Costar…
Through an aggressive push in Washington, DC, to cut costs and improve operational efficiencies, the federal government’s listings of properties for sale could balloon from less than a hundred or so to include potentially thousands of properties – and also, reduce the government’s reliance on leased space. The effort is already influencing how landlords and brokers make decisions affecting commercial real estate . With pressure building to lower…
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Excess Federal Property a Game Changer for Commercial Real Estate
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Facing identical store sales of a negative 4.9% in its third quarter, grocery store owner operator SuperValu Inc. is planning to cut costs including layoffs and closures and/or the sale of some of its store brands in the Northeast U.S. As a group, SuperValu’s Northeast banners pulled down corporate-wide store sales by more than 150 basis points in the third quarter, Craig Herkert, the company’s president and CEO, reported in his company’s third…
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Retail Watch: Nor’easter Challenging SuperValu
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