Best Buy is on a Fool's Errand
June 23, 2011
Best Buy To Downsize Brick-and-Mortar Footprint | www.latimes.com
I could not resist commenting on the problems associated with the recent article in the LA Times about Best Buy's announcement to start an aggressive program of subleasing a portion of their stores to others. I was amazed that so few business analyst chose to comment on what is one of the most massive downsizing effort yet announced.
May Las Vegas Data: On the cusp of a change?
June 21, 2011
May real estate data for Las Vegas is a mixed bag of positives and negatives. And, while there is still much more negative than positive news, we may be just on the cusp of a better future. Yes, unemployment is still horrendous at 12.4%, but there is some growth in the construction job market.
Westfield Wants To Dump Everything Below $380 PSF
June 10, 2011
Bidders Eye Mall Portfolio | www.morningstar.co.uk
I love this article from the June 8 WSJ because it confirms what I have been saying since the CRE bubble burst. For the first time we are beginning to see the market wake up to the fact that good malls are going to remain good or get better while poor malls will continue in their death spiral.
A Hidden Threat To Municipal Bonds
June 10, 2011
Faded Malls Leave Cities In the Lurch | online.wsj.com
This WSJ article should serve as a reminder of some of the overlooked impacts that are yet to be felt as the result of the real estate bubble. It details some of the problems facing many smaller city's budgets as the tax revenue from failing malls disappears.
June 7, 2011
Behind dazzling growth story, Groupon struggles to keep ustomers clicking | www.chicagobusiness.com
Groupon's long awaited IPO filing has revealed some very disturbing details about the growing decline in sales per customer and the increase in cost to get those customers. GLG News readers should be warned to look at this IPO beyond its' quadruple-digit growth rates.
Another Misleading Article About Retailing From Folks Who Should Know Better
May 27, 2011
The Great Retail Shrikage: Will Smaller Stores=Higher Profits? | www.thestreet.com
A reporter from "The Street" who presumably is knowledgeable about the retailing industry, has written a very misleading article about what is happening to store sizes and the possible repercussions it will have on the retailing industry. As a service to GLG News readers who follow the retail industry, I felt compelled to correct the numerous misconceptions and outright exaggerations.
Whatever Happened To The Dillard's REIT?
May 24, 2011
I recently got a call from a reporter in Arkansas who was writing an article about their hometown department store icon, Dillard's. The reporter asked me about the much publicized REIT that was announced early in 2011. He caught me off guard and I had to admit I really did not have any news to report on the current status. After the call I got busy and researched the matter and wanted to share my findings with GLG News readers.
LAS VEGAS: Could April be the Beginning of the Bottom?
May 17, 2011
There is one word that aptly describes the April residential data for Las Vegas: Strange.That is a particularly accurate expression for the new home market.
American Dream Meadowlands Will Be A Nightmare
May 4, 2011
Triple Five Looks to Find American Dream in Xanadu | retailtrafficmag.com
Sorry, but I could not resist the title and making one last comment about what I believe to be the biggest shopping center disaster in the country and the second biggest in the world!
Lampert Cult Supports Sears' Stock Price
May 4, 2011
After announcing yet another decline in profits, market share and sales at their annual meeting, and watched their stock price drop by 9.9% to the still highly inflated price of $75.88, the media swallowed Mr. Lampert's cool-aid once again and focused on management's hope for the future.
February 6, 2012
Las Vegas real estate: A happy new year?
January 20, 2012
Commercial property sales plunge in New York City: Why should everyone care?
January 19, 2012
Are Macy's closures a leading indicator of mall REIT values?
January 18, 2012
Ireland's commercial property outlook
January 9, 2012