GLG News by Retail Brokerage Experts (Florida)

Kenneth LeonardPrincipalLeonard Associates

Is Trump For Real?

February 6, 2012

Analysis of:Trump suspends retail leasing effort: "I'm in no rush" | www.chicagorealestatedaily.com

Three years ago Donald Trump finally opened his troubled,but beautiful, riverfront skyscraper in downtown Chicago. He has issued many press releases about its success but a new article exposes most of his bluster as false advertising.

Steve BottfeldPrincipalMarketing Solutions

Las Vegas real estate: A happy new year?

January 20, 2012

Santa Claus was very kind to Las Vegas in December, leaving several unexpected gifts.  However,  as he and Mrs. Claus celebrated the New Year, he began to understand why he didn’t see a lot of cookies and milk near the Christmas trees in the Las Vegas homes he visited.

Kenneth LeonardPrincipalLeonard Associates

Are Macy's closures a leading indicator of mall REIT values?

January 18, 2012

Analysis of:Macy's Closures | thecrereview.blogspot

The recent announced closings of 5 Macy’s and 4 Bloomingdales stores may have created a bigger threat to Mall REIT values then the announced closings of 120 Sears and Kmart stores.

Howie GelbtuchPrincipalGreenwich Realty Advisors Writing Corp

More details and insights about the planned Sears Holdings store closings

January 4, 2012

Sears Holdings recently announced plans to close 100 to 120 of its stores.  Of these, 79 locations were disclosed on December 27, 2011 and 90% of them – 71 stores— are in our proprietary database of retail stores.  We estimate that the 71 stores we identified total about 6.6 million square feet of gross leasable area, an average of roughly 93,000 square feet per location.

Kenneth LeonardPrincipalLeonard Associates

Three things you should know about Sears store closings

December 29, 2011

The WSJ carried an article indicating that Sears would close “100 to 120 stores” in an effort to “try to fix the problem of falling sales”. The article was based on an internal memo in which Sears also announced “that the store closings will generate $140 to $170 million in cash from inventory sales and that they expect the sale or sublease of real estate holdings to add more cash”.

Steve BottfeldPrincipalMarketing Solutions

A merry Christmas for Las Vegas real estate

December 21, 2011

With apologies to Charles Dickens, both Tiny Tim and Ebenezer Scrooge would be pleased with Las Vegas housing statistics for November.

Steve BottfeldPrincipalMarketing Solutions

Las Vegas housing market gives reasons to be thankful

November 23, 2011

Thanksgiving is a time to reflect on the past as well as the future.  The best way to look at October data for the Las Vegas real estate market would be to think of the Pilgrims landing at Plymouth Rock.

Steve BottfeldPrincipalMarketing Solutions

Las Vegas residential sales statistics: Trick or treat?

October 19, 2011

With Halloween less than two weeks away, we can’t tell if Las Vegas September residential housing data is a trick or a treat.

Steve BottfeldPrincipalMarketing Solutions

Las Vegas real estate market: August data suggests bottom formation

September 21, 2011

This has been an unusual summer for Las Vegas residential real estate.  The city’s unemployment increased for the fourth consecutive month, but residential housing statistics suggest that the worst may be over.

Steve BottfeldPrincipalMarketing Solutions

Has the Las Vegas housing market found a bottom?

August 29, 2011

The shadow of seasonality falls over Las Vegas housing statistics for July.  But, that shadow is very thin.  Does this data mark the beginning of the end of the housing slump in Las Vegas?

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