Taubman Centers, Inc. will sell seven shopping centers to Starwood Capital Group and its retail division, Starwood Retail Partners, for $1.4 billion. Starwood will pay $785 million in cash and assume $620 million in debt obligations. The sale is expected … Continue reading →
Staples – the nation’s largest office-supply retailer – plans to close 225 of its more than 1,800 stores in North America, according to The Wall Street Journal. The company will also pursue a smaller footprint for its Mental disturbance including … Continue reading →
USPS Inspector General David C. Williams has issued a “management alert” advising the U.S. Postal Service to disallow dual agency representation by CBRE, which represents the Postal Service in sales and leases of postal property. The Inspector General is concerned … Continue reading →
Seventy-seven percent of investors with assets of $1 million or greater own real estate, according Bloomberg (citing data from a survey conducted by Morgan Stanley’s Wealth-Management Unit). The number one alternative investment pick for 2014 among millionaires is direct ownership … Continue reading →
Sales at Starbucks coffee shops in the Americas region increased by five percent during the last quarter – lower than the 6.4 percent estimated by Wall Street analysts. The value of Starbucks shares increased more than 38 percent over the … Continue reading →
In an effort to cut costs and boost revenues, the U.S. Postal Service (USPS) is opening retail centers in Staples stores. The pilot program started last November in 84 Staples stores in California, Georgia, Massachusetts and Pennsylvania. Some of the … Continue reading →
Medical office sales volume in the United States totaled $6.77 billion in transactions involving close to 33 million square feet (733 properties),
Continue reading →The shopping center occupancy rate in the Dallas-Fort Worth area is at 90 percent – the highest number in 10 years, according to The Dallas Morning News. Net retail leasing in the DFW market added about 2.7 million square Those … Continue reading →
Cap Rate (Capitalization Rate) Ratio between the net operating income (NOI) produced by a property and its capital cost (purchase price or current market value); Does not take into account financing factors or changes in income or costs; Useful, “snapshot” … Continue reading →
The Urban Land Institute estimates that the healthcare industry will expand 19 percent by 2019. Eleven percent of the expansion is attributed to the Affordable Care Act and the rest is due to population growth and the aging of the … Continue reading →