While the so-called “retail apocalypse” is undeniably wreaking havoc in the shopping industry, not all physical retailers are floundering. Some retailers have big expansions in the works. Most of the retailers that are expanding are discounters, including dollar stores and chains full of random … [Read more...] about 8.1.19: Enough About Closures, Who Is Opening New Retail Stores?
Citing opposition from some political leaders, Amazon has withdrawn its plans to bring its second headquarters to Long Island City, Queens. Investors who made real estate commitments based on the anticipation of Amazon’s investment in Queens are in for a big disappointment. One disappointed … [Read more...] about 2.6.19: Amazon Changes Course – So What About One Court Square?
ValueXpress recently closed a $17-million hotel portfolio secured by three hotels located in metropolitan New Orleans, LA. The sponsor was facing a $66,000 penalty if the transaction did not close by April 18. Here is what he had to say: “Mike and Jim: I'm sure you know already, but we made the … [Read more...] about 4.19.13: This Is What It’s All About
After spreads widened on a recent UBS-Barclays CMBS transaction that priced on April 11, commercial MBS buyers snatched up three multi-borrower offerings totaling $3.4 billion this week, pushing spreads tighter with the pricing of each transaction, according to Commercial Mortgage Alert. Long-term … [Read more...] about 4.16.13: CMBS Spreads Do an About Face