The implications of Amazon’s $13.7-billion Whole Foods Market purchase will go significantly beyond the world of grocery stores, potentially reshaping retail districts in downtowns and suburban shopping areas across America. Not long ago, the typical American strip mall had a video store, music store and a supermarket. However, Napster and iTunes slayed the neighborhood music
What is Cap Rate? Simply put, Cap rate is the percentage of return from an investment based on the income the property is expected to generate. It is calculated when you divide the NOI (Net Operating Income) by the total acquisition costs (or the price paid for the property). The purpose of finding the cap
The Burbank Empire Center has been purchased for more than $133 million, according to CoStar Group Inc. The 350,000-square-foot, Class A office at 2300 W. Empire Ave. sold for about $380 a square foot to New York Life Real Estate Investors in San Francisco, the real estate arm of a subsidiary of New York Life