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
Retailers need to stop expecting business to return to “normal.” There’s no going back to how it was anytime soon. Even before the Covid-19 pandemic and economic crisis, brick-and-mortar retailers had been fighting a fierce battle against Amazon and other… Read More
A glut of excess inventory and a value-focused price point have set up deep discounters to outperform other retail sectors. Pre-COVID-19, off-price retail chains were some of the hottest picks in the sector, reporting increasing same-store sales and boasting plans… Read More
As commercial real estate investors scramble to meet a July 15 deadline for wrapping up 1031 exchanges, they’ve been running into trouble finding replacement properties. For one thing, there simply aren’t enough suitable like-kind assets to go around. “The coronavirus… Read More
Commercial real estate markets have been in lockdown along with the rest of the country. The most visible sign of this lockdown is the collapse of sales transactions, which fell sharply as social distancing rules went into effect. Total sales… Read More
The Counselors of Real Estate has identified the current and emerging issues expected to have the most significant impact on real estate for the foreseeable future, with the COVID-19 pandemic being the leading concern of the 1,000-member organization. 1. COVID-19… Read More