Features

Kohl's is concerned about impact of tariffs.

Talks of tariffs and trade wars have dominated the news lately as the U.S. negotiates abroad over everything from immigration deals with Mexico to intellectual property protection (or lack thereof) in China. Though a deal was reached with Mexico earlier this month, an agreement has yet to be made with China. Even if the two countries do reach amicable terms, what kind of an impact will these types of trade wars and levies have stateside? “If the trade war challenge continues for too long or the U.S. experiences a retaliating …

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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 new investment funds beginning in July. The two funds — which combined total $30 million — seek to purchase between four and eight properties over a 30-month period. The strategy of the investment funds will be to acquire properties located in Midwest and Southeast markets, including Chicago, Milwaukee, Minneapolis, Kansas …

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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.

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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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.

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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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 tools, the company is building off of successful programs to find inventive new tenants.  Starwood Retail Partners, backed by parent company Starwood Capital Group, manages 30 malls and lifestyle centers in large and medium-sized MSAs. They acquire properties in promising markets and improve their performance through capital physical upgrades 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 a diverse mix of retail, restaurants, and amenities. Located at the northwest corner of Loop 101 and Hayden Road in Scottsdale, Cavasson is owned and developed by Nationwide Realty Investors, in partnership with Grayhawk Development. The initial phase of the project, which will break ground later this year, includes several …

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

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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MARCEL District in Houston, Texas

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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Mill-No-1-Durham-NC

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, as well as Matterport and its 3D gallery, which enhances property marketing. On the logistics side, we have the autonomy that comes with driverless cars and commercial delivery trucks. Then there’s Amazon and e-commerce driving the convergence of industrial real estate and retail real estate as supply chain logistics evolve. …

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