Monday, December 15, 2008

Great Follow Up Interview on Commercial Real Estate

KB Toys bit the dust this week, filing for bankruptcy. Big Box tenants (anchor tenants) that have declared bankruptcy as well include Circuit City & Linens N Things, which causes problems for commercial real estate developers. Then, lets not forget Starbucks and their recent problems. While Starbucks isn't an "anchor tenant" from a space perspective they do drive traffic to market centers. I've seen them pull out or close 3 different projects within 3-4 miles of my house. At some point, other coffee retailers are going to go on the offense as I think Starbucks is finally getting TOO defensive and missing out on some great opportunities/traffic. Developers won't forget what they have done....

Dan Ross

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