@BreckRetailDev Profile picture

Breck DeHart

@BreckRetailDev

RETAIL development, acquisitions & operations

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I started my CRE career in the office world (first 3.5 yrs). Since jumping into retail development (3.5 yrs in) I firmly believe RETAIL has TRUE competitive drivers that benefit strategy and intentionality. Here is why: 1. Value is more "real" (pun intended)... Retail, in…


Breck DeHart Reposted

The story of @BreckRetailDev and how he timed the office market perfectly!


Let's talk #restaurants: According to Yelp, there was a substantial increase in openings in the F&B sectors. Here are 3 data points: 1. 53,793 NEW restaurant openings in 2023, up 10% from 2022. 2. Openings in the "nightlife" category rose 11% y-o-y. 3. Food businesses (food…


Let's talk PNC: Similar to the likes of Chase Bank, PNC plans to invest in new units and up-fits of their existing units. $1B. 100 new branches. 1,200 renovations. #cre #retailers #retailrealestate #retail #commercialrealestate #retwit #crex shoppingcenterbusiness.com/pnc-bank-to-in…


Let's talk @blackstone and @7BrewCoffee: Blackstone is entering the operator sector with their "growth investment" in & Brew. The intent of Blackstone's investment is to enable the next generation drive-thru beverage giant's already-rapid expansion across the US. Blackstone,…


Let’s talk Chipotle Mexican Grill: CEO Brian Niccol commented, “fundamentally those better-than-expected results are an indication that Chipotle remains a great value”. By the end of Q4, same-store sales were up 8.4%, driven by a 7.4% increase in transactions. In 2023,…


Let’s talk Amazon technology, “Rufus”: Move over Alexa, Amazon’s Rufus product is an AI shopping assistant trained on Amazon’s catalog and supplemental information collected from the wed to answer customer questions specific, but not limited to, shopping needs, product…


Let's talk restaurants: Despite projections for the restaurant industry to earn "$125M per hour" in 2024, operators remain cautiously optimistic due to a lack of profitability. The lack of profitability comes due to increased cost(s) of labor, food, and inflation. #retail #qsr


Let's talk mixed-use (#MXU) development: People crave engaging, memorable, experiences and there is no better destination than a MXU developments that creates a harmonious blend of retailers, restaurants, entertainment venues, office space, hotels and housing. At the forefront…


Let’s talk luxury brand, Neiman Marcus Group (NMG): In 2020, NMG filed for bankruptcy and refinanced an additional $1.1B in debt the year after. At the time they were overleveraged, CEO Geoffroy van Raemdonck adds “[NMG] couldn’t invest in the business. We were very focused on…


Let’s talk Amazon: The e-commerce giant’s Q4 online sales increase 9% year over year, amounting to $70.5B in sales. Their physical store sales increase 4% to $5.2B. Total company net sales, including AWS cloud services, rose 14% to $170 billion. Net income reached $10.6…


Let’s talk Chase Bank (JPMorgan Chase & Co.): JPMorgan plans to open 500 new Chase Bank units over the next three years. In addition to supplementing their footprint in major markets, the financial giant intends to enter several new markets, including “low- to moderate-income…


Let’s talk @ChipotleTweets: Chipotle continues unprecedented growth targeting 285-315 new unit openings in 2024 (271 units in 2023). Also notable from the article: – Net income for 2023 was $1.23 billion ($899.1 million in 2022) - 7.9% increase in sales during 2023 (according…


Let's talk Wawa: Currently operating over 1,000 units, the Pennsylvania-based, @Wawa, continues its rapid growth. Wawa sets their sites on opening over 340 units in 7 new states (GA, AL, NC, TN, KY, OH, IN). #growth #retail #retailrealestate #cstore #gas #commercialrealestate

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Let's talk #proptech Albeit only the last few minutes of the podcast, David Moore of Knightvest Capital, comments: "it is a dinosaur industry...". When @fortworthchris comments further, David elaborates on some of the inherent issues by adding, "don't make me have to buy your…


Preach! Growth, growth, growth!

“It’s heartbreaking to me that so many people … in one of the largest and fastest growing cities in the country feel entitled to single-family density,” he added.



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