Walgreens Reducing Store Openings

By Debra Hazel, GlobeSt.com
DEERFIELD, IL-Despite record sales and record store openings, Walgreens is reducing its new store openings by fiscal 2011, executives said at the company’s first quarter conference call.
Previously, the company had announced plans to reduce its planned store growth from 8% long term to 5% by fiscal 2001. That now has been [...]

Rite Aid closes more stores

By Ian Ritter , GlobeSt.com

Rite Aid

CAMP HILL, PA-Drugstore chain Rite Aid has closed 181 stores year-to-date, including 29 in its most recent quarter. Executives at the company said during their Q3 conference call to expect more of the same in the future.
Management is currently looking at its 4,900 units on a store-by-store basis, said [...]

Netleased Financing after the Near Zero Fed Rate cut!

Neil C. Efron, CCIM
10 year treasury 12-17-08: 2.12%; 1 month ago 3.38%, 6 months ago, 4.15%; 1 year ago 4.12%
5 year treasury 12-17-08: 1.21%; 1 month ago 2.41%, 6 months ago, 3.57%; 1 year ago 3.49%

Wall Street: At this point it is likely that the Wall Street conduits will be [...]

10 Reasons why Sales / Leaseback is Good

By By Donald J. Valachi, CCIM, CPA as printed in CIRE Magazine
While sale-leaseback transactions may be structured in a variety of ways, a basic sale-leaseback can benefit both the seller/lessee and the buyer/lessor. However, all parties must consider the business and tax advantages, disadvantages, and risks involved in this type of arrangement before moving forward.
In [...]

EZ Lube files for Chapter 11

Santa Ana, Calif. (December 9, 2008) From Chain Store Age: EZ Lube is the latest retailer to fall victim to the economic downturn. The company said Tuesday that it filed for bankruptcy protection in U.S. Bankruptcy Court for the District of Delaware, along with its Xpress Lube-Tech affiliate, and put the company up for [...]

Waffle House not Affected by Franchisees chapter 11

By Carl Cronan of GlobeSt.com
Tuesday, December 09, 2008 -  NORCROSS, GA-Locally based Waffle House Inc., which has 1,500 never-closed restaurants throughout half the US, does not appear to be affected by bankruptcy filings by two of its major franchisees in the Southeast. Only a few of its iconic 1,400-square-foot yellow buildings have closed since the actions [...]

Another Blow to Faltering 1031 Real Estate Industry

December 3, 2008
Mark  Heschmeyer- CoStar Group
Already stung by cases alleging massive embezzlements and a string of failures of 1031 exchange accommodators, now comes another major blow to the business of tax-free real estate exchanges. LandAmerica 1031 Exchange Services Company Inc., one of the stalwarts of the business and one that many investors turned to for [...]

It is Official- We are in a recession.

December 2, 2008
by Erika Murphy of GlobeSt.com
WASHINGTON, DC-Eighteen months into a credit freeze, the real estate industry hardly needs an official proclamation that the economy has gone into recession. Still, though, CRE–along with the rest of the nation–got one yesterday when the National Bureau of Economic Research–a private body whose sole mission is to call [...]