In today’s volatile retail real estate climate, there is ample need for redevelopment or value-add acquisitions. Tri-Land, a Chicago-based owner and operator, is one such company known for repositioning underperforming retail centers. Established in 1978, the company is launching two
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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
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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
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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.
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Starwood Retail Partners recognizes that its centers are not only places that need to engage their communities, they’re also proving grounds for the retail trends of tomorrow. So through various channels, and increased investment in its specialty leasing teams and
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In Scottsdale, Arizona, an inspired mixed-use development is set to break ground. The 134-acre project is Cavasson, a development that is set to include approximately 1.8 million square feet of high-end commercial office space, along with 1,600 residences, hotels, and
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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,
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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
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By Simon Hartzell, Director of New Office Sales, NAI Global Retail real estate – it’s not your grandfather’s business anymore. Every aspect of the business is changing. On the technology front, we have artificial intelligence (AI), cryptocurrency, and virtual funding,
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Gone is the so-called “retail apocalypse.” Over the past year, the asset class has made a significant comeback; CBRE states that number of total retail property sales increased by 6.1 percent year-over-year at the end of Q3 2018 — the
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At a time when the topography of the retail landscape looks very different than it did just a few short years ago, one of the most striking changes is the large number of medium and large boxes now standing empty.
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From the Charlotte metro area to Raleigh-Durham and back down to Upstate South Carolina and Charleston, North and South Carolina are quickly becoming the top choices for retail developers, owners and consumers, leading retail industry experts say. With new residents
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