Hiring allows spending to elevate and broaden. Overall retail sales climbed by triple the pace of CPI inflation last month, up 1.3 percent. This indicates that spending improved in real terms. Expectation-exceeding October job creation that pushed the national headcount to 800,000 positions above the pre-pandemic mark partially offset the [...]
Bloomberg recently featured Marcus & Millichap President and CEO Hessam Nadji. Highlights of the conversation include: The property types most affected by interest rates and how investors are responding Why retail is making gains and the sub-segments positioned for growth How office properties are adapting and the opportunities that may [...]
Chipotle to open 250 to 285 restaurants in 2023 The company has opened its 500th location that features the brand’s digital order drive-thru pick-up lane (“Chipotlane”). At least 80% of the restaurants opened in 2022 and 2023 will have a Chipotlane. The company is expected to have opened 235 to [...]
Yahoo Finance recently featured Marcus & Millichap President and CEO Hessam Nadji to discuss the state of commercial real estate and the retail sector. Highlights of the conversation include: • Commercial real estate facing a “liquid recession”; higher rates impacting valuations and trading. • Last week’s lower October inflation reading [...]
Inflation falls to slowest pace since the start of the year. Headline CPI increased 7.7 percent over the 12 months ended in October, the smallest year-over-year increase since January 2022. While a notable deceleration compared to recent months, October’s downshift is unlikely to dissuade the Federal Reserve from raising the [...]
Panera Bread targets growth in urban markets with new digitally driven formats The company is expanding into urban markets and non-traditional settings with a streamlined store model. With digital now accounting for 50% of its total sales, the fast-casual brand is rolling out two new digitally driven formats. The formats [...]
Cineworld reaches bankruptcy settlement with lenders and landlords, gets approval to reject 17 leases The parent company of Regal Cinemas will be allowed to retroactively reject 17 leases as part of the settlement. The company had attempted to reject 9 additional leases, but landlords of these remaining properties are expected [...]
The Knipp Wolf Net Lease Group of Marcus & Millichap Closes the Sale of a Triple-Net Lease EZPAWN in Houston, Texas Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a triple-net lease EZPAWN [...]
