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A 13,824-SF Net-Leased Property Trades For $7.3 Million In Naples

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of CVS, a 13,824-square foot net-leased property located in Naples, Fla., according to Ryan Nee, vice president / regional manager of the firm’s Fort Lauderdale office. The asset sold for $7,300,000. Continue Reading…

Scrapped Rite Aid-Albertsons Merger, Mattress Firm’s Financial Struggles Could Lead to Thousands of Vacancies

Developers Are Already ‘Salivating’, One Broker Said

Thousands of retail properties could become prime targets for redevelopment if Rite Aid and Mattress Firm close stores. Some analysts raised questions about Rite-Aid’s future this week after the drug store and grocer Albertsons scrapped their proposed merger. It follows recent announcements by financially struggling Mattress Firm that it would continue to close many of its 3,000 stores across the country. An analysis by investment banking company Morgan Stanley suggested that the struggles of both companies could have “broader implications” for real estate investment trusts that operate strip malls if one or both companies close stores. Continue Reading…

Amazon and Whole Foods Bring Delivery Service to South Florida, New York Markets

Retail Giants to Add More Markets Across US in 2018

Prime members can shop for produce, meat, seafood, bakery items and other products from Whole Foods Market at primenow.com or by using the e- retailer’s  Prime Now app. Some alcohol also is available for delivery.  Amazon and Whole Foods Market announced Tuesday the start of home delivery service for natural and organic products through Prime Now, launching the service in South Florida and parts of New York.  Continue Reading…

Publix: Where Real Estate Investing is a Pleasure

Publix Super Markets isn’t just one of the nation’s top grocery chains, it’s also becoming a major real estate investor, buying up its own stores and self-anchored shopping centers when they hit the market.  Continue Reading…

Net Lease REITs Continue to Favor Dollar Stores

They aren’t sexy, but they are stable. Dollar stores—buoyed by budget-cutting consumers and largely insulated from the rise of e-commerce—are small, but mighty workhorses for some REITs. Continue Reading…

Stiles planning downtown Fort Lauderdale redevelopment

The Stiles real estate firm is moving forward with plans to redevelop a stretch of downtown Fort Lauderdale with residential units, retail and a 25-story office tower. Continue Reading…

Net Lease Research 2018, Part 3: Dollar Stores Remain Strong, Convenience Stores Struggling

Dollar stores—buoyed by budget-conscious consumers and largely insulated from the rise of e-commerce—have become a popular bet for some net lease investors. Continue Reading…

Marcus & Millichap Arranges the Sale of a 34,100-Square-Foot Retail Property for $11.8 Million

TAMPA, Fla., Dec. 27, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Shoppes of South Dale, a 34,100-square-foot retail property, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $11,800,000. Continue Reading…

‘Grow Your Restaurant’ Podcast: Barry Wolfe of Marcus & Millichap

In this episode, Barry Wolfe, senior managing director, investments of Marcus & Millichap’s Wolfe Retail Group, joins us to discuss site selection, real estate trends in the restaurant industry, and more. Continue Reading…

Net Lease Research 2018, Part 3: Dollar Stores Remain Strong, Convenience Stores Struggling

Dollar stores—buoyed by budget-conscious consumers and largely insulated from the rise of e-commerce—have become a popular bet for some net lease investors. Continue Reading…