In the debate about the long-term viability of brick-and-mortar retail, it appears that those who wrote off physical stores based on 2020’s pandemic-driven wave of bankruptcies and store closings may have spoken too soon. Citing data from Coresight Research, CNBC reported that planned store openings … [Read more...] about 3.15.21: RETAIL STORE OPENINGS ARE PROJECTED TO OUTNUMBER CLOSINGS IN 2021
ValueXpress has arranged a $5,000,000 commercial real estate loan through its relationship with a New York City-based community bank. The property is a 1-story, 12,300-square-foot retail property located at 118 Knickerbocker Avenue in the East Williamsburg neighborhood of Brooklyn, New York. The … [Read more...] about VALUEXPRESS ARRANGES $5,000,000 COMMERCIAL LOAN FOR THE REFINANCE OF A 12,300-SQUARE-FOOT RETAIL BUILDING IN BROOKLYN, NY
ValueXpress has arranged a $6-million first mortgage CMBS conduit loan for the refinance of two adjacent retail buildings located in Henderson, Nevada. Henderson is a rapidly growing suburb of Las Vegas that is located approximately 10 miles southeast of the city. The purpose of the loan was to … [Read more...] about VALUEXPRESS SECURES A $6-MILLION CMBS CONDUIT LOAN FOR A RETAIL CENTER LOCATED IN HENDERSON (LAS VEGAS), NV
In a recent interview, Kimco Realty President and CIO Ross Cooper discussed retail trends and strategies amid the pandemic and highlighted the potential for shopping centers in 2021. Ross notes that the retail store is the most cost-effective distribution model when coupled with curbside and … [Read more...] about 11.9.20: KIMCO’S ROSS COOPER PROVIDES RETAIL INSIGHTS
Simon Property Group, the biggest mall owner in the United States, has reportedly been in talks with Amazon to turn some of the vacant anchor stores in its properties into fulfillment centers for the e-commerce behemoth, The Wall Street Journal reported over the weekend. The move makes perfect sense … [Read more...] about 8.6.20: WILL IT WORK TO CONVERT RETAIL SPACE TO INDUSTRIAL SPACE?
ValueXpress has arranged a $3.9-million CMBS conduit loan for the refinance of 3 retail centers located in Jackson, Mississippi. The transaction provided over $1 million of cash-out loan proceeds to the sponsor that will be used for additional real estate investments. The transaction also refinanced … [Read more...] about VALUEXPRESS ARRANGES $3,900,000 CMBS CONDUIT LOAN FOR THE REFINANCE OF A PORTFOLIO OF NEIGHBORHOOD RETAIL CENTERS LOCATED IN JACKSON, MS
ValueXpress has arranged a $3,850,000 CMBS conduit loan for the purchase of a 28,330-square-foot neighborhood retail center located at 7785-7795 Davis Blvd in Naples, Florida. The loan was structured with a 10-year fixed-rate loan term and a 30-year amortization schedule. The property is anchored by … [Read more...] about VALUEXPRESS ARRANGES $3,850,000 CBMS CONDUIT LOAN FOR THE PURCHASE OF 28,330-SQUARE-FOOT NEIGHBORHOOD RETAIL CENTER IN NAPLES, FL
Electronic Message Centers (EMCs) is the latest advertising tool for landlords to expose tenants to customers. Simply known as digital signage, landlords are replacing static pylon signs in many markets with EMCs. In addition, an EMC can be an income producer for landlords who charge a modest … [Read more...] about 1.8.20: DIGITAL SIGNAGE A WIN-WIN FOR RETAIL LANDLORDS
ValueXpress obtained a $1,775,000 CMBS conduit loan for a prominent developer in Buffalo, New York that provided approximately $375,000 in cash-out proceeds to provide equity for additional real estate projects. The loan is secured by 4 commercial retail buildings leased to 18 tenants. The property, … [Read more...] about ValueXpress Obtains $1,775,000 CMBS Conduit Loan for the Refinance of a 33,100-Square-Foot Neighborhood Retail Center Located in Kenmore (Buffalo), NY
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?