Industry Content

xteam-cornelius-2019-retail-activity-increasing

Investors, Lenders Adjust As Change Remains A Constant In The Retail Industry

by SCB Staff May 7, 2019

— By Bryan Cornelius, President at X Team and Principal at Venture DFW Commercial — The debt market has recalibrated following four rate increases in 2018 and a recent cautionary pause by the Federal Reserve. The market is hoping to take advantage of the strength of the economy, the stability of inflation, and the forecast of no further rate increases and/or decreases by the Fed throughout the balance of 2019. The capital markets are firing on all cylinders, providing very compelling financing and refinancing options across all commercial property segments. …

May 7, 2019

Quote: Menifee is looking to attract many sit-down restaurants

California Industry Content Retail Insight

Menifee, California, Reaches New City Heights

by SCB Staff May 7, 2019

“Menifee is the fastest growing city in Southwest Riverside County and seventh fastest growing city in Southern California,” says Gina Gonzalez, economic development director with the City of Menifee, California. “The city’s population is projected to grow by 8 percent by 2021, reaching more than 106,000 residents.” She notes, “With an average age of 37, an average income of $80,000, and a sales leakage of more than $800 million in every business cluster, Menifee has the recipe for business expansion success.” Gonzalez has growth on her mind. That extends to …

May 7, 2019

sell of Perris Marketplace shopping center

Industry Content Investment sales Retail Insight

Break-Up Strategy Nets Big Rewards in Today’s Market

by SCB Staff April 30, 2019

By Bill Asher and Jeff Lefko There is an axiom that “the whole is greater than the sum of its parts,” but that may not be the case when selling a shopping center. As demand and pricing for non-core, grocery-anchored shopping centers continues to wane and cap rates inch upwards, implementing a break-up sales plan can help provide an owner with better overall net proceeds. By selling a shopping center in pieces, a seller might realize an improved value of anywhere from 75 to 100 basis points with an effective …

April 30, 2019

Features Industry Content Retail Insight

Retail Grows with the Times

by SCB Staff April 22, 2019

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. …

April 22, 2019

Features Industry Content Investment sales Leasing

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

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

Faris Lee Investments Industry Content

Grocers Go Digital in the Age of Omnichannel

by Katie Sloan February 26, 2019

Technology, e-commerce and omnichannel solutions have penetrated nearly every corner of American consumerism, with few holdouts. One of those holdouts up until recently was the grocer landscape. It’s easy to see why. Two-day delivery can be enticing when you’re ordering running socks or patio furniture, but it just doesn’t sound as palatable when you’re out of swiss chard. Still, where there’s a window of opportunity, there’s a way. Especially when Amazon gets involved. Though online grocery ordering has been around since the last tech boom – the Dot.Bomb days that …

February 26, 2019

Industry Content Retail Insight

Capital Markets, Cap Rates and 10-Year Treasury with CBRE’s Phil Voorhees

by Katie Sloan October 16, 2018

Phil Voorhees, executive vice president of CBRE’s National Retail Partners – West, believes investment opportunities exist in all cycles, and this one is no different.Retail Insight sat down with Voorhees recently to talk about those opportunities, and what investors should have on their radars as we close out 2018. RI: Tell us about the current state of the capital market? Voorhees: In our view, this is a great, healthy time for retail capital markets in the West. Investors and lenders clearly differentiate on pricing based on quality and risk. Class …

October 16, 2018

Industry Content Retail Insight

Mixed-Use Rules the Roost at ICSC’s Western Dealmaking Conference

by Katie Sloan October 15, 2018

The mixed-use environment is here to stay. Naysayers need only look as far as this year’s ICSC Western Dealmaking Conference, held Oct. 8 to 10 at the Los Angeles Convention Center, to know that this is true.

October 15, 2018

Industry Content Retail Insight

New Tenants at Manhattan Village

by Katie Sloan October 8, 2018

Retail Insight sat down with Ashlyn Booth, senior vice president and director of retail properties at JLL, to discuss the leasing efforts at Manhattan Village, which is owned by RREEF Property Trust. The 44-acre, 573,000-square-foot indoor/outdoor mixed-use retail experience in Manhattan Beach, California, is currently undergoing a $180 million redevelopment. It will receive a variety of new tenants in the upcoming year, including Mexican food concept Mercado Manhattan Beach, Holly and Hudson Nail Lounge, Urban Plates, Joey Manhattan Beach and M·A·C (Make-Up Art Cosmetics). Retail Insight: Why was this the right time for Manhattan Village to undergo a renovation and …

October 8, 2018

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