When Will We See Cap Rate Movement in the Four Core CRE Types?

With late 2018 jitters gone and investor optimism returning, the commercial real estate market should experience mostly steady cap rates through the first half of 2019, although there are particular market segments and geographies that could experience some bumps. “On the interest rate side, I think everybody has dismissed, at least for the time being, the inflation threat so that …

2 new restaurant chains opening in Charleston market

A restaurant chain new to the Charleston area is ready to serve its first ButterBurgers between Goose Creek and Summerville and at least two more locations are planned for the region. Wisconsin-based Culver’s, which specializes in its signature ButterBurgers and frozen custard, will welcome customers Monday at 1904 N. Main St. on U.S. Highway 17A. The location is just south …

Global Self Storage Inc (NASDAQ:SELF) Plans $0.07 Quarterly Dividend

Global Self Storage Inc (NASDAQ:SELF) declared a quarterly dividend on Monday, March 4th, Wall Street Journal reports. Shareholders of record on Friday, March 15th will be paid a dividend of 0.065 per share by the financial services provider on Friday, March 29th. This represents a $0.26 annualized dividend and a yield of 6.88%. The ex-dividend date of this dividend is …

Volatility in Construction Materials Costs Strains Developers

Overall, materials prices keep rising faster than inflation. But what’s worse is that prices for individual construction materials are unpredictable from month to month. The price of lumber and diesel fuel has fallen sharply, for now. But new policies from the U.S. government continue to jolt the markets, from possible sanctions on oil producing countries like Venezuela to government tariffs …

Three Ways Investors Can Increase Agility In Uncertain Commercial Real Estate Markets

Over the last few months, news channels have been filled with stories about movements that are directly affecting the U.S. economy and real estate investments. Headlines discussing rising interest rates, the government shutdown and trade wars dominated the airways and have increased business uncertainty. In addition, the speed of advancing technology is continually shifting the commercial real estate landscape. Shopping …

Net Lease Trends 2019, Part 1: CRE’s Safest Play

The net lease investment sector is continuing to ride a wave of strong liquidity that is fueling robust transaction volume and steady cap rates and that momentum is likely to stay the course in the coming year., according to NREI’s latest exclusive research into the sector. Despite an uptick in interest rates over the past year and a strong view …

What Will Be the Fate of Vacant Sears and Kmart Boxes?

While Chairman Eddie Lampert and his hedge fund ESL Investment managed to buy Sears out of bankruptcy and avoid liquidation—saving about 400 Sears stores—the looming question is what will happen to the hundreds of other shuttered Sears and Kmart locations around the country. Sears Holdings Corp., which owns Sears and Kmart stores, filed for chapter 11 bankruptcy protection last October …

The Landing at St. Johns Yacht Harbor

A 54-unit luxury condominium project called the Landing at St. Johns Yacht Harbor will soon rise between James and Johns islands off Maybank Highway. Provided rendering A Sullivan’s Island contractor has been selected to build a new 54-unit luxury condominium project near Charleston with prices starting just below $1 million. Brown-Glaws Construction will build the The Landing at St. Johns …

Competitors building large facilities face ‘distress’

Sometimes it doesn’t pay to follow the leader. From the viewpoint of Public Storage CEO Joe Russell, bigger isn’t always better when it comes to the size of new facilities being run by rival self-storage operators. During the self-storage REIT’s Feb. 27 earnings call, Russell said that among new facilities that came online in 2017 and 2018 — roughly $9 …

Looking at the Numbers for Shurgard Self Storage

Investors are constantly examining different company financial indicators to assess trading opportunities. Shurgard Self Storage SA (ENXTBR:SHUR) presently has an EV or Enterprise Value of 3033411. The EV is used to show how the market assigns value to a company as a whole. EV is basically a modification of market cap, as it incorporates debt and cash for assessing a …