July 1, 2008 | Vol. 6 No. 13

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Volume 6 - Number 13 | July 1, 2008

TOP STORY: Single-Tenant Retail Cap Rates Up Across All Segments
By Michelle Napoli
Marcus & Millichap's recent Single Tenant Outlook Report shows cap rates on the rise, with the investment outlooked mixed for the remainder of 2008.

JLL Beefs Up Cap Markets With Merger; Retail, Cypress Remain Independent
By Michelle Napoli
Jones Lang LaSalle adds strength to its capital markets presence following Staubach acquisition. Meanwhile, Staubach Retail and Cypress Equities remain separate from the merger.

KanAm Sells RadioShack HQ; Retailer Assigns Lease To New Owner
By Michelle Napoli
The German company sells the 900,000-sf headquarters to Tarrant County College District for a reported $238 million. The new owner gets the leasing assignment.

Insider: Hirschfeld Ventures’ John D. Hirschfeld
By Michelle Napoli
NET LEASE forum talks to John Hirschfeld with Hirschfeld Ventures LLC about his actions in retrofitting buildings to green standards.

Ratings Update: Mixed Reviews For Rite Aid

Short Takes: Carey Amsterdam Office Launched

Recent Transactions: EPR Closes Third Tranche Of Charter School Buys

Data Points: CBRE Brokers Predict Even Higher Cap Rates For Walgreens Stores
A recent study released shows that cap rates for the retailer property could move as high as 7%.