The National Retail Federation today issued its annual forecast, anticipating that retail sales will grow between 6.5 percent and 8.2 percent to more than $4.33 trillion in 2021 as more individuals get vaccinated and the economy reopens. “Despite the continuing health and economic challenges COVID-19 presents, we are very optimistic that healthy… Read More
CIRE Weekly
Private Equity has $300B for Pandemic-Hit Real Estate
The potential rewards for private equity firms are underpinned by the growing allocations to real estate among pension funds and insurance companies. Real-estate bosses at Blackstone Group Inc. quietly smiled when Britain’s biggest-selling tabloid unwittingly endorsed their largest European real… Read More
What the Permitted Use Clause Means Under COVID-19
When the COVID-19 pandemic arrived, everyone had an immediate, visceral reaction to review their force majeure clauses. Shortly thereafter, articles touting the implications of contractual force majeure clauses quickly flooded legal publications nationwide. Seemingly, it was worthwhile to review this provision… Read More
Is Retail (Malls, too) Primed for a Comeback?
Simon Property Group CEO David Simon predicted a “major comeback” for suburban retail coming out of the pandemic on his company’s fourth-quarter conference call last week. “With all of the urbanization that was predicted two or three years ago, the… Read More
Viewpoint: Tax Planning for a Pandemic
To describe 2020 as a challenging year for the restaurant industry would be an understatement. With indoor dining shut down or severely restricted across the country, many unforeseen expenses were incurred to quickly create or expand outdoor seating, takeout and… Read More
Jack in the Box Gears Up for Major Growth
Jack in the Box CEO Darrin Harris firmly believes the chain can’t succeed unless franchisees succeed. He likes to think of the relationship as a race. Historically, JIB has passed the baton to franchisees at the fourth leg and asked… Read More
Aldi’s Investments Help Competition & Growth
Aldi is one of the few retailers who still has an ambitious slate of store openings planned for this year. The discount grocer announced last week that it plans to open 100 more stores in the U.S this year. While… Read More
Tractor Supply Company’s New Acquisition
BRENTWOOD, Tenn.–(BUSINESS WIRE)– Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, today announced that it has entered into an agreement to acquire Orscheln Farm and Home in an all-cash transaction for approximately $297 million,… Read More
SLB Transactions Poised to Play Larger Role
Three years ago, J.C. Penney Co. was in dire straits. To raise cash, the 118-year-old department store chain opted to sell its three-story headquarters in Plano, Texas, spanning 1.8 million square feet. Silos Opportunity Partners LP paid $353 million for… Read More
Growth by Investing in Top-Tier NNN Assets
“Our mission is to be a partner to the best retailers in the world, and it would be an understatement to say that COVID-19 has produced a trying time,” Agree says. The pandemic has created a “massive disruption” that the… Read More