Forbes I Wal-Mart Really Wants To Be Your Bank, Retailer Launches Mobil Checking Account

Wal Mart newWednesday Wal-Mart and prepaid card provider Green Dot launched GoBank, a mobile-first checking account that aims to serve the nation’s under-banked.

“GoBank is breaking down the barriers to traditional banking and brings the benefits of a FDIC-insured checking account that’s loaded with features to a large segment of Americans,” said Green Dot CEO Steve Streit in a statement. The accounts will have no minimum balance, no overdraft fees will be charged and account holders will gain access to 42,000 free ATMs.

At $8.95 a month (plus $2.95 for a “starter kit” purchased at a Walmart store) GoBank is not the cheapest checking account around, but the monthly fee will be waived for customers who set up a direct deposit of $500 or more. According to Streit an independent Bretton Woods study found that customers pay approximately $218 to $314 annually for a basic checking account. That means even folks paying GoBank’s monthly fee ($107.40 annually) should come out ahead.

Echoing a sentiment shared when the retailer launched its Bluebird prepaid card with American Express in 2012, Daniel Eckert, senior vice president of services for Walmart U.S. added, “Walmart customers want easier ways to manage their everyday finances and increasingly feel they just aren’t getting value from traditional banking because of high fees.”

Read more: Forbes I Wal-Mart Really Wants To Be Your Bank, Retailer Launches Mobil Checking Account
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NY Daily News I Burger King to buy Tim Hortons, move headquarters to Canada

Burger KingBurger King is buying the coffee and doughnut chain for $11 billion with help from Warren Buffett. The new company’s headquarters will be based in Ontario.

Burger King just delivered Uncle Sam a real Whopper.

Burger King Inc. is buying Canadian doughnut outfit Tim Hortons in a move widely seen as a bid to lower its tax bills.

The Miami-based burger chain will plunk down $11 billion — some of it from billionaire Warren Buffett — to buy the iconic Canadian chain, and the new fast food behemoth will be headquartered in Ontario.

The move, confirmed Tuesday, will create the world’s third-largest fast food chain and signals BK’s strong play to capture bleary-eyed breakfast and coffee customers who typically flock to McDonald’s and Starbucks.

But the deal also appeared to be a ploy to lessen Burger King’s tax burden, a so-called tax inversion strategy that has been criticized by President Obama and Congressional leaders.

Setting up shop in the Great White North will allow Burger King to pay Canada’s friendly 26% corporate tax rate, a steep break from the U.S.’ nearly 40% rate, Forbes reported.

In the run-up to the deal, Burger King’s parent company said its flagship restaurant brand, which operates 14,000 locations, and the Tim Horton brand would be run independently, and Burger King’s operations would remain in Miami.

Read more: http://www.nydailynews.com/news/national/burger-king-buy-tim-hortons-move-headquarters-canada-article-1.1917058
Re-posted by: Crosbie Real Estate Group
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Crosbie Real Estate Group I Recent Deals

Some of our recent retail deals and tenant openings throughout the state of Colorado.

Some of our recent retail deals and tenant openings throughout the state of Colorado.

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King Soopers Grand Opening in Brighton, CO

Check out what we found at the King Soopers Grand Opening at our listing in Brighton!

Check out what we found at the King Soopers Grand Opening at our listing in Brighton!

To view available retail sites at this location, check out our brochure: http://www.creginc.com/pdf/Brighton_Mktplc_at_BrightonCrossing.pdf

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Eater Denver I Prairie Dog Pub & Grill Now Open in Littleton

Prairie Dog & Grill now open at our listing at Coal Mine Centre in Littleton.

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Prairie Dog Pub & Grill has recently opened in Littleton at 5935 South Zang Street. With friendly staff, the new restaurant and bar brings classic pub fare to an area that still has limited options. Among guests favorites are the nachos, Prairie Dog burger, and fried pickles.

Check out the nice, quiet patio and keep an eye out for the ladies night and other specials.
 
Read more: Eater Denver – Prairie Dog Pub & Grill Now Open in Littleton
Property brochure: http://www.creginc.com/pdf/Littleton_CoalMineCentre.pdf
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Colorado Real Estate Journal I Key Wheat Ridge site may be developed

Colorado Real Estate Journal I Key Wheat Ridge site may be developed

Check out our listing at 38th and Wadsworth featured in the Colorado Real Estate Journal!

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Colorado Real Estate Journal I Crosbie Real Estate Group Press Release

Colorado Real Estate Journal I Crosbie Real Estate Group Press Release

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Supermarket News I Convenience, technology leading small-store push at Walmart

Image Wal-Mart Stores will open more small stores than big stores in the U.S. this year, underscoring not only that more convenient concepts like Neighborhood Markets are outperforming their larger sibling Supercenters, but a concurrent company-wide effort to use digital technologies to make those small stores behave like large stores when shoppers want them to.

Several presentations during media events at the retailer’s annual shareholders meeting in Bentonville, Ark., on Thursday reflected that theme, including a tour of Walmart’s newest and smallest concept, the Walmart to Go convenience store, and a review of plans for a 15,000-square-foot site dedicated to Internet grocery pickup, set to open here later this year.

The 5,000-square-foot Walmart to Go, carrying just 3,500 SKUs, offers the same prices on identical items from a neighboring 180,000-square-foot Supercenter. Its offerings include c-store staples like fresh coffee, soft drinks as well as hot foods to go provided by a local deli that’s set up a kitchen there.

The as-yet unnamed and unbuilt internet pick-up outlet will carry some 10,000 SKUs and be staffed by logistics employees at Walmart. They will assemble orders made online and deliver to cars in as many as 30 drive-up lanes. The concept is based on a similar offering at Walmart’s United Kingdom banner, Asda, said Judith McKenna, chief development officer at Walmart and a former Asda exec.

Bill Simon, Walmart’s U.S. CEO, said that he saw the opportunity to open the 42,000-square-foot prototype Neighborhood Market grocery stores at a faster rate than the 180 to 200 planned this year. There are approximately 367 such stores today.

The still-smaller Walmart Express model has about 20 stores today, and is still in an evaluation stage, Simon explained, although he expressed enthusiasm for a new unit in North Carolina “thethered” to a larger Supercenter, providing shoppers the opportunity through the Internet and mobile applications to shop the entire breadth of a Supercenter for pick-up at the small store.

“What we’re trying to do with Express right now is build a model that has the ability to project nationally,” Simon said. “Our numbers are really big in every respect and we’re confident today that Neighborhood Markets will have a positive material impact on the company, that’s why we’re going through with that [store growth].”

Read More: http://supermarketnews.com/small-format-supermarket/convenience-technology-leading-small-store-push-walmart#ixzz34A7z148y
Re-posted by: Crosbie Real Estate Group
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Huge Thanks to all of our Sponsors at our Come As You Are Colorado Party!

Huge Thanks to all of our Sponsors at our Come As You Are Colorado Party!

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Westword I Potbelly Sandwich Shop opening in University Hills

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Back in 2011, a Yelper by the name of Alex B wrote an exclamation point-punctuated review of Snarf’s, a homegrown sandwich shop that got its start in Boulder. The sandos are really great, as evidenced by the fact that I’ve been three work days in a row!!” he gushes, but his review of Snarf’s begins with a shout-out to Potbelly Sandwich Shop: “A “Potbelly’s substitute has finally arrived in Denver!!! Until Potbelly’s decides to franchise here, this is the next best thing!!!!”

A romp through other sandwich shop reviews on the Denver Yelp site also reference Potbelly. “It’s my favorite Midwestern chain,” declares one Yelper. “Some day, Potbelly’s will come and drive all these other places out of business with their cheap prices and delicious hot subs,” boldly predicts Matt H, who then describes the sandwiches at Jimmy John’s as simply “average.”

Mr. H’s theory will be tested sooner rather than later, because Potbelly Sandwich Shop, which is headquartered in Chicago, is opening its first store in Denver, in the University Hills Shopping Center, which now has several restaurants, including Lark Burger and the Slotted Spoon.

Its original name, Potbelly Sandwich Works, started, notes the website, in 1977 as a “small antique store run by a nice young couple,” who then “decided to bolster their business by making sandwiches for their customers.” The sandwiches were a major hit, and in 1996, a guy named Bryant Keil — now the chairman of Potbelly — bought the original Chicago store, and has since gone on to open close to 300 Potbelly Sandwich Shops in numerous cities across the country, including New York, Texas, Oregon and Tennessee.

Read more: Westword I Potbelly Sandwich Shop opening in University Hills
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