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November 07, 2017

Exclusive Listing – 366 Clifton Ave – Clifton NJ

Marcus & Millichap is pleased to announce the exclusive sale of 366 Clifton Avenue in Clifton, NJ. The property is currently occupied by Pioneer Academy, a diverse, independent, pre-school that has been operating at this location since 1999. There are seven classrooms, seven restrooms, an administrative area, and a partially finished basement. Total student capacity… Read more »

September 22, 2017

Union City Development Opportunity

The Iacono Retail Group is pleased to announce the exclusive sale of 1211 New York Avenue in Union City. The property consists of 17,500 square feet of vacant land making it an ideal opportunity to develop in Hudson County. The subject property is located conveniently near Highway 495 and Bergenline Avenue which is home to many… Read more »

August 29, 2017

10-3-17 Investor Seminar

  MARCUS & MILLICHAP PRESENTS Seminar Series: Proactive Investing through Estate Planning, 1031 Exchanges, and Market Intel Considerations of Estate Planning Understanding the 1031 Exchange Process Overview of the Current Administration’s Tax Plan What Are Triple Net Properties? Update on the NJ Multifamily Market State of the Retail Market & Tenant Spotlights Networking 5:00PM –… Read more »

August 15, 2017

Walgreens Zero Cash Flow Portfolio

Zero Cash Flow Investing Zero Cash Flow Deals are some of the most misunderstood opportunities in commercial real estate. However, these types of investments can have an important role in your overall portfolio in two ways. One, the zero-cash flow structure generates passive losses which can offset or reduce passive income generated by other investments thereby reducing… Read more »

July 06, 2017

What Amazon’s Big Move Means for Retail Real Estate

Amazon Establishes a Brick-and-Mortar Presence with the Acquisition of Whole Foods Amazon Enters Grocery Business Amazon has decided to purchase Whole Foods for $13.7 billion dollars, after testing a variety of concepts to enter the grocery store segment. This transaction, allows Amazon to have direct access to the grocery store segment which accounts for consumer… Read more »

June 29, 2017

Walgreens – Rite Aid Merger Falls Through

Walgreens and Rite Aid announced Thursday, June 29th 2017 that they are no longer merging. Instead Walgreens will purchase 2,186 Rite Aid stores for $5.2 billion. This transaction will cut Rite Aid stores in half, with 2,350 stores remaining after the deal is done. The stores purchased by Walgreens will be rebranded into new Walgreen’s… Read more »

April 21, 2017

Consumer Optimism Buoys Net-Leased Sector

Confident Consumers Boost Positive Economic Momentum The economy maintained momentum to perform admirably in 2016 following a slow start to the year. This trend will carry into 2017 as consistent job creation across a wide array of employment sectors provides momentum for the economy while compressing the unemployment rate. Also, tight labor markets are translating… Read more »

March 30, 2017

Emerging Investor Trends for the First Quarter of 2017

Investors Dial Back Transactions Amid Murky Policy Outlook   Investors scale back activity as the market recalibrates to higher interest rates and awaits clarity on government policy. The November election sparked a rapid rise in interest rates and introduced a wide range of prospective reform initiatives. Proposed changes to tax, fiscal, and regulatory policies raise… Read more »

March 21, 2017

Federal Reserve Raises Interest Rates Toward Normalization

Rising Confidence in Expansion is a Key Factor Federal Reserve raises its benchmark rate by 25 basis points due to a positive economic outlook. The Fed’s confidence has improved significantly over the past year given the steady retail sales growth and tightened labor market. Rising Fed Funds do not necessarily align with Treasury rate movement,… Read more »

March 16, 2017

NJ Bisnow Features Karly Iacono

Iacono has been praised for her ability to help countless owners make the transition from Multifamily or Industrial properties to stable, management free Net Leased properties. “We are able to replace or increase cash flow in many cases while offering clients a material lifestyle change.” Iacono said. Read more about the teams’ successes from one of… Read more »

February 21, 2017

New Exclusive Listing – Northern NJ NNN Walgreens

NNN Walgreens – West Milford NJ Address: 1502 Union Valley Road, West Milford NJ 07480 Price: $10,655,238 Cap Rate: 5.79% (2019) Square Feet: 12,350 Investment Overview: Marcus and Millichap is pleased to exclusively present a Walgreens investment property located in the affluent community of West Milford, NJ. This NNN property has 17.5 years remaining in… Read more »

February 09, 2017

Investors Continue to Turn to Drug Stores for Income Security

Investors Attracted to Drug Stores due to Income Security, Long Lease Terms, and Strong Drug Store Sales from Aging Population Drug Sales Increase from New Pharmaceutical Treatments and Increase of Insured Americans: Due to a greater number of people with medical insurance and pharmaceutical innovation that offers new treatments for a range of maladies, prescription… Read more »

January 18, 2017

Retail Sector Evolves as Consumer Preferences Change

Holiday Sales Reveal Promising Outlook  Retail sales from November through December 2016 increased with a 4% gain on a year-over-year basis. This gain outpaced the 10-year average of 2.5% growth, allowing consumer confidence to reach the highest level since August 2007.    Department Store Sales Struggling This past year department stores battled to gain traction, with… Read more »

January 11, 2017

Employment Acceleration; Increasing Wages Support Real Estate Outlook

The Employment Market Has Progressively Expanded, Tightening the Labor Market The employment market has steadily grown last year despite various unanticipated events that could have affected job expansion. In 2016, 2.2 million jobs were created allowing the unemployment levels to drop to its lowest level since 2007. The economy has generated 75 straight months of… Read more »

December 22, 2016

Increased Fed Rate Results in Mixed Signals for Investors

The Federal Reserve Raises Interest Rate The Federal Reserve increased its overnight rate by 25 basis points to a range from .50 percent to .75 percent. This decision reiterates the positive  economic outlook for 2017 that could accelerate monetary policy this upcoming year. Rising rates will remain a significant factor in the commercial real estate… Read more »

December 13, 2016

New Exclusive Listing! New Britain Plaza, Newburgh NY

New construction four tenant retail strip center anchored by Dunkin Donuts and Ulster Saving bank. The Iacono Retail Group of Marcus & Millichap is pleased to present a new construction, fully leased, NNN four tenant strip center in desirable Newburgh, NY. The strip is anchored by Dunkin Donuts and Ulster Savings Bank. All tenants have… Read more »

October 10, 2016

Why A Tight Labor Market Is Good For Real Estate

Hiring Positive but Restrained by Tight Labor Market Wage Pressure Emerging Hiring in September reaffirmed that job creation is moderating from the elevated levels of the past two years. The downshift to a more tempered pace likely reflects a shortage of qualified workers as unemployment hovers near 5.0 percent. Accelerated wage gains offer some evidence… Read more »

September 20, 2016

Exclusive Listing – CVS Leasehold Portfolio

The Iacono Retail Group of Marcus & Millichap is pleased to exclusively offer to qualified investors the leasehold interest in five CVS Pharmacy retail properties. The leasehold interest includes the building and improvements through the term of the lease and extension options. Each asset is subject to a long term ground lease with CVS paying… Read more »

September 08, 2016

Update on Walgreens – Rite Aid Merger

Walgreens Boots Alliance Provides Update on its Pending Acquisition of Rite Aid DEERFIELD, Ill. –(BUSINESS WIRE)– Walgreens Boots Alliance, Inc. (Nasdaq:WBA) today provided the following update on its pending acquisition of Rite Aid Corporation ( NYSE : RAD). Walgreens Boots Alliance and Rite Aid remain actively engaged with the Federal Trade Commission (FTC) regarding its… Read more »

August 11, 2016

Solid U.S. Job Growth in July Brightens Economic Outlook

Labor Market Trend of Payroll & Wage Growth Exceptional payroll growth in July and upward revisions to job gains in the preceding two months underline the persistent strength of the U.S. economy, which is now in its seventh year of expansion. Secondary indicators of labor market activity, including unemployment claims, the unemployment rate and wage… Read more »

July 25, 2016

How E-Commerce is Reshaping Brick-and-Mortor Retail

Internet Shopping becomes a Destination Hub The rise of Internet shopping as a destination hub is reshaping the economy, steering spending toward new sellers and platforms as product selection, delivery times and convenience improve. The ascent of this trend is spawning the creation of Internet-based businesses and pressuring traditional retailers to adapt as mobile commerce and… Read more »

July 12, 2016

The Silver Lining to BREXIT

Contrary to polls and predictions, citizens of the United Kingdom voted to leave the European Union, creating uncertainty that induced a sharp decline in global equity markets. The British currency fell dramatically, boosting the value of the U.S. dollar, and the quick re-deployment of capital to safer assets pushed U.S. Treasury rates to their lowest… Read more »

April 20, 2016

Foreign Investment in United States Commercial Real Estate

A recent survey by the Washington-based Association of Foreign Investors in Real Estate, or AFIRE,  revealed that a large percentage of foreign investors are expected to invest more in US real estate in 2016 than they did in 2015. It may be noted that the members of AFIRE hold around $2 trillion of the global… Read more »

April 04, 2016

Could Better Burger Be Chipotle’s New Flag?

Chipotle Mexican Grill Inc. may be diversifying its business and launching a new burger restaurant chain. The company has stated that it has applied for ‘Better Burger’ as a trademark which has been confirmed by the official website of the U.S. Patent and Trademark Office. Chipotle has already diversified into 2 smaller restaurant chains featuring… Read more »

April 01, 2016

Dollar General’s Aggressive Expansion Plan for 2016

Dollar General Corporation is a value for money shopping destination that has been in business for 75 years. It offers a wide variety of products at affordable prices in convenient neighborhood locations. As of January 2016, Dollar General had 12,483 stores spread across 43 states. 2015: A banner year for Dollar General and the future… Read more »

February 22, 2016

Sports Authority Facing Chapter 11

Sports Authority is said to be seeking the protection of Chapter 11 Bankruptcy after failing to make a $20 million interest payment to its creditors on a $343 million loan in January 2016. Since the acquisition of Sports Authority in 2006 by Leonard Green & Partners LP, the company has seen a notable decline from… Read more »

February 02, 2016

5 Things that will Influence Commercial Real Estate in 2016

2016 looks like it will be quite a ride. Here is a look at domestic demand, stock market volatility, foreign investment, urban markets and interest rates. 1.Net Leased Demand from Domestic Investors Remains Strong The net leased market is facing very limited supply of quality assets and an overwhelming demand. More than ever investors are looking to net leased… Read more »

January 08, 2016

Understanding 1031 Exchanges

What is a 1031 Exchange? A 1031 Exchange, also referred to as a Starker exchange, allows investors to defer capital gains while trading up to larger or higher quality properties. While there are three types of exchanges, simultaneous, reverse, and deferred – deferred exchanges account for 95 percent of these types of transactions. When selling… Read more »

January 04, 2016

Understanding and Evaluating Net Leased Investments

Before you can effectively evaluate a net leased investment you need to understand the basic terms. Key Terms in Net Leased Investing 1031 Exchange A tax benefit that allows an investor to sell an investment property and buy another investment property using the proceeds from the sale. This provision allows capital gains taxes on the… Read more »

December 20, 2015

Asset Disposition

At Marcus & Millichap We Make A Market For Every Property We Represent With nearly 1,500 investment professionals throughout the United States and Canada, Marcus & Millichap is the largest brokerage firm focused exclusively on investments. By specializing 100 percent on investments and organizing our sales force into property specialty groups, we provide clients with… Read more »

December 17, 2015

The Fed Finally Raised Interest Rates – Did Anyone Notice?

After analyzing, discussing, and generally fretting over the FED’s every move, the long awaited interest rate hike came with virtually no response from, well, anyone. The 0.25% hike was absorbed without any noticeable impact on the cre market. With the conflicting forces of the instability in China and around the globe and the strengthening US… Read more »