EBay Ventures invests in sporting goods marketplace SidelineSwap
By Tatiana Walk-Morris
Ikea banks on new store formats to sustain success
Nate Delesline III Reporter Ikea is expanding its store formats beyond its familiar and famous big blue box locations. The Swedish-founded and Netherlands-based international retailer had about 370 flagship stores globally, and 460 stores overall in 62 markets worldwide as of February. But despite that global presence, “many people were complaining that our stores were too far […]
Bed Bath & Beyond, Toys ‘R’ Us and RadioShack all shut down for the same reason
By Nathaniel Meyersohn, CNN In the 1980s, a new type of specialty retail chain started to emerge: “category killers.” The stores’ powerhouse business model was aimed at giving shoppers access to every different size, style and color of a product imaginable – all in one place and at reduced prices. Category killers, which began to dominate […]
Here’s What the FDIC-JPMorgan Chase Shared Loss Agreement Means
By Erik Sherman In the closing of First Republic Bank by the Federal Deposit Insurance Corporation and its sale to JPMorgan Chase, there was mention of a loss-share transaction for loans. Both the FDIC and JPMorgan Chase will share costs and potential recoveries from single family, residential, and commercial loans that the bank bought from First Republic. […]
Bed Bath & Beyond, finally in Chapter 11, is going out of business
Daphne Howland Senior Reporter Dive Brief: Dive Insight: Founded in 1971, Bed Bath & Beyond is one of the original “category killers” — retailers that took advantage of department stores’ declining appeal to establish specialty stores offering discount prices. The home goods company went public in 1992 and its revenues surpassed $1 billion by 1999, per its court […]
Apartment Rents Fall as Crush of New Supply Hits Market
By Will Parker Updated Feb. 27, 2023 2:00 pm ET Apartment rents fell in every major metropolitan area in the U.S. over the past six months through January, a trend that is poised to continue as the biggest delivery of new apartments in nearly four decades is slated for this year. Renters with new leases in January paid […]
Concessions offered to lure office tenants are eating away at landlords’ income
By Ashley Fahey – Editor, The National Observer: Real Estate Edition, Feb 6, 2023 A growing spread between starting and effective rents illustrates how office landlords — even among coveted Class A buildings — are seeing their rental income eroded as the office market remains squarely in favor of tenants. It represents another challenge facing the office market, […]
Multifamily Buyers, Sellers Waiting for the other side to blink
Yardi Matrix expects distress to increase. By Paul Bergeron | February 21, 2023 at 08:22 AM It’s a bit of same ol’, same ol’ for now in multifamily deal-making two months into 2023 – not a whole lot. “Buyers are cautious, facing higher financing costs and downgraded projections of future rent growth,” writes, Paul Fiorilla, director of research, […]
Market Recovery Hinges on Quick Inflation Drop
By Matt Grossman Updated Jan. 23, 2023 5:25 pm ET Behind this year’s improved start for markets lies a broad wager that inflation will soon post a once-in-a-generation decline. Market-based gauges of inflation expectations project the annual pace of rising prices will tumble in the months ahead roughly as fast as during the recession that followed […]
Despite Near-Term Volatility, Multifamily’s Outlook is Promising
By Paul Bergeron | January 20, 2023 at 03:27 PM CP Capital says it’s best to focus on the future for multifamily investors, where fundamentals depict a bright outlook, coming off the past two volatile years that saw 2021 break records and 2022 pull back some. The firm says the abundance of “dry powder” waiting on the sidelines […]