Who doesn't like a Slurpee? The frozen slushy drink that causes a serious eye freeze if you drink it too fast is going to get some competition for its real estate in your local 7-Eleven store. The company announced on Friday that it is going to introduce lockers for customers so they can pick up e-commerce packages from FedEx, UPS and Walmart.
This is an interesting development that solves brick and mortar needs of companies such as Amazon, while providing a potential a new revenue source for 7-Eleven's real estate. However, the space that the lockers take up replaces valuable shelving space for beef jerky, Ring Dings, and potato chips.
As we have reported in the past, retail real estate continues to experience dramatic shifts in utilization as e-commerce continues to change the consumer landscape, and this news from 7-Eleven is a small but important indicator of the new paradigm.
USAA REAL ESTATE COMPANY
Director of Asset Management – Office
(SAN ANTONIO, TX) Position will be responsible for developing and executing property level strategies to enhance and protect asset value, meet investment objectives, and oversee key asset management issues of assigned office properties and/or portfolios.
UDR
Development Associate
(HIGHLANDS RANCH, CO) Duties include: analyzing the profitability of potential deals, working with third-party consultants to coordinate the due diligence and design process, and gathering and analyzing relevant market data.
CNL COMMERCIAL REAL ESTATE
Development Associate
(BOCA RATON, FL) Position will develop organize and present demographic, economic, and real estate market research, draw objective conclusions, make recommendations; and analyze leases, operating statements, development budgets, equity and debt term sheets, third party due diligence reports, etc.
SAN FRANCISCO STATE UNIVERSITY
Associate Director of Logistics & Facility Services
(SAN FRANCISCO, CA) Director will be responsible for strategic planning and managing the day-to-day functions of University Property Management's facilities maintenance program.
FORTRESS INVESTMENT GROUP, LLC
Chief Real Estate Development Officer
(NEW YORK, NY) Drive Shack, a start-up golf entertainment company, seeks Chief for executive team. Individual will be responsible for selecting sites, modeling the viability of sites, obtaining necessary entitlements and executing on all aspects of the design, development and construction for each location.
DELOITTE & TOUCHE
Real Estate Consulting
(NEW YORK, NY) Position will be responsible for lease audit services (for equity investors and corporate tenants) and provide a variety of due diligence services for acquisitions and/or investment transactions inclusive of examination of contractual terms, property inspections, market studies, cash flow modeling and NOI analyses.
BUILDING AND LAND TECHNOLOGY
Asset Management Analyst
(STAMFORD, CT) Position will assist asset manager in all aspects of portfolio operations including leasing, property management, accounting, and treasury; provide lease analysis for review, including net effective rent comparisons and net present value comparisons based on a variety of leases and terms; and compare current property performance with historical performance.
CUSHMAN & WAKEFIELD
Marketing Coordinator
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