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Retail real estate recovery still on, says CBRE
Los Angeles -- For the second consecutive quarter, the retail availability rate has fallen 30 basis points, according to the latest analysis from CBRE Group. The rate now stands at 12.2% and testifies to improved retailer confidence as consumer spending continues to rebound.
The availability rate tracks space that is actively being marketed and available for tenant build-out within 12 months.
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Smoothie King plans 1,000 new stores by 2018
New Orleans -- Smoothie King Franchises is targeting the Jacksonville, Fla., metro area to kick off a major expansion calling for 1,000 new franchised and corporate locations over the next five years.
With seven stores in Jacksonville, the company plans to add 10 new locations there over the next three years.
To fuel the national expansion drive, Smoothie King is offering candidates 40% off of its initial franchise fee for the first 40 agreements of 2013 — a savings of $10,000.