Net Lease Investments: Understanding the Retail Pharmacy Sector

Written by Drew Olson, Associate, Barr & Bennett Net Leased Investments Group   The Retail Pharmacy sector has been a safe and solid investment for investors and 1031 exchange buyers for many years. The two companies dominating the retail pharmacy investments are Walgreens (NYSE: WBA) and CVS Pharmacy (NYSE: CVS). Walgreens and CVS … [Read more...]

The Declining Investment Levels In Opportunity Zones

Posted on GlobeSt.com | June 6, 2019 View Original Article Here     For all the interest in and excitement around Opportunity Zones, an analysis by Reonomy has uncovered a surprising trend: commercial activity in Opportunity Zones is declining.   To be sure, activity in these low-income areas has been falling … [Read more...]

Foreign Industrial Investment Triples Last Year in SoCal

Posted on GlobeSt.com | April 29, 2019 View Article Here       The Southern California region was the top market for foreign investment last year, accounting for 6.3% of total foreign investment in the US.   Foreign industrial investment tripled in the Southern California market last year. Research … [Read more...]

Capital Is Heading Out of State for NNN Retail Deals

Posted on GlobeSt.com | April 23, 2019 View Article Here     The harsh tax environment and limited investment opportunities are pushing local Southern California capital to other markets for triple-net single-tenant deals.   California capital is heading to other markets for single-tenant triple-net deals. There are … [Read more...]

Buyout firm Apollo to buy Smart & Final Stores for $1.1 billion

Posted on Reuters.com | April 19, 2019 View Original Article     (Reuters) - Apollo Global Management LLC said on Tuesday it will acquire Smart & Final Stores Inc for about $1.1 billion, including debt, the second time the private equity firm will own the U.S. food retailer.   The deal comes after Apollo … [Read more...]

US retail sales soared 1.6% in March

Posted on APNews.com | April 18, 2019 View Article Here     WASHINGTON (AP) — U.S. retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped.   The Commerce Department said Thursday that sales increased a seasonally adjusted 1.6% from … [Read more...]

Lease Accounting Changes Hit Corporate Bottom Lines

Posted on CoStar.com | April 17, 2019 View Article Here     Liabilities, Higher Occupancy Costs on Balance Sheets Prompt Firms to Own Land or Shorten Terms   Cedar Fair Entertainment Co. agreed to buy the land under its Great America amusement park in Santa Clara, California, for $150 million not only … [Read more...]

No, Online Sales Aren’t Beating Brick-And-Mortar Retail

Posted on BisNow.com | April 10, 2019 View Original Article Here     There are three types of lies: lies, damn lies and, apparently, retail statistics. A recent U.S. Department of Commerce retail report showed non-store sales eclipsed general merchandise sales by a narrow margin in February, a first in the history … [Read more...]

Net Lease Chasing Yield

Posted on GlobeSt.com | April 9, 2019 View Original Article Here     "Nothing is on our 'No' List," said one panelist at GlobeSt.com's RealShare Net Lease conference.   NEW YORK CITY—E-commerce is not going away. So, Jimmy Goodman, a partner at the Boulder Group, moderating the “State of the Industry” panel at … [Read more...]

Grocery store openings increased 30% in 2018

Posted on Supermarketnews.com | March 27, 2019 View Original Article   More than 17 million square feet of new grocery stores opened   New grocery store openings were up 30% in 2018, with more than 17 million square feet of space added in the United States, according to JLL’s Grocery Tracker 2019 report. More than … [Read more...]