In a recent article by Bloomberg titled ‘Starbucks Pushing Landlords for 25% Cut in Cafe Rents‘ Starbucks is still trying to cut operating costs. Their business model is changing and they no longer can sustain paying outrageously high rents and still turn a healthy profit. When their profits dipped down 69%, they began laying as [...]
29
May
2009
Starbucks, Still Fighting To Stay Above Water
Tags: Banks, Closing, Commercial Real Estate, Economics, Economy, News, Recession, rents, Retail, Sales, Starbucks, Vacancy
23
Apr
2009
Manufactured Home Community Market at a Glance…
Tags: affordable housing, Appraisal, Banks, cmbs market, collapse, Commercial Real Estate, credit crunch, liquidity, manufactured housing, PGP Valuation, rents, Unemployment
A lot has changed in the past 12 months. A new president and a shift in the policies of Washington. The S&P fell 40% and then rebounded 25% in the last month. The Phillies win a world series; although the curse of the Billy Goat lives on in Chicago.
Unemployment has reached a level not seen [...]