Federal Reserve caps off 2022 with a slimmer rate bump. In December, the Federal Open Market Committee administered a 50-basis-point hike to the federal funds rate, following four straight 75-basis-point upward adjustments. The final rate lift of 2022 brought the lower bound target range to 4.25 percent, the highest mark [...]
Velvet Taco opens in Grapevine early next year, prepares for further DFW expansion in 2023 Velvet Taco has plans to open in Deep Ellum, Rockwall, North Frisco, and Waco in early 2023; and Allen and North Fort Worth in the summer of 2023. Fazoli’s to make debut in Louisiana and [...]
The merger of Kroger and Albertsons would assemble nearly 5,000 stores under one ownership umbrella. To secure regulatory clearance, the two parties are willing to dispose of up to 650 supermarkets. It is this potential divestiture that poses the most risk for shopping center owners, with stores possibly sold in [...]
Is Amazon done disrupting retail? While Amazon still dominates online sales in the U.S., with some 40% share according to eMarketer, brick-and-mortar stores still drive 85% of all retail sales, according to the U.S. Department of Commerce. E-commerce also remains an expensive way to sell products, including at Amazon, which [...]
Hiring sustains pace in November. Employers brought on a net 263,000 new personnel in November, roughly in line with the prior three-month average. Over 4.3 million jobs have been created year-to-date, which already marks 2022 as the second-best year for employment growth in over two decades, with one month left [...]
Highlights of the video include: What congressional gridlock could mean for CRE investors How has the political environment impacted CRE returns? Why CRE delivers a premium during congressional gridlock Watch Now
Retailers applaud Congressional action to avert rail strike The bill, which passed on a bipartisan vote of 290 to 137, would force the rail companies and employees to abide by a tentative agreement that the Biden administration helped to broker earlier this year. It increased pay and allowed for more [...]
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 [...]
