Post the recent ICSC ReCon, Rebecca Wells, Executive Vice President of Midwest Retail Capital Markets at JLL shares her views on retail investment sales. The stars have aligned for extremely favorable selling conditions with market fundamentals and financing availability the best we’ve seen in years.
2014 Mid-Year Observations: Stars aligned for retail investment sales from JLL
Video may have killed the radio star, but has e-commerce done the same to your local retail establishment? Will the rise of everything from Amazon to Zappos take down the bookstore up the street, your local shoe store? Don’t bet on it. While the much-touted demise of good ‘ole fashioned “bricks and mortar” stores makes for good headlines, it’s not actually based in fact. According to JLL’s Cross Sector Outlook released… Read More
#TBT to the mall-mover, Kris Cooper and Margaret Caldwell, team back in 2004 – the year the Boston Red Sox won the World Series, Martha Stewart went to jail and Nintendo DS was released. A decade later, these two are still a powerhouse team, known for their impeccable client service, out-of-the box thinking, and international investor relationships. In 2013 alone they closed 36 deals, and 2014… Read More
LIVE FROM MBA: It ishard to believe that just seven short years ago, an economic collapse sent the U.S. debt markets into a tailspin, and the commercial real estate industry was left holding near valueless paper and underwater investments across the nation. Now, commercial property investors and lenders have a new attitude, and it seems they are just as confident as the peak market days. Industry experts attending the Mortgage Banker’s… Read More
Is equity still chasing retail deals? Are trades expected to happen in secondary markets? Will rising intrest rates have an impact retail transactions?
David Schonberger, Managing Partner at Radiant Partners, JLL retail investment sales expert Margaret Caldwell and ICSC Chairman David LaRue share what they think is on the horizon for retail investment in 2014 in the short video below.
ICSC New York Update: Retailers are growing in a calculated and cost effective way by getting creative with store footprints and locations. While their appetite for the best sites remains strong, the sought-after high-street space in the city will be limited through 2017, pushing retailers into new areas. JLL’s retail experts point to a few emerging New York… Read More
ICSC New York UPDATE: The recession took a major toll on the retail real estate sector but, despite waffling consumer confidence, the sector continues to improve. Retail now accounts for 19 percent of total U.S. investment volume year-to-date 2013. Today, JLL’s retail experts predict upwards of a 20% increase in retail transaction volume in the year ahead driven by four key forces.
1. Strengthening Fundamentals: the retail market will continue to turn around
Shopping Centers Today recently noted that international investors are jumping into the U.S. retail real estate market and are seeking two very different types of assets. Big name investors are looking for prime High Street opportunities in select cities and fortress malls, but underneath the ‘A’ properties there is a whole country full of riskier, higher-cap shopping centers, that are attracting a wave of investors targeting higher returns.
Retail transaction volume may have been down in the beginning of 2013, but now the market is busier than ever. JLL is predicting an uptick in retail investment sales by at least 10 percent in 2013, with investors who had formerly been focused on Class A properties moving up the risk spectrum to those B and C assets in search of higher yields. JLL breaks down who’s buying, where, and why.