Archive for June, 2011

Jun
30

New Chain Store Age Survey Released

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For the second year in a row, retailers’ expansion plans are on an upward trajectory, according to Chain Store Age’s 2011 Store Construction & Outfitting Survey, an annual survey of retail building activity and development costs.

The exclusive survey, conducted by Leo J. Shapiro & Associates, compiled results from retail chains across the country. The study examined such items as expansion plans, construction costs, store size and energy costs.

DOWNLOAD THE PDF VERSION OF THE SURVEY HERE

Categories : National News
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Jun
29

OCC Survey Shows Easing in Banks’ Underwriting Standards

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The Office of the Comptroller of the Currency has released its 17th annual Survey of Credit Underwriting Practices. After three years of broad tightening of underwriting standards, this year’s survey showed some signs of easing especially in commercial products. Even so, numerous banks made no changes or continued to tighten underwriting standards especially in products with poor performance.

Underwriting standards remain in transition as banks continue to react to economic conditions and changing risk in their portfolios. For certain products, banks are once again easing standards in response to competition, an improvement in credit market liquidity and a desire for more market share. On the other hand, an uncertain economic outlook, changing risk appetite and continued poor product performance were key influences where standards were unchanged or continued to tighten.

The survey is a compilation of examiner observations and assessments of credit underwriting standards. The 2011 survey included 54 of the largest national banks, covering the 12-month period ending Feb. 28, 2011.

The survey can be downloaded from the OCC’s website HERE

Categories : National News
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Jun
28

Get Free Data from Reis

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LINK TO THE COLUMBIA PAGE

LINK TO THE CHARLESTON PAGE

LINK TO GREENVILLE PAGE

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Jun
27

O’Reilly Auto Parts store in Camden, S.C Sold

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HighBridge Properties, announced today that it has sold a net-leased, O’Reilly Auto Parts store in Camden, S.C., for $1.1 million. HighBridge represented the property’s developer and seller, A.L. Saad and Company, in the transaction.

Located along U.S. Route 1, the free-standing, single-tenant property was built in 2009. O’Reilly Auto Parts is operating the 6,600-square-foot property on a 20-year net lease in which it is responsible for property expenses and taxes. The property also features an ATM machine that is leased by AllSouth Credit Union. The buyer of each property was not identified. The capitalization rate for the Camden transaction (excluding the ATM machine) was 8.25%, while the North Charleston transaction was priced at a 7.65% cap rate.

Based in Springfield, Mo., O’Reilly Auto Parts is the second-largest auto-parts retailer in the United States, with 3,600 locations in 39 states. The publicly traded firm recorded $5.4 billion in sales during 2010.

Categories : Camden, Uncategorized
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