Features

Hanley-Feature

During the pandemic in 2020, there was a pause in the retail investment market once the stay-at-home orders were implemented. However, the single-tenant and multi-tenant retail pad properties quickly picked up momentum in the third and fourth quarters, but transactions for grocery-anchored shopping centers were relatively few. In 2021, the velocity of transactions for all retail product types, including grocery-anchored shopping centers, shifted into an unprecedented gear, particularly in the second half of the year. For example, Hanley Investment Group closed 90 deals in 90 days in Q4 2021 and …

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Curtis Hodges STNL quote

The single-tenant net lease (STNL) market has enjoyed quite the ride. Rents are rising and cap rates are at or near all-time lows. 2021 was a record year for STNL transaction volume, with $103 billion in investment sales, according to Stan Johnson Company’s research, and the first quarter of 2022 has already exceeded quarter-one 2021 by more than 30 percent. At the same time, national STNL inventory has remained very constrained. This makes it a good time to be a net lease seller. Selling, Buying the Dream “There is still …

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Josh Williams retail leasing, development and sales activity

Josh Williams, senior vice president and director of investments out of Cullinan Properties’ Houston office, has been closely monitoring the leasing, development and sales activity for brick and mortar since our national emergence from the pandemic began. Below are the trends he sees, and where he believes this market is headed. Retail Insight: What would you say is the overarching trend in retail real estate right now? Williams: As we emerge from the pandemic, we are seeing a wide variety of retail assets returning to pre-2020 activity levels, all with one overarching …

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Moreno Valley Business

Successful companies looking to expand their brand know there is one location in Southern California that consistently beats the rest: the City of Moreno Valley. There’s a reason that companies like Sprouts, Raising Cane’s, Texas Roadhouse, Hilton, Capriotti’s and WoodSpring Suites are expanding in the city. They are supported by Moreno Valley’s second-to-none pro-business environment, a skilled and motivated workforce, strategic location and affordable lease rates. Fortune 500 and international companies are thriving in Moreno Valley, and here’s why. Location, Location, Location Situated at the junction of SR-60 and I-215, …

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Steiner

Beset by pandemic pressures and evolving in the face of ongoing demographic and sociocultural shifts, the commercial real estate industry is on the cusp of some profound changes. The retail and mixed-use real estate landscape of tomorrow is going to look and feel very different.  While 2021 turned out to be a much stronger financial performer than many experts had anticipated, it seems very clear that the age of COVID has accelerated the pace of change in an industry that was already starting to shift in fascinating new directions. What …

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Sandy Sigal Prop Tech quote

The popularity of property technology (prop tech) has expanded rapidly as retail owners and operators look for chances to streamline and improve their properties via data collection. However, says Sandy Sigal, president and CEO of NewMark Merrill, the hardest part of making prop tech useful isn’t collecting data. “The hard part about implementing prop tech successfully is making sure that the data is understandable, actionable and can be used by a wide array of people. It’s easy to be overwhelmed with data, and it can be very hard to draw …

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Necessity Retail open-air and single-tenant service properties

The Necessity Retail REIT, Inc. has closed on the acquisition of 77 open-air shopping centers and two single-tenant service retail properties as part of a previously announced 81-property, $1.3 billion portfolio acquisition. A strategic rebranding in February from American Finance Trust reflects a continuing focus on the shopping habits of today’s consumer, says Michael Weil, CEO of The Necessity Retail REIT, Inc. “Where America Shops.” And where America shops, according to Weil, is in the suburbs. “Whether they’re on their way home from work or taking the kids to school, …

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Downtown Murrieta

The city of Murrieta is a city on the grow — and for this area, the process of developing means expanding and deepening retail offerings, many of which are in the realm of experiential retail. The city is seeking to make a name for itself as it expands its offering for its residents and attracts visitors interested in family friendly fun, dining experiences and resorts that cater to relaxation. Located in Southwest Riverside County between Los Angeles and San Diego, Murrieta has a population of more than 118,000. The city …

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Shaun Riley tenant retail investment quote

Multifamily and industrial may be the hottest product types for investors in today’s current market, but Jeff Conover and Shaun Riley, managing principals at Irvine, Calif.-based Faris Lee Investments, believe retail presents the optimum opportunity for achieving strong cash-on-cash yields for investors. “It comes down to one thing,” explains Conover. “Higher yield.” Triple-net leases also mean expenses get passed down to the tenant. Speaking of tenants, Riley notes that tenant rosters are stronger than ever nowadays. The pandemic culled the herd a bit, so to speak, but the tenants who …

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Lake-Elsinore-MarketplaceSCB

By mid-2021, retail properties were back in favor with investors and the active buyer pool had expanded from single-tenant and multi-tenant retail pads to grocery-anchored shopping centers. With the unprecedented buyer demand and limited inventory of institutional quality retail investments for sale, some owners of shopping centers with a collection of junior box anchors have successfully tested the buyer market and heralded the latest retail investment category to make a comeback, the power centers. However, given the recent 100-basis-point rise in the 10-year treasury rate and increasing inflationary pressures, the …

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