In a Q&A with NREI, Andrew Graiser, co-president of A&G Realty Partners, offers his insight on what the retail transformation looks like and which types of properties might be most likely to come on-line this year.
The moves show how the world’s largest retailer is trying to embrace mobile shopping while maintaining the in-store customer traffic that remains its lifeblood.
After years of double-digit increases in rents, high street retail landlords are in the second year of double-digit declines.
Bal Harbour Shops looks like a posh resort compared with the 1,100 or so indoor malls sprinkled throughout America’s suburbs.
“Landlords have known this was coming for 10 years,” says Scott Holmes, a senior vice president and national director of the national retail group at brokerage firm Marcus & Millichap.
Ingvar Kamprad’s heirs will have a more meager fortune derived from family-owned Ikano Group, a collection of finance, real estate, manufacturing and retail businesses.
The challenges in the retail sector are structural rather than related to consumer spending, according to a recent Cushman & Wakefield webinar.
Cap rates for properties occupied by high-quality tenants, such as 7-Eleven, have achieved cap rates between high 4 percent and low 5 percent in the fourth quarter of 2017.
Nine West would seek Chapter 11 court protection with a restructuring plan agreed upon in advance by its creditors.