Given our current economic climate in the Midwest, particularly when it comes to real estate, I love it when there is any good news to report.
One of the headlines yesterday on REJournals.com was "Best Buy becomes first tenant in Kansas City retail center." While that is good news for KC, not any city in Ohio, it is a step in the right direction and a tiny ray of light hinting that the end of the tunnel is nearing. Retail has been one of the hardest hit areas in commercial real estate as the recession and economic worries in general has caused consumers to clamp down on spending.
The news that a retail center is finding big box tenants to anchor a new location is heartening. Walmart has also committed to this retail center. Providing two strong anchors for the site. Again, any new activity on the commercial real estate front is a positive sign and I will take whatever good news I can find.
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