Uncertainty or Opportunity?
11/02/2022 | By John Cumbelich
As the sun begins to set on the withered stalk of another eventful year in commercial real estate, uncertainty prevails in Q4 of 2022 as forecasters ponder the direction that markets will take in 2023. Throughout 2021 and the first half of 2022, the same ...
Read MoreI 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, ...
Read MoreRecession 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 ...
Read MoreRetail-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 ...
Read MoreThe 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 ...
Read MoreCars 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 ...
Read MoreEssential 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 ...
Read MoreMy 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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