Mid Atlantic Real Estate Journal (MAREJ) on LinkedIn: #marketreview #commercialrealestate #northernnj #centralnj #industrial… (2024)

How many times have I said that troubled retailer is absolutely bonkers to want to move into the residential real estate business?And have they listened to me?No they haven’t.And today (26th July) they announced they have received approval from Bromley Council to transform its Waitrose site in Bromley into a new residential community of 353 rental homes and a modernised store. JLP will develop, manage and own the homes. A start date was not specified, though the project is mooted to take ten years to complete.This is all part of the grand plan announced at the end of 2002 by JLP's soon-to-exit chair, Dame Sharon White, and CEO-for-now-but-who-knows-for-how-much-longer, Nish Kankiwala, to build 10,000 homes over ten years in a £500m JV with also troubled UK financial services giant, Aberdeen (I absolutely refuse to refer to it by its new branding).Significantly, today’s announcement sneaked in a massive retraction from this target, with a comment from James Dunne, head of operational real estate at Aberdeen, who referred to the JV delivering ‘around 1,000 new homes’. I had really hoped that recently re-employed Executive Director Peter Ruis – who I see as CEO-in-waiting (see prior posts) – would have put a stop to this madness. But it seems not.I’ve said it before and I will say it again, and again, and again until someone listens to me: JLP SHOULD STICK TO THE KNITTING!!#sticktotheknitting

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🌟 Exciting Investment Opportunity in Charlotte, NC 🌟 Aline Capital's Retail Advisory team is pleased to present the Olde Lancaster Town Center in Charlotte's Ballantyne area. Key highlights: * 43,044 SF Class A retail center in Charlotte's Ballantyne Neighborhood * Average in-place rent of $25.31/SF with market rent of $32/SF * Located in a sought-after area with a low 2.7% vacancy rate and strong market dynamics. * 6.5 Years average WALT * Attractive Assumable debt with fixed rate of 5.40%Charlotte's growth has made it a key location for retail investment, with demand continuing to rise. The Olde Lancaster Town Center's success is a testament to its appeal and potential for investors. Its strategic position in a thriving retail sector promises stability and growth. Don't miss your chance to invest in one of the US's fastest-growing areas. 🌱💼 #RealEstateInvestment #CharlotteNC #RetailOpportunity #CommercialRealEstate #AlineCapitalhttps://lnkd.in/e_hZkBQY

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Great Lunch & Learn webinar coming up next week on zoning and planning!

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Delighted to see another strong performance from our retained client The White Company and especially with specific reference to their bricks and mortar store portfolio.The Retail Bulletin https://lnkd.in/e9sytA46Since 2022, The White Company have focused once again on expanding their physical store presence. SPACE Retail Property Consultants have successfully acquired two standard format stores in Glasgow - Silverburn and Victoria Square Belfast and a further six small format stores in Farnham, Hitchin, Market Harborough, Marlborough, Ringwood and St Andrews in that time. In our experience and despite a seemingly turbulent market in some sectors, there is still value and demand in the strongest High Street and Shopping Centre locations. Best in class occupiers can perform strongly where investor landlords are prepared to work collaboratively with their occupier tenants on leasing structures that support the occupier’s business rather than overload them with fixed costs. This is especially important in new market opportunities where the occupier has no previous trading experience or history.The White Company will open its next smaller format store in Morpeth at Sandersons Arcade on the 22 May 2024.For further information on our client requirement see the attached circular or contact myself or Peter Leverett BSc MRICS MBA with details of other suitable opportunities;Josh PorterJosh.porter@space-rpc.com07823 885242Peter LeverettPeter.leverett@space-rpc.com07860 967430#Innovative #Authoritative #Friendly #Independent #Retail #Property #Advisors

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Great news for those high streets. Adapting store formats to suit smaller local markets is definitely the way forward. We all know that the more touch points customers have with a brand, the more they’re likely to spend overall. A curated range in a small store format on a demographically aligned high street is a win win and a great strategy for growth. It’s also a great strategy for the town - you can bet that once a small format The White Company store opens, other brands with a similar aspirational niche will join them. From a personal point of view, I’d love to see Knaresborough Hight Street following a similar trend. #localisation #evolvinghighstreet #curatedproductrange #thewhitecompany #propertymarket

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🚨JUST SOLD BY Robert Dowdy & William Gathercole from CBRE Asia Pacific🚨! 211 John St, Lidcombe - New Suburb Record!💎🏗🏦✅🎉🗝🔨💰💵🏦☎️CBRE Asia Pacifichas successfully sold 211 John Street, Lidcombe, a property exemplifying the successful adaptive re-use conversion into a modern warehouse and showroom space. Meticulously renovated 2,150sqm* warehouse, showroom, and office space. Situated in a prime location opposite Lidcombe Shopping Centre anchored by major brands like Woolworths, Aldi, Kmart, Anaconda, and Spotlight. Convenient access to major arterial roads and the M4 Motorway on and off ramps. The property attracted significant interest during the sales campaign, resulting in 52 inspections and multiple unconditional offers. Congratulations to our clients & to the successful purchaser!Should you have any questions relating to this transaction or would like to hear about the upcoming opportunities coming to market, please do not hesitate to contact from CBRE Asia Pacific: Robert Dowdy on0499 007 000 or William Gathercole on 0403 618 757. #cbre #EOI #justsold #result #centralwest #westernsydney #sydney#lidcombe #onmarket #campaign #freestanding #competitiveprocess#commercialrealestate #process #opportunity #location #owneroccupiers #investors #developers #privateclients #assets#assetclass #primelocation #realestate#sales #capitalmarkets #transactions #2024realestate CBRE Asia Pacific

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Big Moves in Retail Real Estate! 🏬📈Keighley's Alston Retail Park changes hands! CBRE has successfully brokered the sale of this prime 98,961 sq ft retail space to an international buyer.It's noteworthy that this isn't CBRE's first major deal this year - they're clearly on a roll with the strategic disposal of Wey Retail Park earlier in January. As property dynamics evolve, expect to see savvy investors and advisors lead the narrative, shaping the future landscape for retail parks in the UK and beyond. 🌐#RetailRealEstate #CBRE #InvestmentTrends

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A spark in the city?Yes, the national picture of Commercial high street activity is gloomy if you read reports like the recent one from RICS.However, the truth is retail units which have been vacant in Norwich are being occupied.You only have to walk through the city centre to see it for yourself.We are scooting down to Christmas giving the retail sector a boost but these aren’t pop-ups but businesses choosing to invest in opening physical stores for the long-term.Great for Norwich and shoppers and sends a sure-fire signal to investors that cities like this are the place to be.The Commercial team is busy with retail lettings - and I can tell you more are coming…#retail #shopping #business

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Join Marcum LLP tomorrow, Thursday, October 19th, for a insightful panel discussion (including our very own Director of Sales & Leasing, Michael Friedman) about the current state of the office and retail sectors of Providence real estate, and what they predict is coming for the industry.Register for the event by clicking the link below.#commercialrealestate #retailrealestate #providence #rhodeisland

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𝗧𝗵𝗲 𝗕𝗹𝘂𝗲 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼: 𝗣𝗿𝗶𝗺𝗲 𝗵𝗶𝗴𝗵 𝘀𝘁𝗿𝗲𝗲𝘁 𝗮𝘀𝘀𝗲𝘁𝘀 𝗶𝗻 𝟭𝟮 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗹𝗼𝗰𝗮𝘁𝗶𝗼𝗻𝘀If you’re looking to invest in prime UK retail property, let to strong national covenants and located in some of the UK’s strongest market towns and cities, look no further than the Blue Portfolio.With high street assets located in cities including Glasgow, Nottingham, Aberdeen, Lancaster, Leicester and Canterbury, as well as towns such as Guildford, Chelmsford, Chesterfield, Halifax, Southend-on-Sea and Worthing, the Blue Portfolio can either be purchased as one, or it can be broken into smaller packages.Tenants across the portfolio include the likes of Sports Direct, Burger King, Sainsbury’s Local, Waterstones and HMV, with all the assets situated in prominent, high-footfall locations.We’ve been instructed to seek offers in excess of £26m, subject to contract reflecting a net initial yield of 11% for the entire portfolio. Get in touch with FMX Urban Property Advisers’ Graham Fawcett and Patrick Kilvington to find out more details about the specific properties and the deals that could be done.#BluePortfolio #HighStreet #Retail #RetailInvestment #RetailNews #CRE #RetailProperty #InvestmentPortfolio #InvestmentProperty

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