Down and Dirt

Real estate flat to down, but not out; buyer financing key.

Angel Abcede, Senior Editor/Tobacco, CSP

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In New York, 7-Eleven officials are seeing lease rates 30% below what they were just six months earlier.

Further south, in Atlanta proper, RaceTrac Petroleum is building a new store in what was once the fastest-growing city in America, where the price of land has also become more favorable.

Then up in LaCrosse, Wis., falling multiples have officials with Kwik Trip considering acquisitions—a break from the company’s longstanding  new-build growth strategy.

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