Features

Retail Reboot Webinar: Wave of Second-Generation Restaurant Space to Hit Atlanta Market

by Alex Tostado May 13, 2020

As many as 150,000 to 200,000 restaurants nationwide may never fully reopen again after the COVID-19 pandemic subsides, according to estimates from the National Restaurant Association. This represents 15 to 20 percent of all U.S. restaurants. Though the metro Atlanta area’s restaurants have been allowed to reopen their dining rooms for a full two weeks following Georgia Gov. Brian Kemp’s directives in late April, early indications are that a large swath of operators are choosing to keep them closed and focus on takeout, delivery and catering. Others are making the hard …

May 13, 2020

Features Retailers Texas

Innovative, Tech-Savvy Retailers Better Equipped to Survive, says Texas Panel

by Alex Tostado May 13, 2020

Brick-and-mortar retailers in Texas that have found creative ways to develop new income streams and to leverage technology to directly engage their customer bases have proven most resilient in battling the financial headwinds the sector faces as a result of the COVID-19 outbreak. A panel of retail real estate professionals in Dallas and Austin spoke to this trend and others during the Texas Retail Reboot webinar, which was held on Thursday, May 7. Shopping Center Business and Texas Real Estate Business, two magazines published by Atlanta-based France Media Inc., hosted the event, which drew more than …

May 13, 2020

Faris Lee Investments Features Industry Content

Faris Lee: The One Thing Worse than a Health Pandemic is a Fear Pandemic

by Sarah Daniels April 15, 2020

It’s been a rough month and a half for planet Earth, but there are signs of hope. China is returning to normal life as Italy and Spain begin to ease COVID-19 restrictions. The U.S. — the country with most coronavirus-related casualties so far — isn’t at the point of reopening yet, but there are early indications it isn’t far behind. The curve is continuing to flatten — even in hotspots like New York, where Gov. Cuomo announced on April 13 that “it appears we have a plateau.” The COVID-19 infection …

April 15, 2020

Features Retailers

Retailers Pitch in to Aid in Coronavirus Efforts

by Alex Tostado April 2, 2020

As concerns about coronavirus (COVID-19) mount and the stock market is impacted, Shopping Center Business has compiled a number of retailers that are stepping in to aid in relief efforts. Brooks Brothers Brooks Brothers is converting its American factories to start producing 150,000 masks per day to help protect healthcare workers and others battling the spread of COVID-19. Blenders Eyewear Blenders Eyewear has repurposed a portion of its manufacturing to make safety goggles for health workers in light of the ongoing coronavirus pandemic. The company will donate 10,000 goggles to Southern California …

April 2, 2020

Features

COVID-19 and Commercial Real Estate: What We Know, What We Don’t

by Alex Tostado March 25, 2020

The coronavirus pandemic (COVID-19) has not only impacted the physical health of humans around the world, but the health of the U.S. economy as well. While the stock market rallied over 11 percent on Tuesday, its biggest jump in nearly 90 years, on news that a federal stimulus bill to rescue the economy from the coronavirus was imminent, the Dow Jones Industrial Average was still down 31 percent from its most recent high at the closing bell. Meanwhile, economists say weekly jobless claims — new filings for unemployment insurance — …

March 25, 2020

Features

JLL: Coronavirus is Impacting Retail Supply Chains

by Alex Tostado March 12, 2020

With the stock market dropping to lows unprecedented since the Great Recession on Monday and the World Health Organization (WHO) declaring the outbreak of COVID-19 a pandemic, concerns are now rising regarding coronavirus’ long-term impact on domestic investments. But will the disease have any impact on brick-and-mortar retail? According to a research report from JLL, while retail supply chains have already been affected, the health of retail as a whole depends heavily on how long the pandemic lasts. Certain sectors have already been impacted, and those in the industry can …

March 12, 2020

Conference Coverage Features

EEE Keynote: Successful Retail Centers Set the Stage for a Great Visitor Experience

by Alex Tostado March 4, 2020

Los Angeles — The retail industry is evolving, and the tried and true formulas for development are no longer enough to attract shoppers. The convenience of e-commerce is cutting into purchases once almost exclusively entrusted to local strip centers, and consumer tastes are evolving to demand better experiences from the centers they choose to shop at with their discretionary dollars. Joseph Pine, author of “The Experience Economy,” shared these thoughts during a keynote address on the importance of staging retail centers. The speech was delivered at France Media’s sixth annual …

March 4, 2020

California Conference Coverage Entertainment Features

Entertainment-Based Retail Requires Patience, Creativity, Say EEE Panelists

by Alex Tostado February 24, 2020

Los Angeles — In today’s retail environment, adding local food and beverage concepts, entertainment venues and landscaped parks seems like a surefire way to revitalize a dated shopping center. A trickier task is determining how exactly these nontraditional concepts boost the bottom line. A panel of retail owners and service providers weighed in on this topic at France Media’s sixth annual Entertainment Experience Evolution conference at the JW Marriott L.A. Live in Los Angeles last week. “This panel started because I’m a bit of a skeptic as it relates to …

February 24, 2020

Faris Lee Investments Features Industry Content

Faris Lee: Economic Expansion to Continue through 2020

by Sarah Daniels February 12, 2020

Richard Chichester, president and CEO of Faris Lee, knows we’re late in the cycle, but he doesn’t see this as a bad thing. Nor does he see this timing as a cause for near-term concern. “The U.S. is extremely well positioned in 2020,” he explains. “The economy continues to prove itself to be very resilient. We’re in a safe spot right now but in a mature position within the cycle. This is also the longest expansion in history, so we have to understand what the late-cycle implications are and make …

February 12, 2020

Conference Coverage Entertainment Features Louisiana Pop-Up Retail SCBlog

Pop-Up Stores Offer Reprieve to Retail Owners, Say Ancillary Retail Expo Panelists

by Alex Tostado February 11, 2020

New Orleans — As legacy retailers continue closing stores and mall and mixed-use developers face the prospect — and reality — of vacant store spaces, specialty leasing and business development teams are becoming more important. The millennial consumer, who can buy almost anything online, needs a good reason to visit a property. Malls and shopping centers that will thrive in this climate will deliver exceptional ancillary retail experiences and come up with new reasons to attract visitors. “Ancillary” can mean pop-up stores, sponsorships, events or any other revenue sources outside …

February 11, 2020

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