Industry Content

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 …

The malls of yesteryear are not dead, but many are in need of a revival if they want to thrive tomorrow and beyond, believes Leslie Lundin, co-founder and managing partner at LBG Real Estate Cos. Lundin, who held the “Transforming Challenges into Opportunities” workshop on Monday at ICSC’s Western Dealmaking Conference at the Los Angeles Convention Center, asserts that many mall properties are situated in prime traffic corridors — meaning the traffic is there but it’s up to the owner to take advantage of these numbers. She points to the …

With the increased investor demand for service-based, internet-resistant retail, the single-tenant net-leased learning and daycare industry has emerged as a viable and sustainable alternative to common net-leased retail properties for private investors. Since January 2017, Hanley Investment Group has completed the sale of over $20 million in single-tenant learning and daycare leased properties across the country. Shopping Center Business sat down with Southern California-based Hanley Investment Group Vice President Jeff Lefko to discuss his take on this growing sector. SCB: Why are so many new daycare and learning centers opening across the …

Ease, convenience and experience are the goals of most shopping centers nowadays — with ease and convenience being a large part of a consumer’s overall experience. While these factors motivate some shoppers to make their purchases on a screen, these same goals are causing retail landlords to embrace healthcare tenants.  “The retail environment is attractive to healthcare tenants because many of these tenants are interested in being located within the community,” says Dana Nialis, senior associate with CBRE’s healthcare services. “Doctors and medical groups are looking to expand beyond the …

It may be the end of an era, as Seaport Village’s 40-year lease has come to an end. The 70-acre waterfront site will soon be reinvented to include an observation tower, aquarium with butterfly exhibit, public space, hotel rooms, retail, office space, educational center and parking. While this newest iteration is still a few years in the making, the current asset holds opportunity for current and future retailers seeking interim space and the possibility of evolving alongside this reimagined waterfront. Penny Maus, department manager of business development real estate for the …

There is much talk that new, ground-up retail development is all but finished throughout most of the country. Two monster projects in the Los Angeles area prove this is far from the case. Palisades Village The coastal community of Pacific Palisades will usher in a new era of shopping, dining and entertainment when Caruso’s Palisades Village opens this Saturday, Sept. 22. The center has been dubbed “the new community gathering spot,” and those behind it intend for Palisades Village to be just that. “Palisades Village represents the evolution of what …

Retail Insight recently sat down with Hernan Martinez, CEO of Cuestamoras Urbanismo, to discuss the changing landscape of shopping centers as they become more of a community center for the cities they service. Martinez has firsthand experience with this as he and his company develop Oxigeno, a mixed-use project in San Francisco, Costa Rica, that offers four unique zones that incorporate entertainment, shopping, dining, green areas, and the local Heredia neighborhood. Do you think today’s convenience-driven, instant-gratification world is one reason we seem to be seeing an uptick in mixed-use …

There is change, and then there is change. While talk has been rampant for the past couple of years that the industry is evolving in ways never before seen, 2018 seems to be the pinnacle of that momentum, according to many attendees at ICSC’s RECon, taking place May 20 to 23, at the Las Vegas Convention Center.

Whitney Livingston, Senior Vice President, Madison Marquette recently sat down with Retail Insight to discuss what makes consumers tick nowadays. Regardless of consumers’ personal style or brand preferences, Livingston says one thing is clear: the power to keep shoppers in a center lies with the shopping center owner. SCB: What are the most compelling retail trends evolving now? Livingston: According to the National Retail Federation, 42 percent of brands are opening stores, while 43 percent are holding steady and 15 percent are showing net decreases. We take into consideration what brands are …

There was a time not too long ago when gyms and exercise studios were less than welcome at many of the nation’s premier retail destinations. My, how the times have changed. While parking, exclusive-use clauses and co-tenancy can still be tricky, the majority of shopping center owners have realized they need to work fitness in if they want to stand out. “Health awareness in our nation has increased and the gym, health and fitness club industry has benefited from recent marketing campaigns aimed at fighting obesity and improving health,” says …