Yup. The SuperCenter type stores were already going smaller because of better distribution channels. But now we're hearing more and more about smaller store formats. Here's David Bodamer's post on the topic.
This is one reason . Good old vernal pools, those puddles that emerge in the spring and bring life to rare species of plants, and yes, even shrimp. I think an average house in America's Finest City is over $700K these days. Granted, there are other reasons for expensive housing, but CEQA is one reason for sure.
...but when I have something to say I will write from time to time. The problems at chains such as Sears, Penney, Best Buy (and maybe Target down the road) will bring on some interesting times, and may bring down a whole boatload of regional malls in the next few years. I expounded just a little on Elaine Misonzhnik's nicely-done story at my Facebook page . Could this be the first domino for all kinds of other national retailers? I hope all is well with each of you!
For you beginners, what is a deed in lieu? It is shorthand, and if you add the last two words of the phrase, you ought to get the picture: "in foreclosure." In other words, the borrower is giving the property to the lender because it can't make the loan payments or refinance the property. These deals are often very heavily negotiated and can get ugly. Here's an example from Forbes, via The Real Estate Bloggers . It appears Harry Macklowe has reached a tentative deal to give back seven New York buildings he bought for $7 billion (no misprint) to his lender, Deutsche Bank, which holds the $5.8 billion mortgage. Is this deal part of the commercial credit crunch, an indicator that prices are plummeting, a sign that Macklowe overpaid, a combination of events or something else? I have an opinion but will sit on it for now.
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