Commercial Real Estate News Headlines

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March:

A Massive East Portland Pickleball Venue Swings Open This Summer With Culinary Heavy Hitters

Everything to know about The People’s Courts menus from Olympia Provisions’ Nate Tilden and Apizza Scholls’ Brian Spangler

CRE Meets the AI Generation

How the emergence of artificial intelligence could change the industry, according to Deloitte’s John D’Angelo.

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Why 2023 Might Be an Ideal Time to Consider This Untapped CRE Opportunity: Farmland

Last year brought a wave of unnerving economic developments across the U.S.

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Taco Bell franchisee reaches 300-unit milestone with plans to double in the next five years

Diversified Restaurant Group promoted SG Ellison to CEO to support its next phase of growth, which includes a goal of doubling its revenue and store count in five years through acquisitions, new-builds and, potentially, a new brand.

Double Mountain Brewery Will Take Over the Former Lucky Labrador Space in North Portland

​Plus, Reverend Nat’s Cider is serving free drinks to trans customers, and more news to know

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CRE Sizes Up Fed’s Latest Rate Hike

​Reactions were mixed, with some seeing a clear silver lining in Jerome Powell's signals.
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Lake Oswego Is Getting a Tex-Mex Spot From a Portland Restaurant Group Giant

The newest restaurant from the Chefstable group is taking over the Tasty space at Lake Oswego’s Mercato Grove development

Ross to open 100 stores this year

​Ross Stores wants to reach a triple-digit goal this year.

Despite ongoing pressures, QSR franchising is projected to have a strong year

The International Franchise Association projects QSR franchising to grow by 2.5% this year, versus 1.9% for the overall franchising industry.
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Dough Zone’s 2022 Dumpling Debut Leads to Two More Portland Restaurants

​The ever-expanding dumpling chain has its sights set on Beaverton and Happy Valley next

How Dave’s Hot Chicken grew from 2 units to 118 in just 3 years

The chicken brand’s meteoric rise is driven by a national supply chain deal, an emphasis on recruiting highly experienced operators and strong word of mouth.

February:

Smooth sailing ahead for (most) off-price retailers

TJX is a standout in a space that continues to benefit from a dicey economy, while Nordstrom Rack struggles to gain a foothold.

How Freddy’s plans to become one of the biggest burger concepts

Freddy’s will have 800-plus units by 2026 and CEO Chris Dull said the brand has potential to get to over 3,000.

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Party City plans to close 22 stores in bankruptcy

As part of an effort to wind down underperforming stores, Party City is planning to close around 22 stores

Fat Brands opened a record number of stores in 2022

This is the first time Fat Brands has opened over 100 units in one year, the company wrote in an email to Restaurant Dive. 

Doug Fir Lounge Will Move Into the Former Bistro Montage Space

According to public documents, Doug Fir will move into a different iconic Portland building
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While sales remain positive, casual-dining chains are suffering and quick-service brands thriving from The Great Trade Down

Commercial real estate investment can be confusing, especially when it comes to evaluating the performance of a property. 

Store openings outpace closures in 2022: Coresight

Retailers opened 5,103 stores last year and closed 2,603 locations, according to the report.

Industrial Sector to Maintain Winning Streak in 2023

Despite economic headwinds, expansion will continue, though at a slower pace, according to CommercialEdge.

Subway confirms it is looking to sell

Subway confirmed Tuesday that its shareholders are considering a sale of the company.
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How 10 restaurant companies performed in their latest quarters

While sales remain positive, casual-dining chains are suffering and quick-service brands thriving from The Great Trade Down
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These REIT Sectors Face Slower Growth

A recession will temper the pandemic recovery, according to Fitch's Chris Wimmer.

McDonald’s increased traffic counts drive strong Q4 results

The company’s domestic comp sales were up 10.3% on the quarter, with a traffic increase of 5% systemwide, bucking overall industry trends.

January:

McDonald’s increased traffic counts drive strong Q4 results

The company’s domestic comp sales were up 10.3% on the quarter, with a traffic increase of 5% systemwide, bucking overall industry trends.

Real Estate Capital Markets Recovery Likely Around Mid-2023: CBRE

A recovery in the real estate capital markets is likely to begin around the middle of the year, with transaction activity becoming better supported over the course of 2023 as financial stresses start to ease

Macy’s CEO: ‘We are in the final stretch’ of closing stores

Closing full-line stores across the country has been part of Macy’s turnaround strategy.  The retailer is also diversifying its store fleet with off-mall locations. 

Will CRE Construction Hold Steady in 2023?

This consensus index points to an uptick in the near term.

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After a Lengthy Closure, Longstanding Portland Spots Besaw’s and Solo Club Will Reopen

Owner Cana Flug has enlisted the help of another Northwest Portland bar owner to revive her businesses

Total holiday spend grew nearly 7% in 2022: report

Following sales growth predictions for the holiday season, consumer holiday-related spending rose by 6.7% compared to 2021

Top 10 Commercial Real Estate Trends for 2023

Industry experts offer a peek at the year ahead. Few are expecting business as usual.

Net Lease Cap Rates Increase for 3rd Consecutive Quarter

The Boulder Group's Randy Blankstein on how macroeconomic factors are impacting this sought-after sector.​

This New Tigard Restaurant Specializes in Donburi

Donburi Factory serves various iterations of the iconic Japanese dish, topped with everything from unagi to thinly shaved beef​

Shake Shack expects to open up to 70 units in 2023

Shake Shack expects to open 65 to 70 restaurants this year, Shake Shack CFO Katie Fogertey said Tuesday during the ICR Conference.

Shallow Recession or Global Financial Crisis?

Finding a balance among conflicting economic factors will be tricky in the year ahead, according to Integra Realty Resources’ 2023 forecast.

Sears Hometown stores disappearing from rural America

All 115 Sears Hometown stores run by independent dealers across 36 states and Puerto Rico are winding down their businesses and holding liquidation sales, offering discounts of up to 40%.

Magna Kubo Is Bringing Filipino-Style Rotisserie Meats to Beaverton

The new restaurant from chef Carlo Lamagna is coming this spring

Report: QSR traffic down 4.2% in Q4

QSR traffic was down by 4.2% in Q4 2022 compared to the year-ago period, while net sales were up 6.1% during this time
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Why the restaurant rent model needs to change

As rent delinquencies remain high across several markets, some experts suggest taking a different approach to lease negotiations.

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Subway faces bumpy road on way to potential sale

Brand retained advisers for a deal with an estimated valuation at $10 billion-plus, according to Wall Street Journal report
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9 retail trends to watch in 2023

With the threat of a recession looming, the new year brings about a slew of challenges for retailers — but not all is gloomy.

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What Will Retail Look Like in 2023?

In the third installment of our outlook series, experts take a deep dive into retail real estate trends and challenges.

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Why franchising is expected to grow in 2023

Inflated costs tend to benefit brands charging royalties and one expert expects an uptick in franchising this year accordingly