Browse Author: Wayne Grohl

Retail Store Closures Pick Up Speed, Says Report

chart showing fung global numbers of retail store closures in 2017

The preeminent trend in the national retail sector is a wave of bad news coming in harder and faster than before. Store closures, according to a recent report by the Fung Global Retail and Technology Tracker, have seen an eye-popping 218% increase over the previous year.

The Fung Global Retail & Technology Tracker watches store openings and closures “for a select group of retailers.” The most recent report cited losses

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Amazon’s Acquisition Of Whole Foods Has A Rival: Walmart

Photo of Whole Foods store

Is it time to put a halt on the recent wave of think pieces all across the web concerning the recent announcement that Amazon will acquire upscale grocer Whole Foods? Two research analysts at JPMorgan have identified a potential rival bidder: Walmart.

The potential bidding war comes with the stock price of the grocery chain edging higher than Amazon’s offer of $42 per share. The following CNBC video spells out the details that might arise with a competition for the 431-location, 91,000-employee grocery brand. Click below to view:

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Walgreens Rite Aid Purchase Hits Antitrust Snag

English: Walgreens in Little Egg Harbor, New J...

With 13,200 stores in 11 countries including over 8,100 in the USA, Walgreens Boots Alliance, home to the venerable Walgreens drugstore brand, made big news in October 2015 when it announced its intention to acquire national drug chain Rite Aid. Rite Aid’s 4,600 stores across the US would join Walgreens in a mega-deal — pending approval by the Federal Trade Commission.

However, recent developments suggest the FTC is not happy with the idea.  By the time the dust settles, Walgreens could be compelled to kill the deal or move over 1,000 stores to the sales block in order to get the deal done

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Chain Pain: Touring The Disruptions In Casual Dining

Buffalo Wild Wings & Weck logo

Sally Smith, CEO of Buffalo Wild Wings (1,235 locations) has some words of dire caution for the casual dining industry. In a fight with activist investors over the direction of the company she leads, Smith attributed the company’s recent ills to sea changes in how younger customers — millennials — approach eating out.

“Casual dining restaurants face a uniquely challenging market today,” wrote Smith in a letter to shareholders. Citing observed habits among millennials including eating faster, ordering delivery and cooking at home, Smith even went so far as to cite a national downturn in television sports viewing, a trend that’s been on the sports industry’s radar for months and that undercuts a big force attracting diners to chains such as Smith’s.

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Five Googie Architecture Properties (And Nearby Available Listings) In Los Angeles

The mid-century commercial architecture style called Googie was named for the 1949 Los Angeles coffee shop bearing the same name.  Originated by Frank Lloyd Wright assistant John Lautner, the Googie style is iconic for its ultra-modern, space-age look.  The commercial construction craze for cantilevered roofs and eccentric curves took off nationally from coffee shop roots on the L.A. corner of Crescent Heights and Sunset, spreading an aesthetic reflecting two huge phenomena of the 1950s: the automobile and the service industry that grew along with it.

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Telecommuting Turnaround: IBM Changes Its Tune On Remote Working

Home office

Telecommuting or remote working enabled by technology and online access has long been a commercial real estate market worry. The phenomenon of employees skipping on commutes and avoiding distant offices has raised fears of a softening national demand of office space since at least 1996. As reported by Global Workplace Analytics, regular remote working at home among the non-self-employed population has grown by 103% since 2005.

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Abandoned Construction: A Leading Indicator For Economic Change?

4th lock on the canal, abandoned in constructi...

The commercial real estate data ecosystem is an exciting place where study of routine market phenomena promises to expose new knowledge and improve our perception of market trends. When it comes to routine phenomena in the CRE industry, construction permitting and construction abandonment are great examples. Abandoned construction can follow permit issuance, even though issuing a permit reflects a milestone in a commercial property development where forward-looking diligence, commitment and optimism on the part of the underwriters, the developer and local government are all at high enough volume to actually break ground on a project.  What can the data on construction permitting and abandoned construction show us about that area?

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Marijuana Real Estate: The Business Impact Of Legalization

English: Discount Medical Marijuana cannabis s...

Today’s guest post is by Steve Golin, SVP, Strategic Accounts at Xceligent.

The 2016 election season bought another crop of nine states joining Colorado, Washington, Oregon, Alaska and Washington DC in approving recreational and medicinal marijuana sales at the retail level. While the growth and occupancy of storefront retail establishments is the most conspicuous sign of a burgeoning industry, the behind-the-scenes marijuana real estate uses of cultivation, manufacture and processing have proven to be the most impactful on the supply of industrial real estate in markets where cannabis has been legalized.

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Browse Properties Near The New Las Vegas Raiders Stadium Site

A screenshot showing CommercialSearch.com's listed commercial properties surrounding the site of the proposed Las Vegas Raiders stadium site
Quickly search a walkable zone around the new Las Vegas Raiders stadium site.

The Las Vegas Raiders stadium land deal has crossed a major milestone. On May 2, 2017, the Associated Press was the first to report the activation of a sale deed for a 60+acre site near the Strip in Las Vegas for the construction of a stadium to house the NFL franchise Oakland Raiders when the team completes its move to Las Vegas in 2020.

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