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 [...]
Walmart goes high-tech with multi-million-dollar Texas distribution center Retail giant pushes ahead with plans to automate all regional DCs Sweetgreen opens first digital-only pickup location Customers can’t buy anything on-site at the new Sweetgreen. Report: Department store foot traffic is down, but recovering Inflation woes are not affecting department stores [...]
Amazon’s fall sales event estimated to have fallen short of Prime Day — while still raking in approximately $8 billion Bank of America analyst Justin Post estimated that Amazon’s October event generated $8 billion in gross merchandise volume, a 25% decline from $10.7 billion in GMV for the July Prime [...]
Kroger agrees to buy rival grocery company Albertsons for $24.6 billion Kroger is the second-largest grocer by market share in the United States, behind Walmart, and Albertsons is fourth, after Costco Delta Air Lines and Starbucks launch loyalty partnership Members of the two programs will be able to earn one [...]
The 10 Quickest Fast-Food Drive-Thrus in America Wendy’s drive-thru lanes struggle, while Chick-fil-A has the fastest service Discount Tire unveils drive-thru store prototype The "Pit Pass" store features "embedded tire scanners, digital displays, online ordering and appointment-focused booking REI commits to closing stores on Black Friday forever All 178 stores, [...]
