Features

Ghost Kitchens, Dedicated Takeout Spaces Emerge During Pandemic

by Alex Tostado December 16, 2020

Over the past five years, the many major MSAs have seen tremendous growth and diversification within the food and beverage space. But the onset of COVID-19 has cut into consumers’ disposable incomes, essentially shrinking the customer base and creating another mechanism by which restaurant sales are reduced. Restaurants that have been able to pivot to more takeout and delivery services, convert parking or other spaces into outdoor seating, and minimize their supply-chain disruptions by tweaking inventory are carving out competitive advantages in the current environment. “The extent to which operators …

December 16, 2020

Features From The Magazine Retailers

Atlanta’s Retail Sector has Positive Momentum on Investment, Development Fronts

by Alex Tostado December 8, 2020

Shopping and dining in Atlanta looks vastly different than this time last year due to the COVID-19 outbreak, but owners, developers, investors and retailers alike remain optimistic about the metro area’s prospects. Many local retail professionals say barring another outbreak or a second black swan event, the worst of the recession is in the rearview mirror and the Atlanta market is currently on a positive trajectory, though the market is experiencing negative absorption from over-leveraged national retailers shuttering stores, as well as local and regional operators that are struggling to …

December 8, 2020

Features From The Magazine

Marcus & Millichap’s New National Director of Retail Shares His Thoughts on Changes Ahead for the Investment Sales Sector

by Alex Tostado December 3, 2020

Daniel Taub is a well-known name in the retail real estate world. He spent most of his career with DLC Management, one of the nation’s largest open-air center owners, heading up leasing and eventually becoming president and chief operating officer of the company. In October, Taub joined Marcus & Millichap as senior vice president and national director of the firm’s retail division. In his new role, Taub will be helping the firm’s retail brokers with deals, as well as advising clients. He recently spoke to Shopping Center Business Editor Randall …

December 3, 2020

Conference Coverage Features Retailers

Lenders Bearish on Retail Sector Except for ‘Prime’ Assets, Says Expert Panel

by Alex Tostado November 20, 2020

Since the onset of the COVID-19 pandemic, retail and restaurant space has been severely impacted by government-mandated shutdowns. While some stay-at-home orders have been lifted, the sector has struggled to return to its pre-pandemic norms. As a result, lenders have shied away from retail, whether it be construction, refinancing or acquisition loans, according to an expert panel assembled by France Media, Inc. Retail has “lost a lot of favor” with lenders, said Pierce Mayson, managing principal of SRS Real Estate Partners, during a webinar panel titled “Southeast Retail Investment Outlook: …

November 20, 2020

Features Retailers SCBlog

Is 2020 the Apparel Apocalypse?

by Alex Tostado November 17, 2020

“What are you wearing?” It’s been a common question in America’s daily vernacular, yet in 2020 — the year of dressing casually to work from home — it has never been less relevant. For those of us in the retail real estate industry, particularly owners of shopping centers, understanding the years-long downturn in apparel shopping has caused us to rethink what we will do with all the leasable area devoted to this retail segment. Much has been written about the demise of retail stores caused by the emergence of online …

November 17, 2020

Features From The Magazine Retailers

Philadelphia Retail Sees Expansion Amid Recovery

by Alex Tostado October 21, 2020

What a difference a year makes. Around this time in 2019, the Philadelphia retail market was experiencing something of a Renaissance. Driven by forward-thinking projects in chic neighborhoods, such as Fashion District Philadelphia, as well as the delivery of new phases of retail at destinations like Schuylkill Yards and the Philadelphia Navy Yard, the market was embracing new users, customers and spaces alike. The evolution of Philly’s retail market at this time inevitably bred winners and losers. Six months later, the onset of a global pandemic would give rise to …

October 21, 2020

Features Kansas Missouri

COVID-19 Continues to Put Tenant-Landlord Relationships Under Microscope, Say Kansas City Retail Webinar Panelists

by Alex Tostado September 23, 2020

Kansas City, Mo. — The COVID-19 pandemic has continued to highlight the importance of strong tenant-landlord relationships, particularly in the retail sector. Tyler Enders, co-owner of local Kansas City shop Made in KC, works with roughly 10 different landlords and has experienced a variety of different approaches to the COVID-19 conversation. “Some local landlords have been very communicative and have come to us with a creative solution. Others have been responding late and are bogged down,” said Enders. “Ultimately, we’ll continue to look at vibrant centers, but we’re going to …

September 23, 2020

Features Florida From The Magazine Retailers

Shopping Center Owners, Retailers in Florida Seize Opportunities in Effort to Outlast COVID-19 Pandemic

by Alex Tostado September 23, 2020

It’s been an atypical summer for retailers and shopping center owners in the Sunshine State. There are no Hollywood blockbusters debuting in Florida’s movie theaters, bars remain closed for the time being and shops and restaurants aren’t packed with domestic and international tourists visiting Disney World, Port of Miami’s cruise terminals or any of the states numerous beaches at the level they would in a normal season. The outbreak of COVID-19 has redefined the consumer experience for retail the past several months, but even though it looks and feels different, …

September 23, 2020

Features From The Magazine

Designers Work with Retail Owners to Create Properties That will Draw Consumers, Make Them Feel Safe

by Alex Tostado September 9, 2020

Envisioning a future for retail post-COVID has been a challenge for many in the industry. For one, it is still very early and we have a hard time knowing what 2021 will look like. Most of what retail designers and architects are working on now is reactionary and necessary: setting up existing environments so that retail-facing businesses are functional and operational. In that practice, however, they are seeing clues as to what the future of retail might look like now that the world is weary of viruses. Here are their …

September 9, 2020

Arizona Features News Restaurants Retailers

Taylor Street: Opportunities Still Abound, If You Know Your Market

by Sarah Daniels September 9, 2020

With a multifaceted approach to real estate, Taylor Street has an ear to the ground when it comes to investing, selling, financing, leasing and managing commercial properties. The Phoenix-based advisory firm is closely following the pandemic’s effects on retail. Vice president Jake Baratz and investment advisor Boston Chauthani recently sat down with Shopping Center Business to share some of their key insights. To plan for the future in the middle of a pandemic, the firm is advising investors to carefully evaluate market activity at the highest level in individual markets …

September 9, 2020

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