Chipotle Mexican Grill smashed first-quarter earnings expectations amid a 17.2% rise in same-store sales. The fast-casual chain anticipates opening 200 new restaurants in 2021, assuming minimal construction and permit delays related to COVID-19, the company said. Chipotle opened 40 new… Read More
Developers are eager to build apartments in suburban areas—but land is hard to find. Low-rise apartment developments with just a few buildings can help apartment investors break into the suburbs where sprawling, garden apartment properties don’t have space to fit in…. Read More
Commercial landlords and tenants are no strangers to changing economic cycles. Adjusting lease agreements to different circumstances is one of the main factors in negotiating favorable terms for both parties. But the pandemic has thrown a wrench into the status… Read More
By mid-March 2020, on-premises dining was restricted in 70 percent of all U.S. restaurants. Even now, the number is staggering. Customer transactions at major restaurant chains plunged 43 percent by month’s end, year-over-year. Full-service brands, devoid of a drive-thru lifeline,… Read More
Retail sales roared back in March with huge gains, fueled by the fresh round of stimulus checks and increased consumer confidence. Retail sales rose 7.4% in March from February, according to the National Retail Federation, which excludes automobile dealers, gasoline… Read More
The turbulent year that was 2020 sent many commercial real estate investors turning to more stable, secure investments. And that led many to single-tenant net-leased (STNL) properties, says El Warner. The Colliers EVP spoke to GlobeSt.com about this investment trend and more findings… Read More
The future of physical stores has been called into question by the coronavirus pandemic, but experts believe the key to survival will be reinvention. For some time now, retailers have tried to attract customers by creating experiences in store, but they… Read More
As more people receive the Covid-19 vaccine, corporate leaders and investors are asking themselves a new question: What will consumer spending look like next? About a third of the U.S. population has gotten at least one dose of the Covid-19 vaccine. Airport… Read More
As vaccinations reach critical mass, in-person retail and recreation visits are recovering more rapidly than trips to the office over the past month in the US, according to Fitch Ratings While trips to the office are sticker because they are… Read More
Pizza lovers in Houston have an entirely new delivery option the next time cravings strike: delivery by robot vehicle. Domino’s is piloting a new autonomous delivery service in the Texas city using self-driving delivery company Nuro’s R2, a completely autonomous, occupantless… Read More