Downtown Miami has one of the highest retail vacancy rates in Miami-Dade County, according to Law.com. About 21.5 percent (more than 3 million square feet) was vacant in Q4-2018 and the average direct asking rent was $59.43/sf NNN, according to … Continue reading →
Over half of all credit cards are issued by the “big four” banks: JPMorgan Chase, Citigroup, Wells Fargo, and Bank of America, according to Forbes. Swipe fees – which range between 1.5 percent and three percent in the U.S. – … Continue reading →
A report in Vox attributes Amazon’s zero tax liability on close to $11 billion in 2018 earnings to three factors: 1. Research and development tax credit; The rate of ED reduction was 39% of men above 40 and 65% of … Continue reading →
The proliferation of dollar stores in urban areas is raising concern that the discount chains are deterring grocers that sell fresh produce and meat from entering the market. In an attempt to address this concern, District 1 in Tulsa implemented … Continue reading →
The 768,000sf mixed-use development at 655 New York NW incorporates 19 historic buildings and covers most of the triangle-shaped bock in DC’s Mount Vernon Square neighborhood. A joint venture between Douglas Development and Brookfield Properties, the project is expected to … Continue reading →
Blue Stripes Cacao Shop, an Oded Brenner concept which opened last June at 28 East 13th Street in Manhattan’s Union Square, intends to expand to DC, according to Eater DC. With an intended footprint of between 1,500sf and 2,000sf, the … Continue reading →
Victoria’s Secret annual same-store sales have fallen three years in a row and the stock value of its parent company L Brands decreased by 55 percent in 2018, according to CNBC. Victoria’s Secret makes up about 52 percent of L … Continue reading →
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 … Continue reading →
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 … Continue reading →
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 … Continue reading →