On the heals of Sears Holdings announcing their 79 store closing list, Delhaize (dba Food Lion, Bloom and Bottom Dollar) has released a list of 126 stores which they intend to close. View Delhaize Store Closing Map in a full screen map On average these stores aren't as well located as many ... More
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Delhaize Store Closing Map
Thursday, January 26th, 2012PwC Real Estate Investor Survey Q4 2011
Tuesday, January 3rd, 2012PricewaterhouseCoopers has released the results of their 4th Quarter 2011 Real Estate Investor Survey. One of the most popular features of this report is the cap rate trend section. This issue reported the largest decline in Net Lease cap rates (recording a drop of 54 basis points). Larger declines were ... More
Cap rates hold firm as interest rates decline
Thursday, November 10th, 2011As the 10-year treasury fell below 2 percent in September, core cap rates held firm at around 7.10 percent. Current cap rate to 10-year T-Bill spreads are 512 basis points, which is up 156 bps from the low of 356 bps witnessed February of this year. As depicted in the chart ... More
Moody’s/REAL CPPI up 2.4 percent in August
Thursday, November 3rd, 2011Moody's/REAL Commercial Property Price Index (CPPI) rose 2.4 percent during the month of August and is now 15.3% above its April 2011 lows. From the Moody's report: The share of distressed transactions included within this month’s CPPI was 21.7%, down 5.9% from last month and the lowest level since January 2010. Prices ... More
Uptick in CRE Transaction Volume
Thursday, September 29th, 2011Sure enough, as soon as I comment on a slow down in transaction volume, there is an avalanche of new blockbuster deals. Just to note a few of the biggest recently announced: Blackstone’s Purchase of Equity One Portfolio Signals Confidence in Retail National Real Estate Investor - Sep 29, 2011 On Sept. ... More
More on Moody’s CPPI July Results
Tuesday, September 27th, 2011Moody's reported that its Commercial Property Price Index (CPPI) was up 5% in July and that most of the increase was due to middle market asset pricing: As in June, the broad middle market (non-major assets and non-distressed assets) drove the bulk of the overall increase of 5.0% in the July ... More
PwC Real Estate Investor Survey Q3 2011
Friday, September 23rd, 2011PricewaterhouseCoopers has released its 2nd half survey findings for 2011. Through the first half of the year, most investors sounded cautiously optimistic about the rest of 2011. Not surprisingly, strong demand for multifamily product was noted. National Highlights As the United States faces an array of challenges, many investors view the commercial ... More
Moody’s/REAL CPPI up 5 percent in July
Friday, September 23rd, 2011Moody's/REAL Commercial Property Price Index (CPPI) rose by 5% in the month of July. The Moody’s/REAL Commercial Property Price Index advanced 5 percent from June. It’s up 1.2 percent from a year earlier and almost 13 percent from its post-peak low in April, the New York-based company said in a report ... More
Moody’s CPPI and Cap Rate Compression
Thursday, September 15th, 2011As part two to yesterday's post, I wanted to examine how much of the bubble in Moody's/REAL CPPI was attributable to cap rate compression, and the portion which was attributable to something else (eg. rent growth, increase in occupancy, etc.). A disclaimer, I am in no way a statistician, but I ... More
General Growth to spin off 30 non-core malls
Friday, January 6th, 2012In Wednesday's Wall Street Journal, there was an article on GGP's plan to spin off 30 of its weaker malls and create a new publicly traded company, Rouse Properties Inc. General Growth executives tout the separation as a means for General Growth to focus its resources on its remaining 137 best-performing ... More
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