Pier 1 – National Tenant files for Chapter 11 bankruptcy today. Chapter 11 is better then Chapter 13 in which all debts are wiped clean. Chapter 11 is a bankruptcy that reorganizes debts OVER TIME. So don’t panic, if you…
Tag: news
At this point in the economic cycle, says Chirag Hathiramani, chasing better yield becomes a challenge. (Courtesy of Casoro Group) Chirag Hathiramani, a former Vornado and Aspen Heights executive, has joined Texas apartment player Casoro Group. Hathiramani is coming on…
After Nine Up Years, Hotel Industry Stands at the Beginning of a Downcycle But don’t panic. U.S. hotel industry revenue per available room, or RevPAR, dropped 1.2% year over year in October, marking the second straight month of decline. Importantly,…
Farther west in Houston, Lionstone bought a 15-story office tower anchored by Amazon Web Services from Midway in late September for $93 million, or about $409.58 per square foot, according to CoStar data. Called CityCentre Five, the building at 825…
Three investors called me this week to buy these locations, little did they know the business is having troubles. When buying a single tenant business, you need to research the company thoroughly (big or small). If they file for bankruptcy,…
“Houston has grown in prominence from a market reliant on energy-related industrial demand to a true regional distribution center serving its growing population base,” Justin Boyar, director of market analytics for CoStar in Houston, said in an email. Greater Houston…
Fibonacci Retracement A Fibonacci retracement is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or…
Investors spent less money on apartments in 2017 than the previous year, according to CoStar research, but bought more multifamily properties. The math may be a little counter-intuitive, but resulted from sales in the most expensive urban infill markets dropping…