Nordstrom is the latest big American retailer to report sluggish sales growth. Its stock tanked — just like several other retailers this week. JCPenney’s (JCP) results were dreadful and shares are now down more than 40% in the past year. Walmart (WMT) reported an uptick in online sales, but investors are worried about its profit…
DetailsThe year 2017 was engraved upon the tombstones of numerous retailers. Fifty major chains went bankrupt, including Toys “R” Us and Payless Shoes. That’s up from 47 filings in 2016 and just 30 in 2014. Department stores and other longtime retailers have been decimated by Amazon and Walmart. The retail implosion likely isn’t going away any…
DetailsIn most actions for eviction based upon a tenant’s non-payment of rent, the Court must determine the amount of rent required to be paid into the registry of the Court during the pendency of the litigation. Florida Statute 83.232 is designed to remedy the problem of commercial tenants remaining on the premises for the duration…
DetailsMark Decker Jr., president and CEO of IRET (NYSE: IRET), joined Nareit for a video interview at REITworld 2017. IRET focuses on the ownership, management, acquisition, redevelopment and development of multifamily apartment communities. Decker took over as president and CEO of IRET in April. He noted that the company’s management team has undergone substantial change in…
DetailsDonald Miller, president and CEO of Piedmont Office Realty Trust, Inc. (NYSE: PDM), joined Nareit for a video interview at REITworld 2017. Piedmont owns and manages class-A office buildings located in submarkets primarily within eight major office markets in the Eastern United States. Miller noted that Piedmont’s leasing activity in the first three quarters of 2017…
DetailsIn recent decades, REITs have grown rapidly in significance. The most notable evidence of this increased stature was the 2016 decision to establish Real Estate as a separate sector in the Global Industry Classification Standard. With more attention being paid to this substantial business sector, it is natural that more attention will also be paid to…
DetailsChristopher Benjamin, president and CEO of Alexander & Baldwin, joined Nareit for a video interview at REITworld 2017. Alexander & Baldwin (NYSEMKT: ALEX) owns, operates and manages 4.8 million square feet of retail, industrial and office space primarily in Hawaii and on the U.S. mainland. Alexander & Baldwin converted to a REIT at the beginning of 2017.…
DetailsCourt of Appeals of Texas, Houston (14th Dist.). LEN WAYNE CROFTON, Appellant v. THE STATE OF TEXAS, Appellee NO. 14-16-00737-CR Decided: December 21, 2017 Panel consists of Justices Jamison, Busby, and Donovan. OPINION Appellant Lee Wayne Crofton appeals his conviction for resisting arrest. A jury found appellant guilty, appellant pleaded true to an enhancement paragraph,…
DetailsPrivately held ShopOne Centers REIT, Inc. launched in October 2017 with a portfolio and a plan. The company is an offshoot of Devonshire REIT Inc., the source of the majority of the 46 assets in its grocery-anchored retail portfolio. The plan at launch centered on paying off the debt on the assets it acquired before…
DetailsAri Frankel, assistant vice president for sustainability and high-performance buildings at Alexandria Real Estate Equities, Inc. (NYSE: ARE), was a guest on a special edition of Nareit’s REIT Report Podcast during Nareit’s REITworld in November. Alexandria owns, operates and develops collaborative life science and technology campuses in North America. Alexandria received the 2017 “Most Innovative” Leader in the Light…
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