Net lease investors see drugstores as solid, no-nonsense investments, and with an unstable market that's music to an investor's ears.
Elaine Misonzhnik reports on why drugstores are seen as a safe bet:
"That's because drugstore chains typically sign leases for at least 20 years, with additional renewal options extending their terms to as much as 75 years in total. Moreover, two of the three major drugstore chains in the market-Walgreen Co. and CVS Caremark Corp.-come with investment grade credit ratings. That makes it easier for buyers to secure financing and is a big reason why the assets continued to trade throughout the downturn."
FULL STORY: Net Lease Investors Remain Enamored With Drugstores
Traditional Retail is Hanging by a Thread. What Now for Cities?
After Kaid Benfield paints a rather grim retail outlook — where even retail bastions like San Diego are going dark — he suggests a series of actions for city leaders and planners.
DC Announces ‘Office to Anything’ Adaptive Reuse Program
The program complements an existing residential conversion initiative and could yield up to 2.5 million square feet of new commercial space.
Shifts in Shopping: Transforming Malls Into Parks
Maybe zombie malls still have a second life — one with a little greenery.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
USGS Water Science Centers Targeted for Closure
If their work is suspended, states could lose a valuable resource for monitoring, understanding, and managing water resources.
Austin’s Building Boom Not Reaching Lowest-Income Families
Despite having the highest rate of affordable housing construction in the nation, Austin is still underproducing housing for the neediest households.
New Indianapolis Bridge Prioritizes Walking, Biking
Over half the surface of the Fall Creek Bridge is devoted to walking and biking paths.
New Hampshire House Passes Parking Reform Bill
The revised bill, which caps parking requirements at one spot per residential unit and eliminates exemptions, will go back to the Senate for a new vote.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
New York City School Construction Authority
Village of Glen Ellyn
Central Transportation Planning Staff/Boston Region MPO
Chaddick Institute at DePaul University
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions