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Faris Lee: Retail is ‘Running on All Cylinders’ As the Fed Holds Rates Steady

by SCB Staff

  It’s been a rollercoaster ride for retail, but Rick Chichester, president and CEO of Faris Lee, believes it’s smooth sailing ahead through at least the remainder of 2019, if not longer. This sense of security is largely due to the Fed’s decision to hold interest rates steady after the market reacted negatively to the four increases in 2018. This clarity has also brought renewed optimism and elevated consumer confidence to the market, something Chichester wouldn’t have predicted as little as five months ago. All of this information has given …

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Chichester quote: downside to low interest rate environment is risk of creating an asset bubble
Faris Lee InvestmentsFeaturesFinanceIndustry Content

The True Cost of Cheap Debt

by SCB Staff

Faris Lee’s Rick Chichester believes the U.S. economy may have a stiff price to pay for the low interest rate environment that has continued well after the recovery. Unemployment is low. Consumer confidence is high. The Dow is around 26,000, interest rates remain at historic lows, and the Federal Reserve has paused. America is in a low inflation rate environment, and things couldn’t be better. Right? Yes and no, says Richard Chichester. The president and CEO of real estate investment advisory firm Faris Lee believes there are pluses and minuses …

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Faris Lee Investments Arranges $4.6 Million Sale of Two Retail Centers in Indio, California

by Katie Sloan

Indio, Calif. —Faris Lee Investments has arranged the sale of two retail strip centers — Rubidoux Plaza and South Rubidoux — in Indio. The properties sold for a combined total of $4.6 million. Totaling nearly 20,000 square feet, the retail centers are located along California Highway 111 and serve the entire Coachella Valley area. Tom Chichester of Faris Lee Investments represented the seller in the transactions. The names of the seller and buyers were not released.

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Faris Lee's Richard Chichester - quote on consumer confidence
Faris Lee InvestmentsFeaturesIndustry Content

Faris Lee’s Rick Chichester: Consumer Confidence Should Remain at Historic Levels Through 2019

by SCB Staff

This year got off to an interesting start, considering it ushered in the longest government shutdown in U.S. history. The 35-day shutdown — spanning from Dec. 21, 2018, to Jan. 25, 2019 — caused The Conference Board’s U.S. Consumer Confidence Index to fall from 136.4 points in November 2018 to 128.1 in December 2018. This 8.3-point drop represented the largest single-month dip since July 2015. The index fell another 6.4 points to land at 121.7 in January. In February, the index rebounded, rising to 131.4 and approaching its 18-year high …

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Faris Lee InvestmentsIndustry Content

Grocers Go Digital in the Age of Omnichannel

by Katie Sloan

Technology, e-commerce and omnichannel solutions have penetrated nearly every corner of American consumerism, with few holdouts. One of those holdouts up until recently was the grocer landscape. It’s easy to see why. Two-day delivery can be enticing when you’re ordering running socks or patio furniture, but it just doesn’t sound as palatable when you’re out of swiss chard.  Still, where there’s a window of opportunity, there’s a way. Especially when Amazon gets involved. Though online grocery ordering has been around since the last tech boom – the Dot.Bomb days that …

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