Retail Insight

Mark Sigal BrightStreet Ventures: Intelligent, actionable data — when coupled with automation — changes the game, and the future is here today.

The great paradox of the real estate business is that, on one hand, it’s the single largest asset class on the planet with a global estimate of $228 trillion, and it generates tremendous amounts of operating, financial and market-level data. On the other hand, real estate is an industry where too much of the decision-making process is done by gut, too much of the reporting process is done by spreadsheet and too few of the recurring processes leverage automation. The result is an industry that too often defaults to throwing …

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xteam-cornelius-2019-retail-activity-increasing

— 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. …

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

“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 …

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sell of Perris Marketplace shopping center

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 …

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Ink Pool Party at Tattoo'd America

Las Vegas is the ideal place to discuss the new retail environment. This city was, after all, built on experiences, excess and entertainment. Its hospitality, food and beverage programs and ability to shock are second to none. These attributes make for great conversation at RECon networking events – but they make for much more, too. In many ways, the city can provide a blueprint for where consumer tastes and spending are heading, which is why we’re following up last year’s retail lessons with a new top five. 1) Support Local …

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Mill-No-1-Durham-NC

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. …

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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 …

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Todd Siegel, vice president of commercial investments at Passco, doesn’t believe you have to be on the cutting edge of every retail trend to be successful nowadays. He does, however, believe owners need to remain intimately involved with their shoppers. This is particularly true in today’s changing retail landscape where consumer tastes are always evolving and what works for one generation of shopper may not work for another. Rather than target Millennials, for example, Siegel suggests taking a broader approach to consumers and their buying habits. That starts with making …

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Phil Voorhees, executive vice president at CBRE, believes the West’s retail investment market is performing well following a slowdown that culminated with the 2016 holiday season. Though investors may not be on a buying spree at the moment, many are focused on asset preservation. Acquisition opportunities remain in secondary and tertiary markets, along with non-core properties that are lacking a grocery anchor. There is some trepidation from buyers that we are long into this real estate cycle, but deals are still getting done and lenders are still willing to lend. …

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With a population of  2.1 million, San Bernardino County is upping its retail offerings to keep pace with its residential growth. That growth includes more than 100,000 housing units planned for the region to meet the demands of young families and individuals seeking an affordable quality Southern California lifestyle. Housing activity is encouraging new retail such as High Desert Gateway West in Hesperia, as well as Rialto Marketplace and Rialto Renaissance in Rialto to name a few new developments. Elisa Laurel, economic development coordinator for San Bernardino County, cites a …

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