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Glendale California Retail Hub Vang
Economic DevelopmentFeaturesIndustry ContentMallsPop-Up RetailPower centersRestaurantsRetail InsightRetailers

Glendale California Retail Hub Pulls in Merchants, Customers

by Sarah Daniels

Less than 10 miles north of Downtown Los Angeles is Glendale, Calif., a city with nearly 200,000 residents and an enviable location if you’re a retailer. “Within a 10-mile radius, we have access to more than 2.5 million people,” says Soua Vang, deputy director of economic development for the City of Glendale. “We are strategically located within the LA marketplace, just minutes away from some of Southern California’s most popular destinations.” If you’re a visitor, those popular destinations may include the Griffith Observatory, the Hollywood Walk of Fame or Universal Studios. …

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Retailers Sellers Caldwell Northmarq
FeaturesFinanceIndustry ContentLeasingMallsMixed-usePower centersRetail InsightRetailers

Buyers Have Reasons to Buy, Sellers Just Need to Sell

by Sarah Daniels

Margaret Caldwell, managing director and senior vice president at Northmarq in Atlanta, thinks this is a great time to be a retail owner. The only problem? Sellers do too. “The biggest challenge is the small supply of retail in this market,” she says. “Sellers are very hesitant to sell, even though the ones who are selling are experiencing great results and achieving their pricing.” Caldwell notes that in the Southeast there has been a slight change in pricing of around 50 basis points over the past year or so. However, …

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Sandy Sigal NewMark Merrill Communication Retail
Economic DevelopmentEntertainmentFeaturesIndustry ContentMallsMarketingOperationsPower centersRetail InsightRetailers

Communication Is Key to Success in Today’s Retail Environment, Complementing Data Analysis, Localized Approaches

by Sarah Daniels

Sandy Sigal, president and CEO of NewMark Merrill in Calabasas, Calif., thinks it’s about time we update the real estate adage, “If you build it, they will come.” In a market grappling with online shopping, inflation, high interest rates and more, Sigal believes the real advice today is, “If you communicate, they will come.” This sort of high-level communication shouldn’t just apply to the public but also to a retail landlord’s merchants and company employees. An elevated approach to sharing information means a wealth of accessible data to help NewMark …

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Sandy Sigal Prop Tech quote
FeaturesIndustry ContentMallsMarketingOperationsPower centersRetail InsightRetailers

Prop Tech Refocused: Data Collection to Create Retail Community

by Sarah Daniels

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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Sandy Sigal NewMark Merrill Proptech
Content PartnersFeaturesIndustry ContentLeasingMallsOperationsPower centersRetailers

Tech Offers Insight for Shopping Center Owners Looking to React to Consumer Data

by Sarah Daniels

“Retail has one very serious advantage as an asset class — it provides a lot of data. However, very few people actually look at the data,” says Sandy Sigal, president and CEO of NewMark Merrill. Historically, gathering data required landlords and managers to physically visit sites, and data insights would likely have been skewed based on time of day for the visit, momentary traffic variables or incomplete sales reports. Today’s technology automatically captures much more complete data related to consumer demographics and behavior patterns. For today’s shopping center owners, the …

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