While the core commercial real estate sectors including industrial and multifamily have garnered the attention of many investors, smaller asset types, such as, cell phone towers have flown under the radar screen despite logging a solid track record in their… Read More
Net lease cap rates began rebounding from all-time lows in the third quarter, with average cap rates ticking up five basis points to 5.44%, according to NNNetAdvisors. Cap rates for the sector are still at their lowest point in 12… Read More
Net lease REITs are often called “bond proxies” because of long lease terms at contractually fixed rent rates that are similar to bonds’ fixed coupons. If net lease REITs are bond proxies, why are they outperforming the broader real estate… Read More
Earlier this month, Wawa Inc. announced that it planned to expand its footprint of convenience stores into southern and coastal Georgia—a move that surprised no one. The Pennsylvania-based company, which owns and operates a chain of more than 965 c-stores… Read More
On a spring morning in 2020, Lee Engler sat down for breakfast. The sting of the pandemic’s early rush had turned operators into survival gurus. But now, the future was back on the drawing board. Across the table from Engler,… Read More
Jack in the Box unveiled its new off-premise-only prototype in Tulsa, Oklahoma, this week after announcing plans for the model more than a year ago. The building is 1,350 square feet and features two drive-thru lanes that merge toward one… Read More
It’s been a long, strange trip since the earlier part of 2022, according to new survey research out from Lightbox. From a relatively rosy outlook on the markets months ago, things have taken a turn in keeping with changing clocks… Read More
There’s an interesting misconception in CRE, even among those practiced in it, though likely not before the global financial crisis. It’s this: the Federal Reserve raises interest rates and financing for commercial real estate immediately feels the impact. And that… Read More
In 1970, Dave Thomas introduced what’s generally labeled the first modern drive-thru, a feature the Wendy’s luminary coined the “Pick-Up Window.” It was so revolutionary guests needed instructions on how to talk through the speaker to place an order. In… Read More
Restaurant Brands International CEO Jose Cil foreshadowed in early August that Burger King was preparing to announce a significant turnaround strategy. He delivered on his promise, to the tune of $400 million. The so-called “Reclaim the Flame” plan, shared at… Read More