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Real Estate Economy

Nontraditional Retail

April 13, 2011

I hope everyone answered NO!  While the answer maybe be a resounding NO from me maybe I am being too harsh.  There was an article in the Times heralding the recovery of many of the empty Blockbuster stores which have been released.  What I found ironic about the article is the merit they added to [...]

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From Out to More!!??..

March 19, 2011

There is a debatable trend going on, a welcome shift in retail tenant thinking since the recession. Instead of concentrating on getting out of leases, says David Henry, president and CEO of Kimco Realty, retail tenants are considering expansion. That and other changes in fundamentals are giving the sector a significant boost. "With virtually no new development [...]

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Retail in Japan

March 18, 2011

With all the horrible devastation in Japan I can not imagine how anyone is managing.  Retailers across Japan are dealing with the effects of a massive earthquake, a tsunami and ongoing temblors. Several stores announced that they will reduce hours of operation to cooperate with planned power outages. Consumers rushed to gather necessary food, prompting [...]

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Sales Up 24% for Ohio Company

February 11, 2011

Some more good news for Ohio – especially with all the bad news we keep hearing!  STC is reporting that; U.S. same-store sales for January rose an encouraging 4.8 percent year on year, according to ICSC’s index. Apparel stores and wholesale clubs were particularly healthy, rising 10.9 percent and 8.3 percent, respectively. Limited Brands topped [...]

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The Chinese Have Everything

February 10, 2011

Its official!   According to the BBC, "China is close to becoming the No. 1 luxury goods market in the world.  It is already the biggest marketplace for cars and mobile phones, China could attain that position as early as 2014 or 2015". Aside from obvious luxury – the city Chengdu is going to be the [...]

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Housing Up!

February 8, 2011

The estimate for 2011 is that housing sales are going to increase 20% from 2010!  That is great news for everyone. Commercially there are positive estimates too – just not as strong as 20%.   Fingers crossed!

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Some Good Economic New

January 25, 2011

Hallelujah Hallelujah Hallelujah Some VERY good news my friends, very good, very good!   Our friends from The Bloomberg News are reporting that the economy LIKELY accelerated in the 4th quarter of 2010; "Economists predicted that a surge in the fourth quarter likely helpepd the economy expand more quickly than in previous quarters.  Gross domestic product [...]

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Are Home Sales THAT Bad?

January 21, 2011

WRONG WRONG WRONG!  They really are not THAT bad.   I was reading my Crain's Cleveland Business News last night and was a little surprised by the article, "Ohio Home Sales in 2010 Decline from Weak 2009 Levels".  The article says that; In the region the association calls the Northeast Ohio Real Estate Exchange, or NEOHREX, there [...]

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Of Course They Are!

November 18, 2010

Wal-Mart is said to have joined the group of retailers seeking to buy Indonesian retailer Matahari's hypermarket business. The world's No. 1 retailer is reported to have hiredBarclays Capital to advise it in the transaction.

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Downward WOO HOO!

November 16, 2010

It might not seem huge but it is!  The U.S. retail vacancy rate declined to 7.3 percent in the third quarter from 7.4 percent at midyear, according to CoStar Group, as almost no new space is being built. Retailers leased some 12.9 million square feet in the 62 largest U.S. markets, marking the fifth consecutive [...]

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