A look at capitalization rates the past few months may leave you wondering where the value in your property has gone. Many property owners are sitting on properties that have lost 10 to 15 percent of their value in the past year. Chris Rodriguez of Retail Chatr stated it best in his recent article on [...]
Archive for January, 2009
Circuit City vs. Best Buy
Circuit City lost its battle with the recession early in the game and was forced into chapter 11 even after the initial closing of 155 poorly performing stores across the Midwest. With a lackluster showing of buyers to purchase existing leases and bleeding capital at the seams; no other choices were left but to close [...]
Consumer confidence and its intrinsic relationship with retail
Consumer confidence is at a 40 year low of 37.7 in January of 2009 compared to 87.3 in January of 2007. A little background on consumer confidence: the index started in 1967 and was at 100 in 1985. What does this all mean for the retail industry? Consumer confidence is intrinsically tied to retail. It’s [...]
GVA Williams Re-Brands as FirstService Williams
On September 16, 2008, GVA Williams and FirstService Corporation (NASDAQ:FSRV; TSX:FSV) entered into a definitive agreement for FirstService to acquire an interest in the New York-based, full-service commercial real estate firm. The firm announced today that it will be renamed FirstService Williams.
The partnership with the FirstService Corporation not only lends global reach, but significantly enhances [...]
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