It is no secret that retail is dying, and the biggest problem retailers have today is themselves. They want to do things the old way. The way that used to work. Lower prices are a race to the bottom. To bankruptcy. You can't out-Walmart Walmart or out-Amazon Amazon. So what do retailers need? Engagement. Think [...]
The real estate appraisal industry, like most industries, is stuck in old thinking. Perhaps the worst of this thinking is the term and concept of Neighborhood. Most people correctly understand neighborhood as a collection of homes and perhaps businesses near their homes. Google images of neighborhood and you get what most people imagine a neighborhood [...]
Picture this: Two side-by-side five-acre interior (not corner) lots with 500 feet of frontage. The lots are located on a major highway and are improved with two identical steel frame and masonry buildings, 100,000 square feet in size with 32 foot ceilings. One building is zoned for retail use, suitable for occupancy by a "big [...]
Why is your fee so high? It’s just a little pizza parlor. On a corner. In the middle of a residential neighborhood. It is only assessed for $125,000. Because it is very difficult to appraise. Often the small and the cheap are the hard and expensive. So let’s compare the pizza parlor to a 100,000 square [...]
Online retailer Bonobos, not to be confused with the eponymous simian, wants to be the Amazon of Pants. Men's pants, specifically. [I perused the Bonobos website. They indeed have a wide variety of men's pants. If you live in the West Village. Of if you are built like Adam Scott. The actor or the golfer, take your [...]
