Speedway Gas Stations/C-Stores
ENON, Ohio — After months of on-again, off-again talks, Marathon Petroleum Corp. (MPC) agreed to sell its retail arm to 7-Eleven Inc. The $21-billion, all-cash acquisition agreement for Speedway LLC is expected to close in the first quarter of 2021…. Read More
Proposition 15 (CA) Impact on CRE
It has officially arrived—the final language on the split-roll tax ballot measure that has been expected and dreaded among California property owners. Prop 15, as it has been called, would remove the property tax limitation protections promised by Prop 13… Read More
CRE Markets Weaken in Q2 2020
Commercial real estate markets weakened in the second quarter as the COVID-19 pandemic, social distancing, and temporary closures impacted all major property sectors. Demand weakened even as construction projects initiated well ahead of the pandemic continued to be delivered to… Read More
Credit Unions are Attractive for CRE Loans
Credit unions that have been working to grow market share in the commercial real estate lending space in recent years are taking advantage of open runway as other capital sources have pulled back in recent months. In fact, these institutions… Read More
The QSR 50 (2020)
It’s a little tricky to review the health of the limited-service restaurant industry based on 2019 sales results. No matter how restaurant companies performed last year, the coronavirus pandemic has upended marketing plans, expansion trajectories, and brand momentum, leveling the… Read More
COVID-19 Pandemic is Rewriting the Rules of Retail
Retailers need to stop expecting business to return to “normal.” There’s no going back to how it was anytime soon. Even before the Covid-19 pandemic and economic crisis, brick-and-mortar retailers had been fighting a fierce battle against Amazon and other… Read More