Commercial Real Estate Retail Recap: November 2016

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Commercial Real Estate Retail Recap: December 2015

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Commercial Real Estate Recap : September 2015

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National Real Estate Investor I U.S. Chains Continue to Up Store Opening Plans

FiveGuysRestaurantU.S. chain retailers have upped their store opening plans ever-so-slightly in April, confirming a positive outlook for the retail real estate sector going forward, according to the National Retailer Demand Monthly report from RBC Capital Markets.

RBC researchers estimate that the chains in their database have increased the number of stores slated to open over the next year by 2.5 percent since January, to 41,918 new locations. The same retailers also increased the number of stores they plan to open over the next two years by 2.8 percent, to 78,647 locations. Restaurant operators, discount department store chains, children’s apparel retailers and gift sellers accounted for a significant portion of additional planned openings.

RBC REIT analyst Rich Moore also noted that retailers continue to expand their workforce, indicating that net store openings are likely to be positive.

“The strength of the store opening picture continues to push new shopping center development, which is at a post-recession high,” he wrote. “In all, the picture remains a healthy one for retail landlords, and we look for solid quarterly results in first quarter 2015.”

The top few retailers that plan to grow the most as a percentage of their existing portfolio are made up of restaurant chains and convenience stores, including Penn Station—East Coast Subs and Five Guys Burgers and Fries. At the same time, discretionary retailers Bed, Bath & Beyond, Urban Outfitters, Crazy 8 and Francisca’s Collections also found their way on the top 30 list in April.

Meanwhile, Dollar General (1,300), Family Dollar (1,000), Sephora (100) and Dollar Tree (600) were among the top 30 retailers planning to open the greatest total number of stores over the next two years.

Read more: National Real Estate Investor I U.S. Chains Continue to Up Store Opening Plans
Re-posted by: Crosbie Real Estate Group

Business Insider : Quiznos Has One Last Hope For Its Business

Quiznos’ US business has been in a tailspin.

quiznos_logo1_fullThe sandwich chain has closed 3,000 restaurants in recent years and filed for bankruptcy protection.

Now the company is focusing on opening restaurants in Asia and the Middle East to drive profits, writes Venessa Wong at Bloomberg Businessweek.

The company hopes that growing overseas demand for US restaurants will help its business.

Wong notes that the company will have to contend with already-established competitors like Subway and KFC.

KFC now has more restaurants in China than in the US.

Serious flaws in Quiznos’ business model led to the company’s demise in America, The Wall Street Journal wrote last year.

The chain’s franchise owners have long complained that Quiznos charges too much for ingredients, eating into profits.

The company has also made key mistakes in its production process.

Read more: Business Insider : Quiznos Has One Last Hope For Its Business
Re-posted by: Crosbie Real Estate Group

Denver Westword I Fast-Casual Pizza Chains Vie for a Slice of the Denver Market

pizzaRestaurateurs around Denver are really hoping you’ll get on board with their fast-casual pizza concepts; time and money are being spent perfecting dough recipes, building health-conscious angles, and firing up custom ovens to blister crusts in the amount of time it takes you to swipe a debit card. Businesses are welcoming comparisons to other successful fast-casual operations — after all, if consumers have made the lowly burrito the king of the quick lunch, success seems more likely for newer chains if they mimic Chipotle’s service model and goals. Pizzeria Locale, Modmarket and Project Pizza are all competing for a slice of the pie market and are learning as they go.

Boulder-based Modmarket just announced that it has retooled its dough recipe, adding stone-ground wheat to the mix along with sea salt, olive oil, agave sugar and an overnight rise, which, according to the company’s press release, adds more flavor and strength to the finished dough. The new dough is now available at all eight Colorado Modmarket locations. A recent article on Thrillist included Modmarket in a list of small chains that could someday reach Chipotle-like proportions. The company also builds sandwiches and salads, capitalizing on the healthy-food trend in case the fast-casual pizza boom fizzles.

This comes right as the latest Pizzeria Locale opened in the West Highland neighborhood and owners Bobby Stuckey and Lachlan Mackinnon-Patterson (both of Frasca fame) announced that they’ve rolled out a new 100 percent stone-ground wheat dough, some of which is actually ground in-store in a custom-built mill. Pizzeria Locale plans to retrofit its original fast-casual restaurant on Broadway with the same equipment and processes to make the new dough, which will also be the standard for all future locations. Comparisons with Chipotle are accurate when it comes to Pizzeria Locale; Stuckey and Mackinnon-Patterson teamed with the burrito giant to streamline the concept, based on their original Boulder pizzeria, for the fast-casual market.

Read more: Denver Westword I Fast-Casual Pizza Chains Vie for a Slice of the Denver Market
Re-posted by: Crosbie Real Estate Group