National Commercial Real Estate News From CoStar Group
Facility Closures & Downsizings: Closing Stores To Up Appeal to Investors
Privately-held Fresh & Easy Neighborhood Market, which operates 200 full-service grocery stores in California, Arizona and Nevada, filed for Chapter 11 bankruptcy court protection as it European-based owner Tesco prepares to sell the grocery store chain to Mexico-based Yucaipa Cos.
According to documents filed with the Court, "Many of Fresh & Easy’s leases are substantially above market relative to its competitors. Given Fresh & Easy’s geographic...
Capital Markets Report: Global Capital Chasing Real Estate Deployment Close To Peaking
The amount of global capital seeking to invest in real estate has risen over the first six months of this year - up by an estimated $20 billion to $340 billion according to DTZ - but the tipping point for the asset class's relative attractiveness compared to other asset classes looks to be drawing near.
DTZ’s latest assessment of global capital flows chasing real estate investments, in its biannual The Great Wall of Money report, reveals a $10...