Notable Mentions

Net Lease Breaks Tradition with the Typical CRE Summer Slowdown

GlobeSt.com

Summertime generally means hot weather and time off. For commercial real estate, summertime can also mean transactional slowdowns. While technology helps move contracts and closings along, the consensus is that buying and selling becomes a trickle between Memorial Day and Labor Day.…

Amanda WillisNet Lease Breaks Tradition with the Typical CRE Summer Slowdown

What’s Up In The Real Estate Market…

Delray Newspaper
Boca-based Rosemurgy Properties acquires new assets

Rosemurgy Properties recently acquired two new retail assets. One is a 14,750-square-foot CVS Pharmacy located at 4191 West Indiantown Road in Jupiter. The second a 2,150-square-foot Starbucks Coffee at 2209 SW Gatlin Boulevard in Port St. Lucie that opened in Feb. 2018.…

Amanda WillisWhat’s Up In The Real Estate Market…

What Happened To Net Lease Over The Last Quarter?

GlobeSt.com

Cap rates overall have seen an up-tick, but at a manageable pace, while core assets continue to trade at historically aggressive pricing

ap rates are beginning to move, the average cap rate for single tenant net lease (STNL) properties rose 17 basis points from Q1. The major driver of this movement was a change in the types of leases, with more double-net leases closing during Q2. The pharmacy and automotive sectors had the largest uptick in cap rate. This is the third straight quarter over quarter gain in average cap rate.…

Amanda WillisWhat Happened To Net Lease Over The Last Quarter?

Did Amazon’s Acquisition Of Whole Foods Alter The Net Lease Grocery Sector?

GlobeSt.com

While the grocery industry is undergoing changes in tenant mix, technology, and customer trends, the acquisition of Whole Foods by Amazon did not have a noticeable effect on grocery sector.

It was big news when Amazon announced they were buying Whole Foods. Amazon was expected to ramp up their fresh food and cut prices in Whole Foods. Speculations about what this meant for the internet giant and future of the grocery industry ran wild. We wanted to look at a few measurable effects in the net lease market in the 12 months before the announcement of the acquisition and from …

Amanda WillisDid Amazon’s Acquisition Of Whole Foods Alter The Net Lease Grocery Sector?

Is The Rite Aid-Albertson’s Merger In Trouble?

GlobeSt.com

The proposed merger has been met with mixed reactions. Find out what it means to net lease investors.

Rite Aid has been an interesting tenant to follow over the last few years. Walgreens and Rite Aid entered into a merger agreement in October of 2015 before terminating the agreement in June of 2017 over mounting doubt the FTC would approve the action. Walgreens and Rite Aid announced a replacement to the deal whereby Walgreens would acquire 2,186 stores from Rite Aid for $5.175 billion. In September, this was amended to 1,932 locations at $4.375 billion. The agreement closed this past …

Amanda WillisIs The Rite Aid-Albertson’s Merger In Trouble?

Calkain Opens Office In New York City

GlobeSt.com

The company has hired Michael Heneghan to open and run the office.

HERNDON, VA–Calkain Cos. is expanding to its sixth location, this time in New York City.

It has tapped Michael Heneghan, who was Senior Vice President – Investments at Vereit/American Realty Capital Properties, to open and run the new office.

Amanda WillisCalkain Opens Office In New York City

Plenty of Capital Flowing into Retail Property, says RECon Panel

Shopping Centers Today

Shopping center owners are having no trouble financing their properties, despite some of the negative commentary swirling around the retail industry, RECon panelists said Monday. “It’s a great time to be a borrower,” noted Michael Phillips, a managing principal at Lubert-Adler Partners.

Amanda WillisPlenty of Capital Flowing into Retail Property, says RECon Panel