President Biden and congressional Democrats have put forward sizable spending proposals, particularly the American Families Plan. When politicians boost spending, revenue needs to be raised. That’s often easier said than done, and revenue-raising conversations on Capitol Hill often lead to… Read More
CIRE Weekly
COVID Accelerates Innovation for Casual Dining
The COVID-19 pandemic turned 2020 into the annus horribilis for the casual-dining restaurant segment. The hospitality amenities that make the segment special — welcoming dining rooms, attentive service and adult beverages at a convivial bar —were devastated by coronavirus restrictions that closed… Read More
Navigating Net Lease Retail’s Opportunities
Essential Properties Realty Trust’s strategy coming out of Covid has been to take advantage of opportunistic transactions. It hit the bullseye recently with the acquisition of a casual dining portfolio in the Northeast. The company struggled during the pandemic and… Read More
Investors Explore UPREITs as 1031 Alternative
President Biden’s tax proposal that puts 1031 exchanges on the chopping block is shining a spotlight on UPREITs as an alternative strategy to defer capital gains taxes. The UPREIT structure leverages Section 721 of the Internal Revenue Code, which allows investors… Read More
Retail Rent Collections Eclipse 90% Mark
Total retail rent collections approached 91% last month, the first time since March 2020 that collections eclipsed the 90% mark. May collections clocked in at 90.85%, up more than a percentage point over April figures, according to new research from… Read More
Mall Retailers are Exploring Freestanding Sites
Even before the pandemic, retailers were evaluating their physical footprints and shuttering underperforming store locations. COVID-19 accelerated that trend, forcing many retailers to be more aggressive with optimizing their store portfolios. Today, a number of retailers that have been mall… Read More
The Bid-Ask Price Gap Ignores COVID Upheaval
To hear the listing team describe it, 1372 South California Blvd., in downtown Walnut Creek, CA, is the perfect investment property. It is a 25,520-square-foot two-tenant retail property anchored by a strong performing Trader Joe’s and Pet Food Express backed… Read More
Ranking America’s Largest Restaurant Chains
The 2021 Top 500 report, presented by Nation’s Restaurant News in partnership with Datassential, offers an unparalleled look at the performance of the country’s largest restaurant chains. Below, you’ll find all Top 500 chains ranked by 2020 annual U.S. sales,… Read More
Fast Food & Fast Casual Battle for Customers
Much has been made of fast casual’s potential sling-shot out of the COVID-19 crater. It’s a notion that tugs at some familiar examples. When the Great Recession smothered retail in 2008–2010, it was fast casual that rode lowered barriers to entry…. Read More
Golden Years Ahead for Casual Dining Chains
Casual-dining chains, as they emerge from the pandemic, are poised for “golden years” of growth in market share, same-store sales and units now through 2024, a Jefferies equities analyst said in a note Monday. Andy Barish, a managing director at… Read More