From The Magazine

Florida-Retail

Participants across Florida’s retail scene are bullish on the growth prospects in the state’s top markets as tenant demand remains robust for new and second-generation space. More than two years removed from the onset of the COVID-19 pandemic, sources say the state has fully rebounded and is even somewhat insulated from the worst effects of the public health crisis. Part of that insulation stems from a strong surge in employment as the state proved an attractive destination for corporate expansions, particularly in South Florida. Recent examples include Citadel, a $51 …

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Steelpointe-Harbor

It’s a challenging world right now. Inflation, rising interest rates, persistent supply chain lags and labor shortages are affecting the retail and industry. That’s to say nothing of the always changing retail environment.  But there are also got consumers who are ready to put COVID behind them. Who are looking for a reason to venture out, be entertained and spend some money (though maybe not as much money, thanks to inflation). You also have shopping center owners who are quite eager to give these consumers what they want.  While architects …

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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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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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Cofer Crossing

Multi-tenant shopping centers are gaining favor with investors. British entrepreneur and adventurer Sir Richard Branson, head of Virgin Group Ltd., said, “Every success story is a tale of constant adaption, revision and change.” Certainly, as retailers grappled with the impact of COVID-19 restrictions, those that could quickly pivot and adapt were the winners. Even Charles Darwin said, “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” Looking back on the past few years in retail, American consumers were …

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Insurance is rarely considered a topic of enjoyable conversation, even in the business world. Although a very important and necessary part of successful operations, insurance products are often complicated in application, ambiguous in interpretation, and can be structured and priced inconsistently. Add to this the current challenges brought by COVID-19, combined with significant price increases and reductions in available coverage, it’s no wonder people find the subject matter exasperating. Through this series of articles, the goal is to demystify the complexities of insurance and ultimately provide you with the knowledge …

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Experiential

Shopping center owners thought the solution to combat online shopping was so crystal clear. Give them experiences. Provide social spaces. Make interaction the focal point. And this worked…for a while.  Entertainment and food and beverage operators soon absorbed the spaces left behind by traditional retailers. Old Sears locations became luxury movie theaters. Vacant in-line spaces could be taken over by Instagrammable pop-up experiences. Mall kiosks that once sold tchotchkes could now be occupied by virtual reality pods. Even mall food courts were redesigned as food halls, a cooler, sleeker older …

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McDonald’s

The net lease sector has seen a year like no other commercial real estate sector. Despite a once-in-a-millennium pandemic, the sector is riding a two-year high on fundamentals that have only strengthened over the past year.  While many sectors in commercial real estate have shown weak rents and lower occupancy levels leading to lower values, many subsectors of single tenant net lease (STNL) retail have seen compressed cap rates post-COVID. Essential retail has been the buzzword of the year, and excepting perhaps healthcare real estate, no other sector has more …

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Hudson-Yards

Retail and restaurant re-openings this fall gave a modest boost to the New York City retail market in the third quarter. But even with the easing of some operational restrictions, business activity remains diminished in a city known for its hustle and bustle.  Both retail tenants and landlords have had to regroup and quickly adapt to the curveballs thrown at them by COVID-19 over the past nine months. While retail and restaurant users in some areas are finding more success than others, the market as a whole has been characterized …

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The COVID-19 pandemic has put a dent in dining and entertainment activity. There is, however, light at the end of the tunnel with vaccinations beginning in the near future. To that end, retailers and restaurants that have survived the public health crisis can, with some reservations, start to look toward the rebound phase. There’s no question that American consumers are itching to make up for lost eating, drinking and socializing time, provided they can do so in what they feel is a safe environment.  “Our biggest point of optimism for …

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