Brokerage

Pricing guidance remains a moving target for all asset classes all over the country. And for good reason, transaction volumes are down across the board. The headline YoY is a 63% decline, therefore, if there are less transaction, there are less comparable comps to gauge pricing. New York City is the same but different. The number of retail property sales

“Covid was the greatest stress-test ever for retail,” is what the CEO of a national shopping center ownership group told me earlier this month. That CEO, like nearly everyone else I speak to, is bullish on retail. He recently convinced his board of directors to increase the company’s spending budget for the remainder of the year from $1B to $1.2B.

Two weeks ago, I had a conversation with an investor who owns and operates over two hundred shopping centers in twenty-five states from Florida to Alaska, and who is looking to place a pretty hefty investment into New York City Retail. He shared a sentiment that I’ve been hearing a lot lately, which is that the biggest obstacle in today’s

In early March, I sat down with a landlord in a diner in Borough Park, Brooklyn to discuss options for his retail buildings in the area. As we drilled down on the possibilities, he paused and said to me, “Trever, there is a saying in Yiddish which goes, ‘When the Ashkenazi sell, they regret it. And when the Persians buy,

Early this month, an 87-year-old New York City retail landlord told me that,“Buying into the Dollar is just investing into a belief system.” Making the case for why he’s still buying retail properties, he added, “With retail, I am buying into New York’s population, compounded by appreciation.” Contrary to ageist stereotypes, he is well versed in Omni-Channel retailing, and keenly

Commercial sales are exceeding expectations.

“To place this era of unprecedented sales in historical context, the graph…shows South Coast sales volume has followed a stair-stepping growth pattern with three distinct phases, starting with the “great recession” 15 years ago. The recessionary phase lasted through 2011and was followed by a seven-year stretch averaging $315 million of non-hotel volume. 2022 was the

Early in this New Year, a retail landlord who owns over 200 buildings remarked to me: “Cash is king, always is. That’s why I don’t have any mortgages on any of my buildings.” Of course, not all buyers are in a position to follow his model. Very few retail buildings transferred in the last quarter of 2022, and it’s my

It is early January, and I am preparing for the new year ahead.  I was cleaning out some old emails and files and found the article linked below from Chain Store Age (a key retail trade magazine).  The story is about Ace Hardware, and their opening of 170 stores in 2022.  The article also mentions that they operate over 5,600

Wow!! Check out the article below. Amazon has announced their first cinema ! The dominant leader in on-line experience(retail, streaming etc) is now moving more into “bricks and mortar”. With Amazon’s investment in content production it makes sense. Combined with Amazon’s growing investment in grocery and other retail concepts there is a clear message that bricks and mortar retail and