Tuesday, March 20, 2012

Wendy’s has dethroned Burger King

NEW YORK — Wendy’s has dethroned Burger King as the country’s second biggest hamburger chain.

Wendy’s edged out Burger King in U.S. sales volume for the first time last year since Wendy’s was founded in 1969, according to a report by the food industry research firm Technomic Inc. that’s set to be released next month.
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Wendy’s had sales of $8.5 billion in 2011, compared with $8.4 billion. McDonald’s remained far larger than both with $34.2 billion in sales.
The figures are based on Technomic’s estimates of system-wide sales at franchise and company-owned restaurants, rather than corporate revenue, which includes fees from franchise operators. Worldwide, Burger King still has far more restaurants than Wendy’s and remains the second biggest hamburger chain behind McDonald’s.


Monday, March 19, 2012

Distressed Commercial Real Estate Continues Retreat

The amount of commercial real estate backed by troubled loans in the United States continues to fall from a high of $191.5 billion set in March 2010.

So-called distressed real estate, which included properties in default or foreclosure and real estate taken over by lenders, totaled $166.9 billion in January 2012, down $4.7 billion since October 2011, according to data from Real Capital Analytics.

Tuesday, March 13, 2012

David Sobelman will be a Featured Moderator at the ICSC in Vegas

David Sobelman, executive vice president of calkain companies, will be a featured moderator at the ICSC Net Lease property panel in Las Vegas

ICSC is hosting the first ever Net Lease Property Panel Discussion to take advantage of the confluence of attendees at the RECON conference. Hear from the industry's foremost and dynamic practitioners.

Topics to be discussed are:

• Developer issues and dynamics of today's single tenant properties
• Institutional investments and trends of net lease properties
• Brokerage perspectives and market analysis
• Legal issues when working with single tenant properties

David has been with Calkain since its inception. While not only charged with overseeing the operations and transactional activity for the firm, David works with our exclusive clients.

A critical part to the expansion and development of Calkain, David has been a part of the divisional growth of the firm into private-market and institutional transactions and due diligence assessments.

David is considered by many as an expert in his field and is consistently sought out for his opinion and counsel.

RECon conference is the global convention for the shopping center industry and provides networking, deal making and educational opportunities for retail real estate professionals from around the world. With over 30,000 attendees and 1,000 exhibitors it is the largest industry convention, making it an unparalleled opportunity to do a year's worth of business in just three days! So if you are looking to meet with retailers to discuss new or existing leases in your center, then you need to have a presence at RECon.