6 Thoughtful Valentine's Day Gifts For The Man In Your Life

6 Thoughtful Valentine's Day Gifts For The Man In Your Life


Men are notoriously difficult to shop for, especially after the flurry of gift-giving these last few months. Whether he’s a food fanatic or tech-loving audiophile, find something he’ll actuall…

Guardia Costera interceptó 2 yates que alquilaban viajes de forma ilegal en Miami

Guardia Costera interceptó 2 yates que alquilaban viajes de forma ilegal en Miami

La Guardia Costera de Estados Unidos interceptó 2 yates que alquilaban viajes de forma ilegal en Miami desde el Marine Stadium. «Un miembro del equipo de abordaje de la estación de la Guardia Costera de Miami Beach se asoció con los oficiales de FWC y llevó a cabo un abordaje del barco Miami Boss de […]

La entrada Guardia Costera interceptó 2 yates que alquilaban viajes de forma ilegal en Miami se publicó primero en Miami Diario.

Ready players: 5M-sf e-sports complex rises in Shanghai

Ready players: 5M-sf e-sports complex rises in Shanghai

(Super Gen via Twitter/ArjunKharpal, Getty)

(Super Gen via Twitter/ArjunKharpal, Getty)

 

A nearly 5.4-million-square-foot e-sports complex will be built in Shanghai, meant to solidify the city as the center of the competitive gaming industry.

Work has begun on the Shanghai International New Cultural and Creative E-Sports Center, expected to cost nearly $900 million, according to CNBC.

“E-sports” refers to both competitive video games and the wider industry that’s emerged around them. That industry generated about $1.1 billion last year, according to games market research firm Newzoo, and is attracting big investments worldwide. In New York City, Dynamic Star is planning an e-sports arena for its Fordham Landing project in the Bronx.

Epic Games, the company behind the hit game, “Fortnite,” recently purchased a nearly 1 million-square-foot mall in North Carolina it will convert into its headquarters.

China-based company SuperGen, which owns the e-sports team Edward Gaming, is the main backer of the project in Shanghai. The complex is designed as a place where e-sports teams and companies can be based. It’s anchored by a 6,000-seat arena and a hotel, according to sports venue news outlet Coliseum.

The complex can host around 10,000 people per day and SuperGen plans to host around 300 competitions each year. The complex is being developed in phases and is expected to open in 2024.

China is the largest e-sports market in the world. About 70 percent of the 720 million gamers in the country play e-sports, CNBC reported. Shanghai hosted the 2020 World Championship of “League of Legends,” one of the largest e-sports events in the world. The event was watched by 3.8 million people.

[CNBC] [Coliseum] — Dennis Lynch 

The post Ready players: 5M-sf e-sports complex rises in Shanghai appeared first on The Real Deal South Florida.

Ready players: 5M-sf e-sports complex rises in Shanghai

(Super Gen via Twitter/ArjunKharpal, Getty)

(Super Gen via Twitter/ArjunKharpal, Getty)

A nearly 5.4-million-square-foot e-sports complex will be built in Shanghai, meant to solidify the city as the center of the competitive gaming industry.

Work has begun on the Shanghai International New Cultural and Creative E-Sports Center, expected to cost nearly $900 million, according to CNBC.

“E-sports” refers to both competitive video games and the wider industry that’s emerged around them. That industry generated about $1.1 billion last year, according to games market research firm Newzoo, and is attracting big investments worldwide. In New York City, Dynamic Star is planning an e-sports arena for its Fordham Landing project in the Bronx.

Epic Games, the company behind the hit game, “Fortnite,” recently purchased a nearly 1 million-square-foot mall in North Carolina it will convert into its headquarters.

China-based company SuperGen, which owns the e-sports team Edward Gaming, is the main backer of the project in Shanghai. The complex is designed as a place where e-sports teams and companies can be based. It’s anchored by a 6,000-seat arena and a hotel, according to sports venue news outlet Coliseum.

The complex can host around 10,000 people per day and SuperGen plans to host around 300 competitions each year. The complex is being developed in phases and is expected to open in 2024.

China is the largest e-sports market in the world. About 70 percent of the 720 million gamers in the country play e-sports, CNBC reported. Shanghai hosted the 2020 World Championship of “League of Legends,” one of the largest e-sports events in the world. The event was watched by 3.8 million people.

[CNBC] [Coliseum] — Dennis Lynch 

7 Gift Ideas For A Fun-Filled Galentine's Day

7 Gift Ideas For A Fun-Filled Galentine's Day


Expressing one’s love should go beyond just romantic relationships. We love our friends, too! This February 14th, show your girls some appreciation with one or more of these affection-fi…

Dra. Gemma Carrillo: “Decisión de juez de inmigración crea caminos para estudiar”

Dra. Gemma Carrillo: “Decisión de juez de inmigración crea caminos para estudiar”

En una decisión sin precedentes, un juez de Miami dictaminó que cualquier inmigrante liberado por el Departamento de Seguridad Nacional sin una orden de deportación, es elegible para la libertad condicional. La orden ya fue aplicada a cinco cubanos. El fallo de este juez de inmigración ocurrido recientemente beneficia específicamente a los cubanos que llegaron […]

La entrada Dra. Gemma Carrillo: “Decisión de juez de inmigración crea caminos para estudiar” se publicó primero en Miami Diario.

Retail rent collections rebound to 90%

Retail rent collections rebound to 90%

Before the pandemic, national tenants paid 94 percent of rent. (Getty)

Before the pandemic, national tenants paid 94 percent of rent. (Getty)

 

The pandemic has exacerbated the retail sector’s pre-existing problems, deteriorating rent collections and forcing landlords to make compromises with their tenants. But there were some encouraging signs as 2020 came to a close.

Before the pandemic, national tenants paid 94 percent of rent. When Covid-19 hit, that all came crashing down, according to the latest report by Datex Property Solutions, with that figure dropping to just 62 percent in the second quarter of 2020.

“It was a major body blow,” Datex Property Solutions CEO Mark Sigal said.

But by the end of 2020, things returned to something resembling normal: In the fourth quarter, rent collections had rebounded to 90 percent, which Sigal defines as the “new normal.”

For the entirety of 2020, rent collection was at 83 percent — only about 2 percent lower than it was in 2019.

The chains included in Datex Property Solutions’ survey all have a minimum gross monthly rent of $250,000 or lease 10 or more locations. The report does not account for any rent relief provided to the retailers by their landlords.

Some sectors fared better than others: Apparel fell from having 89 percent rent collection at the start of the year to 34 percent in the second quarter of 2020. By the fourth quarter, collections had gone back up to 87 percent.

And supermarkets — which were classified as “essential” during the pandemic — never saw rent collections fall below 96 percent, according to the data.

The fitness category, meanwhile, had a huge drop in rent collections at the beginning of the year, going from 95 percent in the first quarter to 14 percent in the second. By the fourth quarter collections were still down at 72 percent, while occupancy costs took up 49 percent.

The chain 24 Hour Fitness saw rent collections plummet to 8 percent in the second quarter, but even by the fourth quarter, collections were only at 29 percent. For the year, 24 Hour Fitness paid only 40 percent of its rent. The company filed for bankruptcy in the middle of the year.

Few retailers did worse than that, but one that did was Regal Cinemas, which paid only 32 percent of its annual rent. After increasing from 4 percent in the second quarter to 18 percent in the third, the movie theater chain dropped to 5 percent in the fourth quarter. The chain faced major financial struggles as its theaters remained closed in many markets, but got a $450 million bailout near the end of the year.

Despite the struggles, it looks like few retailers gave up. Total occupancy remained around 87 percent throughout the year, while early terminations remained low.

However, occupancy costs have risen across the board. That, coupled with rent costs and further pandemic-related lockdowns, means that challenges remain for retailers in 2021.

“It’s not like these tenants have magically gotten healthy,” Sigal said. “It’s not like most landlords have dramatically cut back their overhead. It’s not like banks have said, ‘Hey, don’t worry about the loans.’”

[contact-form-7]

The post Retail rent collections rebound to 90% appeared first on The Real Deal South Florida.

Retail rent collections rebound to 90%

Before the pandemic, national tenants paid 94 percent of rent. (Getty)

Before the pandemic, national tenants paid 94 percent of rent. (Getty)

The pandemic has exacerbated the retail sector’s pre-existing problems, deteriorating rent collections and forcing landlords to make compromises with their tenants. But there were some encouraging signs as 2020 came to a close.

Before the pandemic, national tenants paid 94 percent of rent. When Covid-19 hit, that all came crashing down, according to the latest report by Datex Property Solutions, with that figure dropping to just 62 percent in the second quarter of 2020.

“It was a major body blow,” Datex Property Solutions CEO Mark Sigal said.

But by the end of 2020, things returned to something resembling normal: In the fourth quarter, rent collections had rebounded to 90 percent, which Sigal defines as the “new normal.”

For the entirety of 2020, rent collection was at 83 percent — only about 2 percent lower than it was in 2019.

The chains included in Datex Property Solutions’ survey all have a minimum gross monthly rent of $250,000 or lease 10 or more locations. The report does not account for any rent relief provided to the retailers by their landlords.

Some sectors fared better than others: Apparel fell from having 89 percent rent collection at the start of the year to 34 percent in the second quarter of 2020. By the fourth quarter, collections had gone back up to 87 percent.

And supermarkets — which were classified as “essential” during the pandemic — never saw rent collections fall below 96 percent, according to the data.

The fitness category, meanwhile, had a huge drop in rent collections at the beginning of the year, going from 95 percent in the first quarter to 14 percent in the second. By the fourth quarter collections were still down at 72 percent, while occupancy costs took up 49 percent.

The chain 24 Hour Fitness saw rent collections plummet to 8 percent in the second quarter, but even by the fourth quarter, collections were only at 29 percent. For the year, 24 Hour Fitness paid only 40 percent of its rent. The company filed for bankruptcy in the middle of the year.

Few retailers did worse than that, but one that did was Regal Cinemas, which paid only 32 percent of its annual rent. After increasing from 4 percent in the second quarter to 18 percent in the third, the movie theater chain dropped to 5 percent in the fourth quarter. The chain faced major financial struggles as its theaters remained closed in many markets, but got a $450 million bailout near the end of the year.

Despite the struggles, it looks like few retailers gave up. Total occupancy remained around 87 percent throughout the year, while early terminations remained low.

However, occupancy costs have risen across the board. That, coupled with rent costs and further pandemic-related lockdowns, means that challenges remain for retailers in 2021.

“It’s not like these tenants have magically gotten healthy,” Sigal said. “It’s not like most landlords have dramatically cut back their overhead. It’s not like banks have said, ‘Hey, don’t worry about the loans.’”

Zoom Ready: Step Up Your Style With These Chic Pieces

Zoom Ready: Step Up Your Style With These Chic Pieces


The modern woman curates graphic elements and an artfully proportioned approach to sophisticated style.
Stella McCartney resort 2021

Bottega Veneta two-tone top, net-a-porter.com
Michael Ar…

Artista colombiana presentó mural en Wynwood Art District

Artista colombiana presentó mural en Wynwood Art District

El arte siempre es una manera de expresión y así lo demostró Julianna Plexxo, con su mural  que fue presentado este jueves en el Wynwood Art District. La artista neogranadina tituló su mural “Latinoamérica”, en honor a sus orígenes y como una muestra de los colores que  puede haber de este lado del continente. Plexxo […]

La entrada Artista colombiana presentó mural en Wynwood Art District se publicó primero en Miami Diario.