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
13
Feb
2009
Dealerships Going Dark, Who Is To Blame?
Tags: Appraisal, Auto, auto dealership, auto malls, banking, Banks, Broker, Brokers, Cadillac, cadillac dealership, Chevrolet, city neighborhoods, Closing, Costar, Dealership, Economics, Economy, Ford, general auto, Honda, Industrial, Jobs, kuni cadillac, Layoffs, losing ground, marketing tool, mercedes benz, multnomah, News, Oregon, oregonian, PGP Valuation, porsche audi, Portland, portland metro area, profit center, Property, Recession, Retail, Sales, showrooms, southwest washington, three counties, Toyota, tri county area, Unemployment, Vacancy, Vancouver, Washington, washington counties, weeding
Many auto dealerships are going dark; over 21 in 2008 according to The Oregonian. In 2009 in the Portland Metro area alone we have seen some big names fall to darkness, most notably the Kuni Cadillac dealership that was located in Beaverton. For an auto dealership, the trade area expands beyond the immediate market area. [...]
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
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 [...]