Toys R Us Announces Plans to Shutter 180 Stores, But Are More Closures on the Horizon?

Written on January 25, 2018 at 12:47 PM
Toys R Us is planning to shutter  roughly 180 stores   across the country, or about one-fifth of its U.S. store fleet, in a bid to restructure the company and emerge from bankruptcy protection. But some industry experts are predicting this to be the first phase of a more robust real estate clean up effort. Closures are set to begin in early February and run through mid-April of this year,  and locations  range from cities in New York and New Jersey to California. Here's a map of where Toys R Us stores are going dark from CNBC.  Toys R Us is planning to co-brand some of its other stores to include both Toys R Us and Babies R Us, the company said, as it also invests in revamping the retailer's loyalty program and improving the online shopping experience.
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Categories: Big Box, Real Property, Retail

Amazon Reveals Top 20 Finalists for HQ2

Written on January 18, 2018 at 10:06 AM

Narrowing the field from more than 238 applicants, Amazon has announced their top 20 candidates for its second headquarters. When the unusual public contest was announced in September, city officials from across North America submitted proposals boasting potential tax breaks, local benefits and opportunities in an effort to win the $5 billion construction investment and 50,000 new jobs for their city.  The list of finalists leans toward locations in the Midwest and South and on the East Coast, and away from the tech-saturated hubs of the West Coast. Many of the finalists, including Dallas, Denver, Raleigh, N.C., and Washington, were considered shoo-ins. More unexpected was Amazon’s selection of Columbus, Ohio; Indianapolis; Nashville; and Miami. 

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Categories: Office, Retail

NREI: 4 Predictions for the Industrial Market in 2018

Written on January 15, 2018 at 03:28 PM
  1. Industrial activity will continue to thrive. There is no indication of a slowdown in this sector for 2018, says Peter Muoio, chief economist at Ten-X. During the latter part of 2017, new demand drivers, including e-retail warehouse distribution and fulfillment space, cloud computing and facilities for legalized cannabis, supported much of the demand in the segment. However, Muoio expects there to be an increased demand from traditional users of industrial space, such as industrial production companies. 
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Categories: Industrial, Industrial & Manufacturing, Retail, Warehouse

Which CRE Sectors Will Benefit the Most from Tax Reform in 2018?

Written on January 08, 2018 at 12:29 PM

The commercial real estate industry will benefit as a whole from the tax code overhaul signed into law Dec. 22. But some sectors will benefit more — and sooner — according to top economists polled in a Bisnow article. 

  • Retail: The retail sector will likely be the biggest beneficiary, Colliers Chief U.S. Economist Andrew Nelson said, because of the lowering of the corporate tax rate. The tax reform law reduces the corporate tax rate to 21% from 35%, but because of deductions, not all types of businesses had effectively paid that same higher rate. "Retailers traditionally pay a high corporate tax rate because they don't have the same kind of deductions as other sectors," Nelson said. "When you lower the corporate rate overall, retailers tend to benefit a lot." 
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Categories: Office, Hospitality, Retail, Multi Family

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