Alan Crittenden, who founded the Crittenden Report and related real estate conferences, passed away May 7 from complications related to Alzheimer’s disease at his home in San Diego. He was 81. In 1972, Crittenden founded the Crittenden Report, a newsletter that covers commercial real estate financing. It was originally a marketing tool designed to support More
Look for all types of lenders to seek retail deals throughout the rest of the year. Retail is stable and many consumers have returned to brick-and-mortar retail stores. Retail vacancies are at an all-time low and the lack of new development set to come online will continue to drive demand, as well as lead to More
Retail borrowers will see more available capital as lender appetite will be stronger this year. Many point to retail as a top asset class since multifamily and industrial both face some hurdles. Lenders are confident in the fact that rents have been up across the board. Retail has seen an increase in rents and decrease More
A commercial real estate investment company local to Southern California has recently expanded their portfolio in Orange County. Wood Investments Companies, Inc., which specializes in retail real estate, acquired a 25,500-square-foot retail space in San Clemente California. The tenant currently occupying the newly acquired space is The 99 Cent Store. This was an off-market transaction with a purchase price of $6.95 million. A notable feature of this specific location is the high visibility it has from the nearby freeway. More
The sale of Coleman Marketplace, a 202,578-square-foot super-regional retail center in Danville, Virginia, has been completed, according to a statement from JLL Capital Markets. The seller, Trimont Real Estate Advisors, was represented by JLL. Tenants in Common co-owners JMV SPE, LLC, CV SPE, LLC, and CAF2 SPE, LLC were the buyers, and PECK Properties, LLC represented them in the transaction. More
The Museum of Illusions in Las Vegas is set to open in the middle of this month. The museum is a must-see attraction for people of all ages, and the Las Vegas location is the biggest Museum of Illusions in the world. It has more than 15,000 square feet of space and over 80 mind-bending More
There is plenty of available capital for retail, although there is still a flight to quality in the sector. Lenders will be cautiously optimistic, especially since retail is seeing low vacancies across the country as inventory is tight, which is driving rents up. Many lenders are also full on multifamily and industrial, and retail is More
Total retail sales growth in the second quarter of this year were 3.8%, which was well below the five-year quarterly average of 7%, according to CBRE research. Experts note this could be a sign that falling consumer sentiment is beginning to affect retail sales. But retail sales did rebound in June to 1% after increasing More
