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Tag Archives: Retail

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Rappi’s Rapid Rise

CRE Worldwide Posted on October 27, 2024 by Ramin SeddiqOctober 27, 2024

“Rappi is a Latin American super-app offering a variety of digital consumer services that began with food delivery and has since expanded to provide e-commerce, travel, and banking services[,]” according to an analysis published by Contrary Research which states further … Continue reading →

Posted in International CRE | Tagged Economy, Industrial, Latin America, Retail, South America, Technology

The Ballston Macy’s Redevelopment Project

CRE Worldwide Posted on October 16, 2024 by Ramin SeddiqOctober 16, 2024

Insight Property Group intends to redevelop the now-shuttered Macy’s at 685 & 701 North Glebe Road in Arlington, VA into a 16-story building with 553 apartment units, a 38,400sf organic grocery store and 2,000sf of in-line retail space. Construction at … Continue reading →

Posted in Metro DC CRE | Tagged Construction, Development, Government, Housing Market, Leasing, Multi-family, Retail

Strip Centers Experience a Revival

CRE Worldwide Posted on October 6, 2024 by Ramin SeddiqOctober 6, 2024

According to the International Council of Shopping Centers (ICSC), a strip center is an “[a]ttached row of stores or service outlets managed as a coherent retail entity, with on-site parking usually located in front of the stores. Open canopies may … Continue reading →

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

Further Point Enterprises and Mike LaVitola Plan To Resuscitate Some of Upscale Grocer Foxtrot’s Locations

CRE Worldwide Posted on June 6, 2024 by Ramin SeddiqJune 6, 2024

On April 23, 2024, the Chicago-based operator of Foxtrot and Dom’s Kitchen & Market announced the closure of all store locations amid plans to file for bankruptcy, according to Forbes. Chicago Reader writes that one thousand people were out of … Continue reading →

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

Luckin Outpaces Starbucks and Leads in China’s Burgeoning Coffee Market

CRE Worldwide Posted on May 26, 2024 by Ramin SeddiqMay 26, 2024

China’s overall coffee sales will rise at an 8.7 percent compound annual growth rate (CAGR) during the 2022–27 time period, with hot coffee outpacing sales of ready-to-drink coffee drinks, according to GlobalData. Xiamen-based Luckin Coffee Inc. (“Luckin”) has tapped into … Continue reading →

Posted in International CRE | Tagged Asia, China, Economy, Investments, Leasing, Retail

New Building in DC’s Union Market District Sold at Auction

CRE Worldwide Posted on May 23, 2024 by Ramin SeddiqMay 23, 2024

The 12-story, 110-unit mixed-use (multifamily and retail) building in DC’s Union Market neighborhood sold at a foreclosure auction today for $38,300,000.00. Silver Spring-based HH Fund is the purchaser. PropertyQuest (DC Office of Planning) indicates the 2024 assessment for the property … Continue reading →

Posted in Metro DC CRE | Tagged Construction, Development, Investments, Leasing, Lending, Multi-family, Pricing, RE Sales, Retail

Takashimaya To Expand Its Presence in Vietnam With a New Store in Hanoi

CRE Worldwide Posted on May 16, 2024 by Ramin SeddiqMay 16, 2024

Japanese department store operator Takashimaya intends to expand its presence in Vietnam by opening a store in Hanoi, according to Inside Retail, which reports (citing Nikkei) that the company’s subsidiary, Toshin Development, has already started work on a mixed-use complex … Continue reading →

Posted in International CRE | Tagged Asia, Development, Investments, Leasing, Retail

Argentina Attempts To Overcome Perónism

CRE Worldwide Posted on December 26, 2023 by Ramin SeddiqDecember 26, 2023

Perónism has ruled Argentina for over half the time since Juan Perón’s first presidency in the 1940s. To this day, Perónists are politically powerful, particularly in the trade unions and political classes. The Justicialist Party (“PJ”) has been the largest … Continue reading →

Posted in International CRE | Tagged Absorption, Development, Economy, Government, Housing Market, Industrial, Interest Rates, Investments, Latin America, Leasing, Legal, Multi-family, Office, Pricing, Retail, South America, Vacancy Rates

5 WTC

CRE Worldwide Posted on October 5, 2023 by Ramin SeddiqOctober 5, 2023

A 900-foot-tall mixed-use skyscraper is planned for 5 World Trade Center (“5 WTC”) in lower Manhattan. Located at the southern end of the World Trade Center campus at 130 Liberty Street, the building is slated to have 190,000sf of office … Continue reading →

Posted in US CRE | Tagged Development, Leasing, Multi-family, New York, Office, Retail

Outback’s Brazil Portfolio Is Its Shining Star

CRE Worldwide Posted on September 28, 2023 by Ramin SeddiqSeptember 28, 2023

Tampa-based Outback Steakhouse has done extraordinarily well in Brazil. According to CNBC, in the first half of 2023, Brazilian sales rose by 61 percent, foot traffic increased by 42 percent and the average check increased by 19.2 percent compared with … Continue reading →

Posted in International CRE | Tagged Brazil, Demographics, Economy, Latin America, Leasing, Restaurants, Retail, South America

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