Unless you have been living under a rock for the past year, you know we are in a recession. This recession has impacted everyone from the average Joe to leaders of fortune 500 companies. We know that the recession has hit retailers hard; but how bad is this situation affecting landlords?
Many retailers are searching for [...]
13
Feb
2009
Renegotiate or Terminate, A Look At Landlords vs Tenants
Tags: Bankrupt, Closing, Commercial Real Estate, Costar, drop in the bucket, economic downturn, Economics, fishing expedition, form letters, fortune 500 companies, Gap, hottest thing, laundry list, Leases, legitimate problems, mary lou fiala, merit consideration, national retailers, national shopping center, Office, pardy, personal letters, PGP Valuation, Property, property management firms, quarterly conference, Recession, regency centers, rental assistance, Retail, Sales, title waves, weeding
06
Feb
2009
PGP Valuation – Portland – Retail Newsletter 1Q 2009
Tags: Bankrupt, Banks, Broker, Brokers, CAP Rates, Circuit City, Commercial Real Estate, Costar, PGP Valuation, Recession, Retail, Taxation, Valuation
PGP Valuation Inc is proud to bring you a Retail Newsletter for the first quarter of 2009. This four page newsletter talks about the economic market and its effects on the retail industry in the northwest and nationally.
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29
Jan
2009
Circuit City vs. Best Buy
Tags: Bankrupt, Best Buy, Circuit City, Closing, Commercial Real Estate, CompUSA, Job Loss, Recession, Unemployment
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 [...]
29
Jan
2009
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 [...]