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Macy’s Inc. Exploring Ways to Bolster Finances

CRE Worldwide Posted on April 11, 2020 by Ramin SeddiqApril 11, 2020

Macy’s Inc. has retained investment bank Lazard and debt restructuring lawyers at Kirkland & Ellis LLP to explore options for bolstering its finances and managing its liabilities, according to CNBC. The company, which comprises three retail brands (Macy’s, Bloomingdale’s and Bluemercury), has responded to the COVID-19 pandemic by suspending its quarterly dividend, drawing down its credit line, deferring spending, closing all of its 775 locations, reducing pay at most management levels and furloughing the majority of its roughly 123,000 employees. Remember, the focus is sample viagra building and maintaining relationships. It is the best treatment, which you can get at the clinic of a sex spe viagra buy usat. generika cialis 20mg http://www.midwayfire.com/?product=5745 Damiana is an herb that is also useful for the treatment of pulmonary arterial hypertension. Some of the best working medicine has been chosen for that generic levitra online http://www.midwayfire.com/documents/RESOLUTION%20NO%2008-01.pdf and the generic form of the medicine makes the medicine cheaper. Macy’s Inc. has $3.6 billion in long-term debt and around $7 billion in store lease obligations, according to the report.

Posted in US CRE | Tagged Economy, Leasing, Retail

Pier 1 Battles Both Retail and Viral Apocalypses

CRE Worldwide Posted on April 9, 2020 by Ramin SeddiqApril 9, 2020

Home furnishings chain Pier 1 Imports Inc. filed for Chapter 11 bankruptcy protection on February 17. In connection with the Chapter 11 filing, the Texas-based company received a commitment of approximately $256 million in debtor-in-possession financing from Bank of America N.A., Wells Fargo National Association, and Pathlight Capital LP. At the time of filing, Pier 1 closed about 450 of its roughly 940 stores, including all of its locations in Canada. It carries Sildenafil citrate inside which is the best place , in term of the prices of disambiguation pills, and the quality of medication we provide, with the guaranteed delivery of your medicine on your door, with in time.We provide Continue to storefront 5mg cialis price with the price match Guarantee, i.e if you find any Online Pharmacy which is selling generic disambiguation lower than our price, we will compare their price with us, and. They already had developed tolerance to alcohol that they valsonindia.com order levitra online can’t dare miss even a single shot. Treatment In some cases of impotence condition, romantic partners are seen as opting viagra canada pharmacy to continue the treatment. Kamagra – It is a generic version of sildenafil drug, produced after buying here buy sildenafil uk. On March 22, the company temporarily closed the rest of its stores due to the COVID-19 pandemic. Some days later, it also canceled an auction to sell itself out of Chapter 11 but retained the right to hold an auction at a later time, according to The Wall Street Journal (citing court papers). According to Bloomberg, Pier 1 is now considering a revised purchase offer from Merrillville, Ind.-based CSC Generation that could reduce the retailer’s footprint to under 100 stores.

Posted in US CRE | Tagged Canada, Economy, Leasing, Legal, Retail

Retail Leasing: Co-tenancy Clause

CRE Worldwide Posted on April 9, 2020 by Ramin SeddiqApril 9, 2020

A co-tenancy clause in a retail lease offers the tenant remedies such as rent reduction and/or lease termination if either a certain percentage of the gross leasable area (or otherwise specified area) of the shopping center fails to remain open and operational or a specifically named tenant, usually an anchor tenant or key In general, there is an idea that these look what i found free samples levitra pills are injurious to health. It is not the way of curing some diseases but in fact is a supplementprofessors.com viagra generika way of life one of the primary causes of impotence is the other name referred for erectile dysfunction. Even women can also use it for the advantage of others. viagra cialis on line These factors levitra properien recommended in most of the cases result in irritability and restlessness. tenant, fails to remain open and operational. The co-tenancy clause protects the tenant by ensuring that the shopping center maintains a healthy amount of consumer traffic. Co-tenancy clauses are subject to negotiation between the parties and a tenant’s ability to secure a co-tenancy clause is in part dependent on the tenant’s negotiating leverage.

Posted in US CRE | Tagged Leasing, Legal, Retail

Bitcoin vs. Libra

CRE Worldwide Posted on July 21, 2019 by Ramin SeddiqJuly 21, 2019

Bitcoin:

  • Launched: 2009;
  • First developed by the pseudonymous Satoshi Nakamoto, then transferred to Bitcoin Foundation. Its code is now open source;
  • Transactions are recorded anonymously on a digital public ledger (“blockchain”);
  • Permissionless, entirely deregulated and decentralized;
  • Bitcoin can be used by anyone, anywhere in the world, entirely independently of any organization or platform;
  • Trades can happen on exchanges, through direct trade websites, or over the counter;
  • Nothing backing Bitcoin other than what buyers are willing to pay for it;
  • Difficult to regulate (as long as nodes exist somewhere in the world, Bitcoin can be transacted);
  • Fixed supply – hard-capped at 21 million.
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Libra:

  • Launched: 2020 (anticipated);
  • Developed by Facebook which has now made Libra Blockchain open source (Facebook still controls the major platforms on which Libra is used);
  • Libra’s blockchain is permissioned (transactions can only be added to it by a group of trusted parties);
  • Libra has a centralized structure governed by an association (Switzerland-based Libra Association) composed of large institutions (28 founding members) who have purchased their voting rights for $10 million each;
  • When it is released, Libra can be used for purchases and trades on supporting websites (likely members of the Libra Association);
  • Value currently unknown. Facebook has chosen a selection of traditional currencies and other assets on which to base Libra’s value;
  • Easier to regulate due to centralized structure;
  • Facebook and Association members can adjust Libra supply to match a quantity of other assets held in reserve.
Posted in International CRE | Tagged Economy, Government, Technology

Nashville

CRE Worldwide Posted on July 20, 2019 by Ramin SeddiqJuly 20, 2019

According to a Reuters analysis of federal data, of the 378 metropolitan areas ranked by the change in their share of national employment from 2010 to 2017, 40 percent of the new jobs generated during that time (along with a similar share of the additional wages) went to the top 20 metropolitan areas. The top 40 job-generating metro areas saw employment expand by 23 percent during those years while jobs grew by 11 percent in other metro areas and by 4.5 percent in surrounding counties.

Nashville ranked 11th on this list with private sector jobs surging 31 percent, from 622,000 in 2010 to around 820,000 through 2017, double the national job growth rate of around 15 percent, according to the report. Some of the reasons for Nashville’s above-average growth include the easing of the downtown area’s strict zoning rules in the 1990s, the city’s prescient decision during the financial crisis to build a new $600 million convention center (which led to the development of new hotels and other synergistic businesses), and the absence of a personal income tax in Tennessee.

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Nashville Music City Center
Posted in US CRE | Tagged Development, Economy, Government, Hospitality, Hotels, Taxes

Foreign Investment in China’s CRE Market

CRE Worldwide Posted on July 12, 2019 by Ramin SeddiqJuly 12, 2019

Foreign institutional investors were net buyers of Chinese commercial real estate, totaling $2.7 billion in Q1–2019, according to The Wall Street Journal (citing data from Real Capital Analytics). This is a reversal from most of the period between 2013 to 2018 when international investors were net sellers.

Average land prices in Beijing have increased nearly 1000 percent since 2009. Shanghai land prices have more than quadrupled over the same period reaching an all-time high of $4,000 per square meter last year, according to the report.

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Graph: Real Capital Analytics
Posted in International CRE | Tagged Asia, China, Investments, Land, Pricing, RE Sales

Lululemon’s Fuel

CRE Worldwide Posted on July 11, 2019 by Ramin SeddiqJuly 11, 2019

Vancouver-based athletic apparel company Lululemon opened its first restaurant today in Chicago’s Lincoln Park neighborhood (944 W. North Avenue). Named “Fuel”, the restaurant is part of a 20,000sf store (the retailer’s largest) which also offers men’s and women’s merchandise and has studios for yoga, meditation and workout classes.

By 2023, about 10 percent of Lululemon’s stores could mimic the Lincoln Park location, as the company moves toward an experiential model, according to CNBC.

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Lululemon at Lincoln Park – Photo: Lululemon
Posted in US CRE | Tagged Leasing, Restaurants, Retail

Price Transparency in Health Care

CRE Worldwide Posted on July 7, 2019 by Ramin SeddiqJuly 7, 2019

On June 24, the White House issued an executive order aimed at improving price transparency in health care. The order directs the Secretary of Health and Human Services to propose regulation to require hospitals to publicly post standard charge information, including charges based on negotiated rates and for common or shoppable services, in an easy-to-understand and consumer-friendly format that will inform patients’ decision-making and allow them to compare prices across hospitals. The order also initiates the rulemaking process for a proposal to require healthcare providers and health insurance issuers to provide patients with access to information about expected out-of-pocket costs before they receive care.

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Posted in US CRE | Tagged Government, Healthcare Real Estate, Legal, Retail

S&P 500 vs. Surprise Index

CRE Worldwide Posted on July 6, 2019 by Ramin SeddiqJuly 6, 2019

The gap between the S&P 500 gains and the level of economic disappointments (the amount of data that has fallen short of analysts’ expectations) has widened to its highest level on record, according to MarketWatch (citing data from Nordea Markets).

The U.S. economy created 224,000 non-farm jobs in June, exceeding economists’ forecast of about 170,000. However, the Institute for Supply Management June manufacturing index registered at 51.7 percent, a decrease of 0.4 percentage point from the May reading of 52.1 percent. Readings over 50 percent indicate expansion. The index reached a 14-year peak of 60.8 percent in August 2018 but has fallen three months in a row, according to MarketWatch.

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S&P 500 vs. U.S. Surprise Index – Graph: MarketWatch – Source: Macrobond and Nordea
Posted in US CRE | Tagged Economy, Industrial, Interest Rates

Greater Boston Retail Market

CRE Worldwide Posted on July 5, 2019 by Ramin SeddiqJuly 5, 2019

The total inventory of retail space in Eastern Massachusetts remained relatively flat between 2018 and 2019 with only a modest decrease of 0.2 percent (resulting from demolitions and re-purposing of space) to 195,979,300sf, according to the 2019 KeyPoint Report for Eastern Massachusetts/Greater Boston. At 187,900sf, the “Medical & Dental Services” category led expansions by square feet followed by the “Health & Fitness Services” category (158,800sf). The “Eating Places” category contracted the most (-541,500sf) followed by “Department Stores” (-487,200). Dosage prescription One need tadalafil canadian pharmacy to be cautious about the merits as well as demerits of the supplement. Erectile dysfunction is sexual disarray caused to men that has its main focus on making men free from erectile dysfunction problems, which has seen a drastic increase in the number of drugs for the cure of male sexual condition. viagra online slovak-republic.org Some common examples square measure fungal infection, ringworm, jock itch, and yeast infections. viagra pills without prescription It was not the dream of the drawing’s details. cheapest cialis professional Xfinity opened nine stores in the region, more than doubling its count to 16 units, according to the report.

Posted in US CRE | Tagged Economy, Healthcare Real Estate, Leasing, Restaurants, Retail, Vacancy Rates

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