I Remember

08/11/2022 | By John Cumbelich

In the early days, I would take a listing on a retail center with one or two 1,200 SF vacancies, hoping to get leases signed at $1.00/SF per month with a Subway or Supercuts franchisee. That would result in a leasing commission of $6,000, ...

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Recession or Re-Set?

07/14/2022 | By John Cumbelich

Recently the Wall Street Journal published an article observing that if the US economy is in a recession, “it’s a very strange one” (July 4, 2022). Every recession over the past 80 years has been characterized by two consistent factors: increased unemployment and a ...

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Retail-politik

06/06/2022 | By John Cumbelich

Observers of world affairs are familiar with realpolitik – the term used to describe a system of principles based on practical rather than ideological considerations.  Radical changes in the US economy throughout the COVID pandemic provided a vivid illustration of what occurs in business ...

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The Covid Rules

03/16/2022 | By John Cumbelich

The Ides of March was celebrated in ancient Rome on March 15th each year, as the deadline for settling debts.  As the commercial real estate industry continues to emerge from the punishing Covid pandemic, it too has genuinely begun to settle in this March ...

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Cars are the New Customer

09/29/2021 | By John Cumbelich

Our firm just consummated our first-ever ground lease transaction with a restaurant brand that will build a triple-lane drive thru.  The design will allow the brand to accommodate over 50 vehicles in the drive thru stack at one time.  This next generation super-sized drive ...

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Essential Truths

07/12/2021 | By John Cumbelich

Among the many radical and fundamental changes wrought in retail through the COVID crisis, perhaps none has been more widely accepted than the notion that what we now call Essential Services are the most indispensable and resilient of all retail offerings.  The places where ...

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My Corona

04/26/2021 | By John Cumbelich

The past year was a trial by combat in the scorched earth environment of the commercial real estate industry.  The government-mandated closure of retail and dining establishments did much more than punish the present – it pulled the rug out on the future as ...

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The Crisis-Proof Shopping Center

09/08/2020 | By John Cumbelich

While an anxious national media reports on the retail apocalypse, spiking vacancy rates and big-name bankruptcies, perhaps it’s time for cooler heads to shift their focus squarely to the winners in the present disruption. Doom and gloom sells newspapers, but the list of prospering ...

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