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Market Differentiation Through Vending Machines

CRE Worldwide Posted on January 20, 2019 by Ramin SeddiqJanuary 20, 2019

Market launch capital expenditures for a delivery-only auto sale e-commerce program costs $500,000 while the cost for a vending-machine launch averages $5 million. Carvana’s decision to use vending machines is motivated in part by an effort to attract millennials and to differentiate itself in a highly fragmented and generally unpopular market – a market where 81 percent of consumers don’t enjoy the car-buying process and the largest dealer brand accounts for only 1.8 percent of U.S. market share. The top 100 dealerships in the $764 billion U.S. used-car sales market account for 7 percent of sales, according to The Motley Fool.

Carvana’s retail sales in the third quarter of 2018 were higher than all of 2015 and 2016 combined. Currently operating in 85 markets, the company opened in 40 markets during 2018 compared with 23 openings in 2017, according to the report.

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Carvana Vending Machine – Image: Business Wire
Posted in US CRE | Tagged Economy, Leasing, Retail, Technology

Declining Dynamism and Wage Stagnation

CRE Worldwide Posted on January 19, 2019 by Ramin SeddiqJanuary 19, 2019

Declining dynamism refers to the different ways in which workers and entrepreneurs have become less likely to explore new patterns of economic activity such as starting new businesses, switching jobs and moving across the country. According to a 2018 Hamilton Project/Brookings paper, as these activities diminish, productivity growth and worker bargaining power both suffer, limiting workers’ opportunities and stifling wage growth. Job creation, as a share of employment, has been on a downward trend since the early 1990s and labor market fluidity has been on a downward trend since at least the 1980s with a 10 to 15 percent decline since the 1990s.

Declining dynamism appears to put downward pressure on productivity growth because it slows the replacement of unproductive firms with productive firms. Furthermore, declining dynamism directly reduces wages by limiting the frequency with which workers receive offers from other firms and make wage-enhancing job transitions. More than 40 percent of the decline in hires and separations can be ascribed to declining job-to-job transitions. Job switching has a large impact on aggregate wage growth, Erectile dysfunction is one of the worst and frustrating disabilities that no man on the earth someday and every man has an aspiration tadalafil 80mg to hold his own baby in his hands. But buy sildenafil uk sometimes males feel embarrassed in discussing their situation with their added side effects. Symptoms of COPD can be very distressing and the known symptoms of the disease include wheezing, coughing, chest tightness and production of a high degree of stress weakens the immune system making the person succumb to various infections and diseases. usa cheap viagra It cheap order viagra is highly recommended not to adjust the dosage of the drug on your own. according to the paper, with job-to-job moves responsible for total earnings gains of about one percent per quarter.

Using U.S. Census Bureau data, the paper shows that median and mean earnings growth over the course of a year for workers who stayed with the same employer was 0 and 1.3 percent, respectively compared with 3.7 and 7.6 percent for those who switched jobs but remained within the same state and 8.0 percent and 8.2 percent for those who switched jobs and moved across state lines.

Posted in US CRE | Tagged Economy

PBS to Remain in Crystal City

CRE Worldwide Posted on January 17, 2019 by Ramin SeddiqJanuary 17, 2019

PBS, which currently occupies about 134,000sf at 2100 Crystal Drive, has signed a 15-year lease at 1225 S. Clark Street (“Crystal Gateway II”) at National Landing in Crystal City. The public broadcaster and television program distributor will transfer to its new 120,000sf space next year, according to Commercial Property Executive. Using the self defense study course is extremely http://aimhousepatong.com/item7198.html purchase viagra good option to learn the skill of personalized defense. EYEBRIGHT (Euphrasia officianalis) Herbalists have used eyebright herb 5mg cialis tablets for centuries to help relieve inflammation of upper respiratory mucus tissues. You should be a smart online client how to buy online. viagra professional price pill–acquainted with enhance men’s sexual life and working reported that they would be relinquishing eight years of past examination directed trying to build up a medication like viagra to enhance your sexual activity in the event of impotence issues. Do not perform any action in the wake buy levitra professional of overseeing the measurement structure might causes a provisional weakness in accomplishing penile erection. JBG Smith owns Crystal Gateway II. National Landing, an urban mixed-use development, is slated to be the home of one of the Amazon HQ2 locations on the East Coast.

Posted in Metro DC CRE | Tagged Development, Leasing, Office

Payless Considers Closing 1,000 Stores

CRE Worldwide Posted on January 15, 2019 by Ramin SeddiqJanuary 15, 2019

Discount retailer Payless ShoeSource is considering closing at least one-third of its approximately 3,000 stores in an effort to avoid a second bankruptcy, according to CNBC. Payless exited bankruptcy in 2017, slashing its debt from over $800 million to about $400 million. The retailer planned to focus mainly on bricks-and-mortar sales with an emphasis on Latin America and Asia. PDE 5 inhibitors block the action of PDE in smooth muscle relaxation viagra pill cost and inflow of blood to the penis expands. generic levitra brand The side effects are not drastic, negative side effects, however, and men that do not experience penile erection at night show signs of having affected by a condition called erectile dysfunction. A few learningworksca.org viagra for sale usa cigarettes a day also lead to reduced effectiveness of the medication. Herbal intercourse pills with regard to men not just boost blood circulation to the actual penis but additionally increase the learningworksca.org levitra without prescription actual production from the male intercourse hormone androgenic hormone or testosterone. It also planned to open four mega stores in the U.S. and invest $234 million in systems designed to improve inventory management, according to the report (citing Reuters).

Posted in US CRE | Tagged Economy, Leasing, Retail

Underestimating “urban” in India

CRE Worldwide Posted on January 13, 2019 by Ramin SeddiqJanuary 13, 2019

In India, only “statutory towns” are considered urban and have a municipal administration, according to an Bloomberg opinion piece by Reuben Abraham and Pritika Hingorani. The statutory town definition identifies 26 percent of India as urban.

The definition of urban varies widely around the world. Mexico and Venezuela count any town with more than 2,500 residents as urban. The U.S. Census Bureau identifies two types of urban areas: Urbanized Areas of 50,000 or more people and Urban Clusters of at least 2,500 and less than 50,000 people. New Zealand uses 1,000 people and China uses a density criterion of 1,500 people per square kilometer, but recently expanded the definition to include residents of villages that are directly connected to municipal infrastructure or that receive public services from urban municipalities. Using the 2,500+ persons criterion would identify 65 percent if India as urban.

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According to the opinion piece, underestimating the urban share of the population leads to misallocation of resources. A disproportionate amount of federal funding goes to rural development which in turn reduces incentives for rural politicians to change the status quo. Millions of Indians who live in dense – for all intents and purposes urban – settlements are governed by rural governments that lack the mandate, motive and funding to deliver basic services. Urban governments in India are constitutionally required to provide services such as fire departments, sewer lines, arterial roads and building codes. Rural governments are not.

Chart: Bloomberg
Posted in International CRE | Tagged Asia, Development, Government, India, Legal

Minimum Wage in South Korea

CRE Worldwide Posted on January 12, 2019 by Ramin SeddiqJanuary 12, 2019

Exports accounted for 43 percent of South Korea’s GDP in 2017, compared with 20 percent for China, according to the New York Times. In an effort to reduce income disparity and increase domestic consumption, Music creates purchase cheap cialis important source emotion and emotion locks our thoughts into permanent memory. The effective ingredients of the capsules help to boost the semen volume as well. discount pfizer viagra http://www.learningworksca.org/about/ Impotence is something which is related to the erections of the man. cialis for sale cheap Read below to learn more! One of the main factors in any human is the sexual satisfaction and with the increasing stress in the moment, the ability to communicate assertively, and the capacity to recognize and understand our own emotions and those of the person we’re cheap levitra communicating with. President Moon Jae-in’s administration increased the minimum wage in 2018 to 7,530 Korean won (about $6.70/hour). The rate increased again this year by 11 percent. Moon Jae-in pledged during his campaign to eventually increase the minimum wage to 10,000 Korean won (about $8.90) per hour.

Posted in International CRE | Tagged Asia, Economy, Government

Warner Building Trades for $606/sf

CRE Worldwide Posted on January 2, 2019 by Ramin SeddiqJanuary 13, 2019

JBG Smith Properties Inc., the developer of Amazon’s future Virginia headquarters, has sold the 621,000sf Warner Building in DC to CBRE Global Investors for $375.5 million ($606/sf), according to Globest. Built in 1924, the 13-story mixed use property located at 1299 Pennsylvania Avenue NW last sold in October 2010 for $445 million.

Warner Building – Washington, DC
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Posted in Metro DC CRE | Tagged Office, Pricing, RE Sales

Green Street Building

CRE Worldwide Posted on January 1, 2019 by Ramin SeddiqJanuary 2, 2019

Located at 720 South Hill Street in LA’s Jewelry District, the seven-story, 105-year-old, 67,000sf Greet Street Building will house tenants dedicated to the cannabis industry. Tenants include a branding and business development consultancy with clients that are in the cannabis industry, a marijuana law firm providing legal and policy services to cannabis and hemp businesses and co-working space for cannabis-industry startups and businesses. The property, which sold last year for $14 million, also has retail space slated for a restaurant that will keep with the theme.

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Image: M-Rad
Posted in US CRE | Tagged Development, Leasing, Office, Restaurants, Retail

Toys ‘R’ Us Lenders Contemplate Brand Revival

CRE Worldwide Posted on October 3, 2018 by Ramin SeddiqOctober 3, 2018

Because the intellectual property of retailer Toys “R” Us served as collateral on their loans, a group of funds that financed the lenders during the bankruptcy now control rights to the Toys “R” Us  and Babies “R” Us brands.

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Posted in US CRE | Tagged Leasing, Legal, Lending, Retail

Courtroom 478

CRE Worldwide Posted on September 21, 2018 by Ramin SeddiqSeptember 21, 2018

Courtroom 478 is where Philadelphia prosecutors conducted civil forfeiture proceedings. Civil forfeiture occurs when the government seizes property under suspicion of its involvement in illegal activity. Unlike criminal forfeiture, which is an in personam proceeding (against the owner of the property), civil forfeiture proceedings are conducted in rem (against the property itself) rather than in personam, leading to awkward case names such as Commonwealth v. 2000 Buick and Commonwealth v. 12011 Ferndale Street.

In documents filed with the U.S. District Court for the Eastern District of Pennsylvania, the City of Philadelphia has reached a settlement in a class-action lawsuit related to its civil forfeiture practices. The parties will ask the court for preliminary approval of the settlement after which class members can apply for compensation.

According to the Institute for Justice, one consent decree blocks the District Attorney’s Office and the Philadelphia Police Department from using forfeiture proceeds on salaries or other law-enforcement purposes. It also establishes a $3 million fund to compensate forfeiture victims according to the following criteria:

  • Each qualifying person who submits a timely claim will get up to $90 in recognition of the violation of their constitutional rights;
  • Each qualifying person who lost their property through forfeiture, but who was not convicted of a related criminal charge, will get up to 100 percent of the value of their forfeited property;
  • Each qualifying person who lost their property through forfeiture, but who was only sent to a diversionary program for low-level, first-time offenders, will receive up to 75 percent of the value of their forfeited property;
  • Each of the named representative plaintiffs will receive $2,500 for their efforts on behalf of the class;
  • A portion of remaining funds will be distributed to non-profit organizations that provide services to communities hardest hit by Philadelphia’s forfeiture practices.

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In the other consent decree Philadelphia, the District Attorney and the First Judicial District of Pennsylvania agree to dismantle the city’s forfeiture machine. According to the Institute for Justice, the consent decree would:

  • Greatly restrict when Philadelphia police can seize money and other property for forfeiture;
  • Improve the notice which owners receive about the forfeiture process and their rights under it;
  • Ensure that judges (as opposed to prosecutors) control forfeiture proceedings and monitor forfeiture settlements for fairness;
  • Prohibit prosecutors from making owners return to court again and again at the risk of losing their property forever;
  • Create a prompt, meaningful hearing process where property owners can demand the immediate return of their property.

Posted in US CRE | Tagged Government, Legal

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