Features

Retail’s Comeback Calls for Comprehensive Tenant Data to Maximize Investment and Development Strategies

by SCB Staff April 16, 2019

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 biggest gain for the sector since 2012. Considering the current level of consumer confidence, the diversification of mixed-use space, and a relatively strong economy, retail will almost certainly continue its steady growth throughout 2019. While this trajectory is promising for the real estate community, it’s also leaving investors and developers …

April 16, 2019

Features Retailers

At a time when medium and large retail box vacancies are spiking, landlords are finding creative new ways to fill prominent gaps

by Alex Tostado April 16, 2019

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. Every few months seems to herald the announcement of another major brand consolidating or announcing bankruptcy or significant closures. The shockwaves from the Toys ‘R’ Us shutdown are still reverberating across the industry, further highlighting the need for brokers, owners, investors and landlords to find new and creative ways to …

April 16, 2019

Features North Carolina Retailers South Carolina

Grocers leading the charge as retailers are attracted to Carolinas’ job, population growth

by Alex Tostado April 9, 2019

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 moving to the two-state region’s metro areas, grocers are moving in where they can. Raleigh has seen Harris Teeter expand, and Wegmans and Publix enter the market. Costco and Publix are expanding in Charleston. In Upstate South Carolina, Lowes Food and Sprouts Farmers Market are opening their doors to new …

April 9, 2019

Entertainment Features From The Magazine Restaurants

Food Halls Spice Up Mixed-Use Projects

by SCB Staff March 26, 2019

Developers turn to unique eateries as ammunition in the ‘amenities arms race.’ By David Cohen In an effort to inoculate their mixed-use office and multifamily projects against the threat of e-commerce competitors, developers are increasingly incorporating food halls into their properties to attract tenants. “Food halls are the latest and greatest in the amenities arms race,” says Aaron Jodka, research director at Colliers International in Boston. “While most buildings are able to find ways to add bike storage, a gym, conference spaces or game rooms, not everyone can accommodate a …

March 26, 2019

Arizona Development Features From The Magazine

Change Artist

by SCB Staff March 26, 2019

Michael Pollack is known as a renovation expert. Looking ahead, he considers some potential new strategies for his portfolio. Interview by Randall Shearin With the Four Corners market in focus this month, Shopping Center Business caught up with one of Arizona’s largest retail landlords, Michael Pollack, CEO of Michael A. Pollack & Associates. Pollack’s Mesa, Arizona-based company has made a name for itself over the past few decades by renovating and rehabbing older centers and making them viable properties that serve the needs of their communities. Here, we get Pollack’s thoughts …

March 26, 2019

Faris Lee's Richard Chichester - quote on consumer confidence

Faris Lee Investments Features Industry Content

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

by SCB Staff March 26, 2019

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 …

March 26, 2019

Features SCBlog

Integrating Entertainment Into Retail Destinations — It’s More Than Just a Movie Theater

by Katie Sloan January 9, 2019

— By Martin Zurauskas, Managing Director for nFusion — The perception versus reality of the “demise” of traditional retail has long been disconnected. Much of this disconnect is centered on a misunderstanding of retail’s role in the lives of consumers. Today, the role of retail centers is increasingly based upon giving consumers what they demand — entertainment-focused experiences that they can’t get elsewhere. This goes beyond adding a movie theater or bowling alley. Entertainment finally has a real seat at the table in retail development. So how can developers, owners, and …

January 9, 2019

Features From The Magazine

LBG Real Estate Reinvests In The Retail Revolution

by Katie Sloan October 1, 2018

Los Angeles-based LBG Real Estate Companies has always focused on opportunistic investments, but it’s revved up its game recently as it cultivates two customer-oriented shopping attractions out West.

October 1, 2018

Features From The Magazine

Investors Pressing Pause or Play?

by Camren Skelton September 6, 2018

Retail investors have pumped the brakes in 2018 but are poised to accelerate into the end of the year. Interview by Randall Shearin As we enter the last quarter of 2018, the question is what will the remainder of the year look like for investment sales and what can we expect in 2019. Shopping Center Business sat down with Southern California-based Hanley Investment Group Executive Vice President Bill Asher and President Ed Hanley to discuss their take on five issues impacting retail real estate investors. SCB: Interest rates have increased, …

September 6, 2018

Features SCBlog

Rumors of the Retail Apocalypse are Greatly Exaggerated

by Camren Skelton September 4, 2018

— By Greg Miller, Chief Executive Officer and President of Henry S. Miller Cos. — The retail market, both online and in physical stores, is evolving dramatically due in large part to Amazon’s continuing domination of online sales — i.e. the “Amazon effect.” However, there is no retail apocalypse, just ever increasing disruption. Consumer spending is the main driver of our economy. According to ITR Economics, U.S. retail sales for 2018 are expected to be over $6 Trillion, up 5 percent from last year. Overall retail sales rose 6.4 percent …

September 4, 2018

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