Thursday, November 14, 2024
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SCB Staff

Retail Insight

RECon Rewind: Period of Great Transition, Opportunity Among Key Takeaways on Show Floor 

by SCB Staff

LAS VEGAS — These are the best of times and worst of times for the shopping center industry. Rapid technological change is enabling retailers and property owners to be more creative in their spaces than ever before. Think augmented reality and ominichannel marketing. At the same time, the e-commerce model has proven to be quite disruptive for many brick-and-mortar retailers who are struggling to adapt. The spate of retail store closures continues. But retail is a living organism that inevitably evolves, adapts, and yes, thrives more often than not. Against …

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Jeff Eidson, Phillips Edison: Small changes — when scaled across the 340-plus shopping centers PECO owns and manages — can significantly reduce our environmental impact and result in cost savings.
FeaturesIndustry ContentOperationsRetail Insight

Investing in Retail Sustainability

by SCB Staff

Jeffrey S. Edison, Chairman and CEO of Phillips Edison & Company (PECO), knows sustainability will play a large role in the operation, development, design and longevity of today’s shopping centers. With that in mind, PECO has developed a number of programs and initiatives that target the three R’s: recycle, reduce, reuse. What are PECO’s sustainability goals? Edison: Our company is committed to becoming an industry leader in energy efficiency, alternative power sources, sustainable design, recycling and other initiatives that will help Phillips Edison preserve and protect the environment. We want …

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FeaturesIndustry ContentInvestment salesNet leaseRetail Insight

Express Car Washes Are A Bright Choice For Net Lease Investors

by SCB Staff

By Austin Blodgett and Eric Wohl, Hanley Investment Group The professional car wash industry is more than 100 years old. Yet, the category has only recently picked up steam as a viable alternative to traditional net leased retail properties for private investors. Savvy private investors in today’s complex real estate market are following in the footsteps of what some of the larger REITs are looking to acquire. Namely, single-tenant express car washes. Unlike a McDonald’s or a Starbucks, net leased car wash properties are still a relatively new category for …

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Mark Sigal BrightStreet Ventures: Intelligent, actionable data — when coupled with automation — changes the game, and the future is here today.
FeaturesIndustry ContentMarketingOperationsRetail Insight

Measuring What Matters: What’s All of this Real Estate Data Good For?

by SCB Staff

The great paradox of the real estate business is that, on one hand, it’s the single largest asset class on the planet with a global estimate of $228 trillion, and it generates tremendous amounts of operating, financial and market-level data. On the other hand, real estate is an industry where too much of the decision-making process is done by gut, too much of the reporting process is done by spreadsheet and too few of the recurring processes leverage automation. The result is an industry that too often defaults to throwing …

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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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xteam-cornelius-2019-retail-activity-increasing
FinanceIndustry ContentRetail Insight

Investors, Lenders Adjust As Change Remains A Constant In The Retail Industry

by SCB Staff

— By Bryan Cornelius, President at X Team and Principal at Venture DFW Commercial — The debt market has recalibrated following four rate increases in 2018 and a recent cautionary pause by the Federal Reserve. The market is hoping to take advantage of the strength of the economy, the stability of inflation, and the forecast of no further rate increases and/or decreases by the Fed throughout the balance of 2019. The capital markets are firing on all cylinders, providing very compelling financing and refinancing options across all commercial property segments. …

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Quote: Menifee is looking to attract many sit-down restaurants
CaliforniaIndustry ContentRetail Insight

Menifee, California, Reaches New City Heights

by SCB Staff

“Menifee is the fastest growing city in Southwest Riverside County and seventh fastest growing city in Southern California,” says Gina Gonzalez, economic development director with the City of Menifee, California. “The city’s population is projected to grow by 8 percent by 2021, reaching more than 106,000 residents.” She notes, “With an average age of 37, an average income of $80,000, and a sales leakage of more than $800 million in every business cluster, Menifee has the recipe for business expansion success.” Gonzalez has growth on her mind. That extends to …

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sell of Perris Marketplace shopping center
Industry ContentInvestment salesRetail Insight

Break-Up Strategy Nets Big Rewards in Today’s Market

by SCB Staff

By Bill Asher and Jeff Lefko There is an axiom that “the whole is greater than the sum of its parts,” but that may not be the case when selling a shopping center. As demand and pricing for non-core, grocery-anchored shopping centers continues to wane and cap rates inch upwards, implementing a break-up sales plan can help provide an owner with better overall net proceeds. By selling a shopping center in pieces, a seller might realize an improved value of anywhere from 75 to 100 basis points with an effective …

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Ink Pool Party at Tattoo'd America
NevadaRetail Insight

5 (More) Things Las Vegas Can Teach RECon Attendees About the New Retail Environment

by SCB Staff

Las Vegas is the ideal place to discuss the new retail environment. This city was, after all, built on experiences, excess and entertainment. Its hospitality, food and beverage programs and ability to shock are second to none. These attributes make for great conversation at RECon networking events – but they make for much more, too. In many ways, the city can provide a blueprint for where consumer tastes and spending are heading, which is why we’re following up last year’s retail lessons with a new top five. 1) Support Local …

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MARCEL District in Houston, Texas
FeaturesFinanceFrom The Magazine

What’s Your Story?

by SCB Staff

With lenders getting more granular in underwriting, retail borrowers are finding a backstory helps to promote their properties. By Taylor Williams Lenders and borrowers alike have come to recognize some fundamental truths of the retail financing market in the e-commerce era: Most big box users need to downsize their store footprints and prototypes; new construction in urban settings needs food and entertainment components; and friendly loan terms are increasingly predicated on the sponsor’s track record. Direct lenders of all types have remained active in the retail arena, with certain capital …

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