Some Bars Have Used the Pandemic to Change Business Models (Courtesy of District) When we look back on 2020, most memories will be less than positive. But for some restaurant owners and their guests, summer 2020 may recall good memories of afternoons and evenings spent al fresco dining. As states move through the various stages of reopening and [...]
The Second Quarter Results Are In, and Notable Trends Are Taking Shape in Each Market (Getty) In April, economists at CoStar, publisher of LoopNet, began to hypothesize about how each commercial real estate sector may change as a result of coronavirus-related closures. Demand, leasing, vacancies and transaction volume have all been affected, albeit in different ways. With [...]
Analysts Say Coronavirus Hastens Disruption Brought by E-Commerce Retail stores are boarded up in San Francisco during the coronavirus pandemic. (Getty Images) The U.S. retail industry appears to stand to lose 11% to 17% of its total store count by 2025, according to a report by Swiss bank and money manager UBS that brokers and analysts [...]
Analysis and Predictions from CoStar Economists As the coronavirus (COVID-19) pandemic and its related social distancing mandates continue longer than expected, it may feel like the economic outlook is becoming increasingly grim. With millions out of work and all non-essential businesses required to close indefinitely, the long-term impact of the ever-changing situation has yet to be [...]
As coronavirus (COVID-19) continues to spread, its impact on the economy and commercial real estate industry will be wide-reaching. Here at LoopNet, we're staying on top of what the pandemic means for owners, tenants, and buyers, and how you can not only respond to the changing real estate landscape, but be proactive to stay one step [...]
A Canadian investor on Friday acquired a series of downtown Sarasota retail properties that had been assembled more than a decade ago as part of a $200 million complex known as Pineapple Square. The Downtown Sarasota Collection comprises properties occupied by kitchen purveyor Sur La Table, apparel merchants Eileen Fisher and J McLaughlin, Pastry Art Café, [...]
A Canadian investor paid $10.3 million for a portfolio of four downtown retail properties in the affluent coastal community of Sarasota, Florida. Main St. Sarasota General Partner of Oakville, Ontario, bought the properties for $341.20 per square foot from Isaac Group Holdings, a Florida investment firm, according to CoStar data. The buildings at 1500 and 1501 [...]
Nation’s Largest Shopping Center Owner Makes $5 Million Investment, Plans to Collaborate With Esports League Simon Property Group, the nation’s largest shopping center owner, is turning to competitive multiplayer video gaming to steer traffic into its malls. The Indianapolis-based company is betting that stocking retail centers with focused gamers in the multibillion-dollar esports industry might attract [...]
Talking Interior Office Design Trends with Stantec's Pablo Quintana Today's professional landscape runs the gamut from smart, innovative coworking spaces to more traditional offices that foster collaboration—all increasingly furnished with amenity offerings that reflect the ethos of the companies that occupy those spaces. For landlords, office design trends are driven by a desire to attract tenants. [...]
BRADENTON — Bradenton Boat Club, a marina and boat storage facility with storage for over 350 boats, has sold to North Palm Beach-based marina owner and operator Southern Marinas. Terms of the deal were not disclosed. The seller was Cortez BBC LLC and Classic Boats LLC, according to a press release. The seller chose Southern Marinas because of the [...]
