Wednesday, March 20, 2013

Gun Retailers Put Real Estate in Their Sights

National Commercial Real Estate News From CoStar Group

Gun Retailers Put Real Estate in Their Sights

While lawmakers continue to debate potential gun-control policies in the wake of several recent outbreaks of extreme gun violence, a handful of specialized retailers that cater to highly selective outdoor and gun enthusiasts, have defied the general retail downturn by posting strong sales over the past several years.

But all the recent media coverage and interest in guns is having the unintended result of driving up sales of guns and ammunition...

Rialto Mining Gold from Nonperforming Assets

Rialto Capital Management, the investment management spin-off from homebuilder Lennar Corp. that made headlines last year after successfully securitizing a collection of non-performing commercial real estate loans and assets, is back in the market with its second offering.

This time the firm has packaged 1,472 small-balance non-performing loans, real-estate-owned (REO) properties, and performing loans related to 761 unique borrowers for securitization...

Watch List: Latest Large Specially Serviced Loans

A total of 15 large distressed loans totaling $324 million in unpaid principal balance transferred to special servicing in the past month; including seven office properties, five retail, two industrial and one multifamily.

The largest loan is backed by seven office buildings in Carrollton and Plano, TX.

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America Runs on Donuts

Two of the nation’s leading donut shop franchisors are cooking up new expansion plans that will see thousands of new quick service restaurants opening up in the coming years.

Dunkin: California Dreamin'
Dunkin’ Donuts has been strategically expanding in contiguous markets across the country with a long-term goal of having more than 15,000 Dunkin’ Donuts restaurants in the United States alone - that would double its current size.

Dunkin’ Donuts...

U.S. Clothing Retailers Generally Like Fit of Their Current Store Counts

Many of the big name clothing retailers are comfortable with the current fit of their store counts and square footage. After altering for planned closures, net new growth plans have been pretty moderate for the publicly traded retailers that have discussed their plans in their year-end results. With a few exceptions, retailers are shying away from aggressive store opening plans this year.

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Chetrit Grp Closes on $1.1B Acquisition of Sony HQ

The Chetrit Group LLC, a New York-based developer, owner and investment firm, acquired the Sony Tower at 550 Madison Ave. in New York, NY from Sony Corporation of America. The deal closed March 15th for $1.1 billion, or about $1,300 per square foot.

Read CoStar Group's coverage of the previously announced sale at, Sony to See $770 Million Profit from Sale of U.S. Headquarters.

Delivered in 1984, the class A office tower totals 827,686 square...

Facility Closures & Downsizings: Philadelphia Closing 23 Schools

The Philadelphia School Reform Commission (SRC) approved several program relocations, mergers and consolidations along with the closure of 23 schools as part of District’s commitment to better align resources.

The District began work in 2010 on developing a long-range Facilities Master Plan to standardize grade configurations, increase school utilization and reduce excess building capacity.

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