Friday Feels February 23

The biggest news this week stems from the Albertsons/Rite Aid merger. After the Walgreens merger fell through back in September, 2017, this is big news for the grocery giant.

A merger of this size, “The integrated company will operate approximately 4,900 locations, 4,350 pharmacy counters and 320 clinics across 38 states and Washington, D.C., and service more than 40 million customers per week.”, will surely be a game changer for both the pharmacy and grocery industries. This deal is expected to deliver in Q3 or Q4 of 2018.

Albertsons merging with Rite Aid

Grocery chain Albertsons to acquire Rite Aid

Grocery Giant Albertsons To Buy Remaining 2,500 Rite Aid Drugstores

Rite Aid’s PBM Becomes More Attractive Under Albertsons

Developer: Albertsons-Rite Aid deal is good for future of retail

Below are a few articles that I found interesting this week both locally and on a national scale:

DFW Retail Is Alive And Well

https://www.dallasnews.com/business/real-estate/2018/02/22/top-turtle-creek-development-site-eyed-hotel-residential-office-project

Declining Occupancy, Rent Growth Spreading to Top Tier of Best-Located US Retail Properties

Allen Premium Outlets to add H&M and Armani in expansion

Report: Toys ‘R’ Us to close more stores

Foreign investors who pledged millions are worried about Frisco’s Wade Park woes

Former credit union on Dallas’ Ross Avenue to become 300-unit apartment project

8 FAST PIZZA CHAINS THAT ARE TAKING OVER AMERICA

Niche retailer ramps up expansion in 2018

Entertainment Complex Serves Up Tenant Success

Drummer Turned Developer: John Kirtland and the New Cambria Dallas Downtown

Equinix Buying 1.6M SF Infomart Data Center From ASB Real Estate Investments

SkyHouse Breaks Ground At Frisco Station

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

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Friday Feels February 16

New York – An improving economy and tax changes should help retail sales increase 3.8 percent to 4.4 percent this year, an industry trade group said Thursday.

The National Retail Federation’s forecast for 2018 comes after retailers saw the biggest sales increase since 2010 over the recent holiday period.

Low unemployment that means more competition for workers, as well as the tax changes, have led several companies to offer bonuses or raise wages. Retailers like Walmart, Best Buy and Lowe’s have done that so far, and more details about how retailers will use their tax savings may come as they report fourth-quarter results.

Retail group: Annual retail sales to rise 3.8 to 4.4%

Below are a few articles that I found interesting this week:

Can Amazon Take Dallas To The Big Leagues?

Fehmi Karahan on the Next Legacy West

The Future of Shopping Centers

New apartment tower will be Frisco’s tallest building

Warby Parker to have nearly 100 stores open by year-end

Hillwood Opens Master-Planned Community in Celina

UnitedHealth, Walgreens Partner To Put Urgent Care Next To Pharmacies

JC Penney to close Wisconsin facility, eliminating 670 jobs

H-E-B is bringing curbside pickup to Central Markets in Dallas-Fort Worth and across Texas FILED UNDER

Denton to Become America’s Largest ‘Green Power’ City

Amazon reportedly launching a delivery service for businesses; FedEx, UPS shares slide

Is Fort Worth ready to shell out $250 million to rechannel the Trinity River for an 800-acre island?

 

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

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Friday Feels February 9

“January was the 88th consecutive month of job gains with over 200,000 jobs created. Unemployment remained at 4.1%, the lowest since 1999.”

As employment rates go up and wages continue to rise, we are seeing more capital going back into the retail sector, especially here in DFW. As investors, we like to see more money being spent as this will increase our tenants sales, our rents, and ultimately bring a higher sale price when the time comes.

Our clients are asking, are shorter term leases better because of this? Is now the time to sell? Should we restructure and hold? Give me a call and I will walk you through what we think the short-term holds for investors!

See the article below written by the Marcus & Millichap research team for a more detailed look into how rising wages will affect Commercial Real Estate Demand:

Rising Wages Set the Stage for Economic Acceleration, Expanding Commercial Real Estate Demand

Employment Research Brief- PDF

Below are a few articles that I found interesting this week:

Retail jobs up by 11,000 in January

Kale to Go: Amazon to Roll Out Delivery at Whole Foods

Retail Industry Expects More Sales Growth In 2018

Dunkin’ Brands has big expansion plans

Shopping center rents, income and occupancy rose in 2017

Dallas-area developers are waiting for Amazon to call

Growth Leads To Yet Another Development

Kroger to sell convenience store business in $2.15 billion deal

A Once Controversial Development Gets Another Chance in Plano

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

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Friday Feels February 2

As January comes to a close, we have seen a solid run for retail thus far in 2018. DFW is off to an incredibly hot start this year with a ton of expansion either under development or with Texas Sized plans to get underway!

Below are a few articles that I found interesting this week:

Retail REITs turn in solid performance, report shows

Dallas is best place for Amazon’s second headquarters, Wall Street Journal says

Riverfront project in the works would link downtown Dallas, Uptown to the Trinity River

How DFW’s $23B construction pipeline is geared up for further growth in 2018

Dallas Metro Leads Country in New Apartments

Dallas Terminal Renderings, Maps Released in Bullet Train Project

Scheels to join NFM in The Colony

Chipotle’s brand perception is worse than during the 2015 food-safety crisis

H&M’s Store Closure Plan Raises Doubts on Sales Revival

Keurig Green Mountain is merging with Dr. Pepper Snapple

Hospital Mergers Jump 13% As CVS And Optum Enter Their Markets

Report: Nine West close to filing for bankruptcy

Casey’s explores buying Kroger convenience stores valued at $2 billion amid pressure from activists

7-Eleven completes purchase of 1,030 Sunoco stores after FTC review excludes 59 FILED UNDER

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Marcus & Millichap and Tim Lepore are not affiliated with these organizations.

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