Expect a Brand New Retail Experience Post-COVID-19(5/29/2020)-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
Rent Deferral In the Time of COVID-19(5/20/2020)-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(5/20/2020)-Institutions and 5031’s have an appetite for acquisitions, according to one observer. The problem is debt. Though sales of net lease properties fell in the first quarter, it wasn’t for lack of interest, according to Richard T. Murphy, senior vice president of the US Capital Markets Net Lease Group at Avison Young. “A lot of
Macy’s Starts Reopening Amid Department Store Woes(5/6/2020)-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
Despite the Coronavirus, Net Lease Investors Still Have an Appetite for QSRs. Here’s Why.(4/29/2020)-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
Avison Young Brokers $5.5M Sale of 32,000 SF Industrial Asset in Whittier, California(4/28/2020)-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