Avison Young’s Jonathan Hipp on why now is the time to strike, as a critical July 15 deadline nears.…
Why Time’s A-Wastin’ for 1031 Exchange Buyers
cpexecutive.com
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Why More QSRs Will Consider Smaller Footprints Post-COVID-19
cpexecutive.com
Smaller dining spaces create new opportunities for both property owners and tenants, according to Chris Maling of Avison Young.…
Expect a Brand New Retail Experience Post-COVID-19
GlobeSt.com
Change, rather than tolling the death knell for the sector, is exactly what will keep retail alive and vibrant.
It seems that the retail sector can’t catch a break. It was just a few years ago that people—otherwise in the know—were predicting the fall of brick-and-mortar at the hands (or should I say fingers?) of internet shopping.…
Overlooked Net Lease Categories That Are Still Doing Well
GlobeSt.com
Besides the obvious categories, there are also other net lease winners that are performing well—some of which are even seeing stronger consumer activity than pre-crisis.
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Rent Deferral In the Time of COVID-19
Commercial Property Executive
When it comes to tenants that cannot pay rent, owners need to apply empathy as well as solid legal counsel, according to Jonathan Hipp of Avison Young.…
Credit Unions Want to Finance Net Lease Deals
GlobeSt.com
Institutions and 5031’s have an appetite for acquisitions, according to one observer. The problem is debt.
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Net Leased Pharmacies, Dollar Stores Perform Well Despite Pandemic
Commercial Property Executive
Avison Young’s first-quarter report on the net lease retail sector shows how COVID-19 has hit different businesses, including casual dining, QSR, dollar stores and pharmacies.…
Macy’s Starts Reopening Amid Department Store Woes
Commercial Property Executive
The chain is welcoming shoppers to 68 locations this week. How will the department store format fare amid the pandemic’s challenges?
Macy’s Inc. will kick off a phased reopening today, welcoming shoppers into 68 stores in states that have begun to ease retail restrictions. The department store chain plans to reopen stores with reduced hours in Georgia, Oklahoma, South Carolina, Tennessee and Texas, which are allowing select businesses to restart after the coronavirus outbreak prompted sweeping closures across the U.S.…
Despite the Coronavirus, Net Lease Investors Still Have an Appetite for QSRs. Here’s Why.
GlobeSt.com
Despite the fact that national QSR chains are reporting an average dip in sales of about 25% in the coronavirus, their NOIs have not changed significantly.
Quick service restaurants continue to remain resilient during the COVID-19 pandemic. While overall sales are down across all dining sectors, QSRs have been the most popular restaurant choice for consumers looking to feed their families at a reasonable price during this challenging time.…
Avison Young Brokers $5.5M Sale of 32,000 SF Industrial Asset in Whittier, California
WHITTIER, CALIF. — Avison Young has arranged the sale of an industrial building located at 8155 Byron Road in Whittier. The undisclosed seller sold the asset to a private buyer for $5.5 million.
Built in 1974 on 1.5 acres, the 32,000-square-foot property includes 3,000 square feet of office space, 16 parking spaces, two roll-up doors and 20-foot to 22-foot clear heights. The seller is a company that manufactured racking systems for the grocery industry and vacated the property prior to escrow. The buyer intends to use the building for its business.…
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