Brick-and-Mortar Retail Just May Have a Happy Holiday

This holiday season, growing consumer trends have given the brick-and-mortar retail industry plenty to be merry about. America’s malls and department stores may enjoy an uptick in foot traffic with preliminary studies, which hinted that consumers are not only willing to spend more money, but are actually prepared to visit retail locations. E-commerce is still Continue reading Brick-and-Mortar Retail Just May Have a Happy Holiday

Retail Optimism Gets Canadian Malls into the Holiday Spirit

Canadian malls are set to have a happy 2018 holiday season with promising retail trends. Many preliminary studies suggest that consumers plan to spend more money than last year and, while e-commerce is still expected to trend upward, shopping attitudes during the holidays are driving much-needed foot traffic back into traditional retail space. In this Continue reading Retail Optimism Gets Canadian Malls into the Holiday Spirit

Lowe’s Renovates Its Retail Strategy

  Lowe’s Companies, Inc. (Lowe’s or the Company, rated A (low) with a Stable trend by DBRS) is attempting a different retail strategy to stay competitive with other home improvement and hardware companies by closing 47 locations across North America. DBRS sees little impact from this on the retail market, on commercial mortgage-backed securities or Continue reading Lowe’s Renovates Its Retail Strategy

The Fall of an Icon — Sears and the Evolution of the Great American Shopping Mall

  In a largely unsurprising move, Sears Holdings Corporation (Sears) filed for bankruptcy on October 15, 2018. Soon thereafter, the notoriously troubled franchise — which had already announced that 150 stores would close in 2018 — announced an additional two rounds of closures. The latest closures include an initial round of 142 locations, with liquidation sales expected to be Continue reading The Fall of an Icon — Sears and the Evolution of the Great American Shopping Mall

Costa-Hawkins Prevails, Securing Certainty in the Los Angeles Multifamily Market

On Tuesday, November 6, 2018, Californians took to the polls to determine the fate of Proposition 10, a statewide rent-control measure that would repeal the Costa–Hawkins Rental Housing Act (Costa-Hawkins) and allow individual municipalities to exercise more control over multifamily rental rates. The citizen-run measure was stopped in its tracks with a voting margin of Continue reading Costa-Hawkins Prevails, Securing Certainty in the Los Angeles Multifamily Market

The Great Costa Hawkins Debate: How the Los Angeles Multifamily Market Hangs in the Balance

For renters across the Los Angeles multifamily market, 2018 has been both an interesting and challenging year, with fears of wildfire damages to their homes as well as the continuing debate surrounding Proposition 10, the statewide rent control law that, if passed, will repeal the Costa-Hawkins Rental Housing Act (Costa Hawkins) and give municipalities more Continue reading The Great Costa Hawkins Debate: How the Los Angeles Multifamily Market Hangs in the Balance

Repurposed Real Estate: How Adaptive Reuse Gives Old Properties New Purpose

Teaching an old building new tricks is a growing trend in the commercial real estate investment industry. Adaptive reuse is the process of finding an older building that once served a now-obsolete purpose and renovating it to take on new responsibilities. Historic buildings, like those in the notable Distillery District in Toronto, tend to be Continue reading Repurposed Real Estate: How Adaptive Reuse Gives Old Properties New Purpose

New Construction Woes: Steel and Aluminum Tariffs Likely to Strain North American Commercial Real…

  In June 2018, the Trump Administration imposed a 25.0% tariff on steel imports and a 10.0% tariff on imported aluminum from Canada, as well as tariffs on all foreign steel and aluminum. In retaliation, the Canadian government implemented counter-tariffs of its own on steel, aluminum as well as select consumer products imported from the Continue reading New Construction Woes: Steel and Aluminum Tariffs Likely to Strain North American Commercial Real…

The Retail Crossroads: Exploring the Potential for Malls

Investment Activity Although regional malls have generated negative headlines over the past few years, the recent acquisitions of the Westfield Group (Westfield) by Paris-based Unibail-Rodamco (Unibail) and General Growth Properties (GGP) by Brookfield Property Partners (Brookfield) may signal new opportunities in the space. Unibail purchased Westfield in 2017 for $15.8 billion in a deal that Continue reading The Retail Crossroads: Exploring the Potential for Malls