ENON, Ohio — After months of on-again, off-again talks, Marathon Petroleum Corp. (MPC) agreed to sell its retail arm to 7-Eleven Inc. The $21-billion, all-cash acquisition agreement for Speedway LLC is expected to close in the first quarter of 2021…. Read More
It has officially arrived—the final language on the split-roll tax ballot measure that has been expected and dreaded among California property owners. Prop 15, as it has been called, would remove the property tax limitation protections promised by Prop 13… Read More
Commercial real estate markets weakened in the second quarter as the COVID-19 pandemic, social distancing, and temporary closures impacted all major property sectors. Demand weakened even as construction projects initiated well ahead of the pandemic continued to be delivered to… Read More
Credit unions that have been working to grow market share in the commercial real estate lending space in recent years are taking advantage of open runway as other capital sources have pulled back in recent months. In fact, these institutions… Read More
It’s a little tricky to review the health of the limited-service restaurant industry based on 2019 sales results. No matter how restaurant companies performed last year, the coronavirus pandemic has upended marketing plans, expansion trajectories, and brand momentum, leveling the… Read More
West Coast operators encountered another significant hurdle when California Gov. Gavin Newsom closed in-restaurant dining in mid-July. But for Southern California-based Del Taco, not so much. The mandate didn’t interrupt operations for the Mexican-American chain; all 294 company-operated stores have… Read More
Beleaguered retailer Sears plans to close its store at Morgantown Mall in Morgantown, W.Va. before the end of this year, leaving an 80,000-sq.-ft. space without an anchor. But in a move that would have been unimaginable in the heyday of traditional… Read More
While the country’s public health situation appears to be worsening, McDonald’s believes it’s left the bottom behind. The fast-food chain running today, CEO Chris Kempczinski said Tuesday, is pandemic ready. It took nearly 50 operating changes to get there, and… Read More
WASHINGTON, DC, (July 22, 2020) — Nareit has conducted its fourth monthly survey of REIT rent collections in the wake of the COVID-19 pandemic and related economic dislocation. Re-openings in many parts of the country beginning in May continue to… Read More
On Monday, Senate Majority Leader Mitch McConnell (R-KY) announced the Health, Economic Assistance, Liability Protection and Schools (HEALS) Act, backed by Senate Republicans as their opening bid for “Phase 4” economic relief ahead of negotiations with Senate and House Democrats…. Read More