The number of convenience stores across the US is on a steady uptick, according to new research, with 39 states and Washington D.C. all posting increases in 2022. The increase was fueled by an upswing in the number of single-store… Read More
CIRE Weekly
NNN Cap Rates Continue to Expand
Cap rates in the single tenant net lease sector increased for the third consecutive quarter in the fourth quarter of 2022, according to new research from The Boulder Group. Single tenant cap rates increased to 5.95%, an increase of 9… Read More
California’s Fast-Food Council Pauses
A Sacramento Superior Court judge ruled Friday that the FAST Act—legislation that would put fast-food wages in the hands of a statewide council—cannot proceed until a referendum process is completed. Late last year, the Save Local Restaurants Coalition, formed by the… Read More
Mortgage Rates and Inflation Peak
Today’s inflation data has shown that the peak growth rate of inflation is behind us. This should also mean mortgage rates have hit their highs. The key phrase I have stressed since I wrote about the case for mortgage rates… Read More
Markets and Property Type Drive Returns
A new study conducted by Archer.re and Professor Glenn Mueller from the University of Denver, Vaneesha Dutra from the University of Denver and Hany Guirguis from the Manhattan College shows that location matters for investors seeking superior risk-adjusted returns. Better… Read More
In-N-Out is Moving into TN
In-N-Out Burger revealed Tuesday that it will enter the Southeast for the first time in history. The historic concept will invest $125.5 million to build a 100,000-square-foot corporate office in Franklin, Tennessee. Construction is scheduled to start by late 2024… Read More
Shake Shack’s Drive-Thru Success
When it comes to drive-thru, Shake Shack CEO Randy Garutti said the chain is “learning at a massive clip day in and day out.” That’s because the 436-unit fast casual is still very early in its journey. There are 11 drive-thru… Read More
Court Fight Over New LA Transfer Tax
A court fight is looming between landlords and housing advocates over a new property transfer tax aimed at CRE transactions in Los Angeles. The property transfer tax, known as Measure ULA, approved by city voters in November and scheduled to… Read More
The Yield Curve Isn’t Straightforward
Watching experts trying to follow financial markets and explain what their movements mean sometimes seems like people slipping on an icy sidewalk in winter, waving their arms about as they try to maintain their balance. That dynamic came into play… Read More
Outlook for REITs in 2023
In 2023, the U.S. economy will continue to be marked by mixed economic growth results, waning job gains, elevated inflation, and higher interest rates. The confluence of these factors has resulted in increased uncertainty surrounding the economic outlook. In November… Read More