Retail Archives - Page 2 of 18

Retail

August 10, 2023

When Bankruptcy Is A Blessing: Huge Rent Growth Drove Strong Q2 For Shopping Center REITs NationalRetail

Space at open-air shopping centers is so constrained, a major retailer’s bankruptcy may have actually been good news. Early in the second quarter, Bed Bath & Beyond went bankrupt and began closing its 480 remaining stores...

July 27, 2023

ExchangeRight Fully Subscribes $98 Million Net-Leased Portfolio Designed for Recession Resilience

ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has announced that it has fully subscribed its Net-Leased Portfolio 59 DST, a $98,345,000 offering totaling 261,644 square feet and net-leased to grocery, pharmacy, medical, and other necessity-based national tenants operating essential businesses. The portfolio has been structured to provide…

July 26, 2023

PetSmart’s Owner Sells Minority Stake to Apollo

PetSmart’s majority owner, BC Partners, has entered a definitive agreement to sell a minority stake in PetSmart to funds managed by affiliates of Apollo, an asset management business. BC Partners, alongside co-investors including GIC and the PetSmart management team, will remain the majority shareholder of PetSmart and retain control of the Board.

June 25, 2023

Wave Of Distressed CRE Loans Reaches $64B, With Retail, Office Hardest Hit

The long-anticipated wave of distressed CRE assets is closer to realization, with total distressed assets coming in at $64B during Q1 2023, Bloomberg reports, citing a new report by MSCI Real Assets...

June 20, 2023

Are hybrid work schedules increasing traffic at suburban open-air centers?

In the last six months of 2022, visits to LA Fitness gyms in the Houston suburbs rose between 10% and 38%, according to Placer.ai. In the 610 loop however, visits declined by 2% to 18%. COVID cases have mostly gone away, but the hybrid work model the pandemic spawned has not...