The Commercial Real Estate Blog Sphere News And Articles #10 – Circuit City Takes the Lead And CAP Rates Creep Up0
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Greetings from the birth place of Santa Claus….Cedar Crest, NM!
Heading into the climax of the year…..nothing surprises me anymore. Another bank closure….commercial real estate developers want a piece of the bailout action….Santa Clause gets 
laid off. No surprises here. But what is a surprise is Detroit Lions have yet to win a game. And….Sam Bradford and Oklahoma Sooners are headed to the BCS Championship. Who said College Football is not POLITICAL…how else did Oklahoma end up there?
So…in other not surprising news….Circuit City leads the way into the depths of retail hell. Check out this article HERE where Circuit City takes the position of the drowning rat…while others stand in line and watch before it is their turn. Read this snippet:
“But the issue is much bigger than Circuit City’s leases. Many retailers are suffering sales declines, closing stores and slowing the pace of expansion. That’s creating a lot of excess space along with a shortage of potential replacements. While some segments of the retail industry are still growing—most notably discounters and grocers—there isn’t enough overall demand to absorb the space that’s coming to the market right now; especially in the mid-size big boxes Circuit City inhabits, notes Andy Graiser, co-president of DJM Realty, a Melville, N.Y.-based real estate disposition and restructuring firm that is handling Circuit City’s portfolio. As a result, failed auctions of excess retail space could become a common occurrence next year, according to Graiser.”
Also….as things get worse….watch the CAP rates creep up. Check out the CAP rate chart HERE. How high do you think they will go? Are you buying or running? The opportunities are getting better and better if you know what you are doing. What are you going to do?
More Commercial Real Estate News from the Blog-O-Sphere…..
| Memphis Daily News – Commercial Real Estate Sales Down 18 Percent – A familiar theme in the commercial real estate market continued in November as a couple of high-dollar transactions kept the month out of the doldrums. Not surprisingly, though, those numbers didn’t do much to salvage an otherwise …
New York – Yes, Commercial Real Estate Diving Too – Runnin’ Scared … – You know the bad news is coming, and you can’t do much about it. That must be a familiar feeling for the pashas of the New York City commercial real estate market. Along those lines, a new report by Real Capital Analytics says 32 … Realty Times – Market Conditions – With more job losses and worries over the economy, the National Association of Realtors is reporting that investment activity in commercial real estate is at a standstill. Lawrence Yun, NAR chief economist, noted, “Although access to … O.C. real estate/finance jobs near 5-year low – Lansner on Real … – 9 Responses to “O.C. real estate/finance jobs near 5-year low”. Bill Says: December 23rd, 2008 at 5:44 am. I bet this will be shock”g”ing news to all the realtors in here! 38100 more homes due to foreclose. NationalBubble.com Says: … REIT Wrecks: The Economics of the Coming Commercial Real Estate … – Both Bloomberg and the Wall Street published stories on Monday warning of increasing trouble in the land of commercial real estate. It’s going to be pretty bad, there’s no doubt about it. But why is it bad and who is it really going to … |
Until next time…..rob
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