Retailers

Davon Barbour Comprehensive Approach to Retail Strategy New Orleans

New Orleans District Promotes Comprehensive, Celebratory Approach to Retail Strategy

by Sarah Daniels May 3, 2023

Laissez les bons temps vendre! Let the good times retail! The Downtown Development District of the City of New Orleans (DDD) is tasked with developing retail in the Canal Street area, a zone bounded by Iberville Street, the Pontchartrain Expressway, Claiborne Avenue and the Mississippi River. The DDD brings a comprehensive approach to attracting a diverse offering of retailers and restaurants to this stretch most famous as the site of Caesars Superdome. And DDD has a strategy like no other to accomplish its goals, a strategy that includes attracting retail, …

May 3, 2023

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Moreno Valley Fosters Business Success

by Sarah Daniels June 1, 2022

The City of Moreno Valley is located in Southern California in the Inland Empire, one of the fastest growing regions in the United States. The residence of over 217,000 people and growing by 3.5 percent every year, the city is home to both Fortune 500 and international companies. With 4,500 businesses in Moreno Valley, the city is courting restaurant and hospitality companies, as well as using its unique incentive programs to further encourage growth. The City of Moreno Valley knows that time is money, so their business concierge service helps …

June 1, 2022

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Kohl’s Bets on Brick-and-Mortar with Plans to Open 100 Smaller-Format Stores, Revitalize Existing Locations

by Katie Sloan May 26, 2022

Menomonee, Wis. — Kohl’s (NYSE: KSS) has announced plans to increase its investment in brick-and-mortar with the addition of 100 new, smaller-format locations over the next four years in previously untapped markets. This expansion follows the pilot of 20 stores featuring the company’s smaller-format design, which averages around 35,000 square feet versus the traditional 80,000-square-foot iteration. In June, the Menomonee-based company will be opening a smaller-format shop in Bonney Lake, Washington, and in the fall, stores are set to open in San Angelo, Texas; Morgantown, West Virginia; Tacoma, Washington; and Lenox, …

May 26, 2022

Angela Sweeney quote digital marketing strategy

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Elevate Commercial Real Estate Retail Marketing with Digital Platforms

by Sarah Daniels May 17, 2022

By Angela Sweeney, executive director of Pylot™, a digital platform from Imaginuity Commercial real estate retail marketers today must navigate an increasingly complex marketing landscape. How can you identify the right tools and technologies necessary to scale your marketing presence efficiently across locations? Many people talk a good game about the benefits of integrated marketing technology ecosystems. When done right, the approach can improve operating efficiencies, enhance the customer experience, strengthen tenant relationships and potentially raise the value of your properties. But when the rubber meets the road, implementing the …

May 17, 2022

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Commercial Growth in Moreno Valley

by Sarah Daniels May 11, 2022

Successful companies looking to expand their brand know there is one location in Southern California that consistently beats the rest: the City of Moreno Valley. There’s a reason that companies like Sprouts, Raising Cane’s, Texas Roadhouse, Hilton, Capriotti’s and WoodSpring Suites are expanding in the city. They are supported by Moreno Valley’s second-to-none pro-business environment, a skilled and motivated workforce, strategic location and affordable lease rates. Fortune 500 and international companies are thriving in Moreno Valley, and here’s why. Location, Location, Location Situated at the junction of SR-60 and I-215, …

May 11, 2022

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Prop Tech Refocused: Data Collection to Create Retail Community

by Sarah Daniels May 10, 2022

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 …

May 10, 2022

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America’s Shopping Patterns Turn Suburban

by Sarah Daniels May 9, 2022

The Necessity Retail REIT, Inc. has closed on the acquisition of 77 open-air shopping centers and two single-tenant service retail properties as part of a previously announced 81-property, $1.3 billion portfolio acquisition. A strategic rebranding in February from American Finance Trust reflects a continuing focus on the shopping habits of today’s consumer, says Michael Weil, CEO of The Necessity Retail REIT, Inc. “Where America Shops.” And where America shops, according to Weil, is in the suburbs. “Whether they’re on their way home from work or taking the kids to school, …

May 9, 2022

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Faris Lee: Retail Presents Attractive Opportunities Post-Pandemic

by Sarah Daniels May 4, 2022

Multifamily and industrial may be the hottest product types for investors in today’s current market, but Jeff Conover and Shaun Riley, managing principals at Irvine, Calif.-based Faris Lee Investments, believe retail presents the optimum opportunity for achieving strong cash-on-cash yields for investors. “It comes down to one thing,” explains Conover. “Higher yield.” Triple-net leases also mean expenses get passed down to the tenant. Speaking of tenants, Riley notes that tenant rosters are stronger than ever nowadays. The pandemic culled the herd a bit, so to speak, but the tenants who …

May 4, 2022

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Retail Investment Strengths Expected to Continue in 2022

by Sarah Daniels January 18, 2022

A new influx of money taking aim at the retail sector made 2021 a strong year for investment sales in the category. Factors like continued inflow of capital, attractive yields, reduced fears about the disappearance of the 1031 exchange and the opportunities for deals indicate that 2022 will likely follow in 2021’s footsteps as a high-performing year. Don MacLellan, managing principal at Faris Lee, explains that since the beginning of the third quarter of last year, the company has seen a significant inflow of capital interested in retail investment properties, …

January 18, 2022

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

by Sarah Daniels October 12, 2021

“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 …

October 12, 2021

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