Year: 2023

04/14/2023 Amazon CEO Addresses Grocery Brick-and-Mortar Need On Thursday, Amazon CEO Andy Jassy wrote a letter to Amazon’s shareholders discussing various aspects of the company including the direction it will take its grocery business. “While we’re pleased with the size and growth of our grocery business, we aspire to serve more of our customers’ grocery […]

The single tenant NNN real estate market is changing rapidly which presents both challenges and opportunities for buyers and sellers. Understanding the current market conditions is critical for investors looking to capitalize in today’s market whether you’re buying, selling, refinancing, or adjusting your expected hold period. Demand for NNN properties remains strong, however overall velocity […]

One of World’s Largest Facilities Leases Space in Former Saks Off 5th in Connecticut A rendering depicts the exterior of Pickleball America facility planned for a former Saks Off 5th store at a mall in Stamford, Connecticut. (Houlihan Lawrence) By Linda Moss CoStar News April 6, 2023 | 4:53 P.M. Pickleball courts, used in the nation’s […]

Three Failures Are Expected To Affect the Property Industry and Broader Economy, Professionals Say The collapse of Silicon Valley Bank will lead to further tightening of lending standards, real estate professionals say. (Getty Images) By Ryan Ori and Mark Heschmeyer CoStar News March 16, 2023 | 4:20 P.M. The collapse of three U.S. banks means that one of […]

February 2023 Results & Trends U.S. retail sales in February were down 0.4% from the prior month but increased 5.4% from a year earlier, the Commerce Department reported. (Getty Images) By Lou Hirsh CoStar News March 15, 2023 | 5:31 P.M. Retail Sales Decline February’s U.S. retail sales declined 0.4% from the prior month but showed […]

Available Retail Space Is Getting Harder To Find in Both Small and Large Size Formats Last year, convenience store chain 7-Eleven opened its first Laredo Taco Co. drive-thru restaurant in its hometown of Irving, Texas, sharing space with one of its new 7-Eleven Evolution stores. (7-Eleven) By Brandon Svec CoStar Analytics March 15, 2023 | 2:11 […]

Retailer Plans To Open Nearly a Dozen Small-Format Stores in Second Half of Fiscal 2023 The Container Store opened its first small format store in September, in Colorado Springs, Colorado. The store has exceeded the sales expectations of executives. (The Container Store) By Candace Carlisle CoStar News February 10, 2023 | 5:44 P.M. The Container Store […]

Company Boosts Hiring While Expanding Openings Chipotle Mexican Grill’s plans also include ramping up expansion in Canada and Europe. (Chipotle Mexican Grill) By Lou Hirsh CoStar News February 7, 2023 | 6:48 P.M. Chipotle Mexican Grill plans to capitalize on rising sales by ramping up restaurant development and hiring, with plans to open between 255 and […]

Electrify America Charging Stations Set for 200 TravelCenters of America Locations TravelCenters of America plans to install Electrify America electric vehicle charging stations at 200 locations in the U.S. (TravelCenters of America) By Andy Peters CoStar News January 31, 2023 | 3:45 P.M. TravelCenters of America will install Electrify America-brand electric vehicle chargers at 200 locations […]

Growth Turns Negative Across All Asset Types Except Land, CoStar Data Shows Apartment property sales weighed heavy on pricing in December. (Getty Images) By Mark Heschmeyer CoStar News January 27, 2023 | 5:59 P.M. Commercial real estate sales price growth slowed across all property types last year, with the cost of assets except land falling in […]