SCBlog

Is 2020 the Apparel Apocalypse?

by Alex Tostado November 17, 2020

“What are you wearing?” It’s been a common question in America’s daily vernacular, yet in 2020 — the year of dressing casually to work from home — it has never been less relevant. For those of us in the retail real estate industry, particularly owners of shopping centers, understanding the years-long downturn in apparel shopping has caused us to rethink what we will do with all the leasable area devoted to this retail segment. Much has been written about the demise of retail stores caused by the emergence of online …

November 17, 2020

Development Features SCBlog

The New Retail Anchor Combating E-Commerce: An Experience-Driven Design

by Alex Tostado August 25, 2020

Written by Greg Lyon, principal and design director for Nadel Architecture + Planning Retail destinations have undergone an evolution over the past several years. The sharp rise of e-commerce has resulted in retail owners and developers working to ensure they are creating internet-resistant shopping centers that will stand the test of time. In addition, the COVID-19 pandemic has accelerated the already-robust discussion surrounding incorporating more service-based retailers and items that consumers simply can’t get online. While these are certainly important components, one of the most essential aspects of an internet-resistant …

August 25, 2020

Ancillary Retail Features Retailers SCBlog

How Landlords are Helping Save Pop-Ups During Pandemic

by Alex Tostado July 29, 2020

Before the coronavirus pandemic, mall and shopping center owners were so much more to pop-up tenants than just landlords. Specialty leasing has become more about business mentoring and support than it has about filling empty space. These supports in design, technology, POS, merchandising, data collection and much more have resulted in top developers becoming incubators for fresh new brands to keep the shopping experience unique and unexpected. During the pandemic, many owners are still finding ways to help sustain their smaller, digital-first or local tenants and to supplement the Small …

July 29, 2020

Features Retailers SCBlog

Pain Felt in Charlotte Retail Sector, But Phased Reopenings Give Market Hope

by Alex Tostado July 7, 2020

The COVID-19 outbreak had a tremendous impact on retail across the country, and Charlotte was no exception. As stores were forced to close, business owners had to devise creative ways to operate during the pandemic. Rent deferral, Paycheck Protection Program funds, layoffs and furloughs were some of the ways owners addressed cash flow. Many restaurants faced questions regarding takeout, delivery service, menu adjustments, table spacing and employee safety. Enhanced cleaning procedures, payment procedures, marketing adjustments and general overall operations were other issues facing many restaurants and retailers. Restaurants with drive-thrus …

July 7, 2020

California Features Retailers SCBlog

Time to Network: Progressive Real Estate Partners’ Umansky Begins Term as President of Retail Brokers Network in Interesting Times for Retail

by Alex Tostado June 24, 2020

California Centers, a sister publication of Shopping Center Business, recently spoke with Brad Umansky, president of Rancho Cucamonga-based Progressive Real Estate Partners and the newly appointed president of the Retail Brokers Network. As Umansky assumed the volunteer role in May, the nation — and the retail real estate industry — was in the throes of dealing with closures and stay-in-place orders brought on by the COVID-19 pandemic. He spoke with the magazine about assuming his role for the network at this time, and how its members are helping each other …

June 24, 2020

Features Retailers SCBlog Wisconsin

Reimagined Milwaukee Retail Scene Meets Consumer Lifestyle Needs

by Alex Tostado June 17, 2020

By Ray Balfanz, Outlook Management Group What does Milwaukee bring to mind? Beer? Cheese? TV’s “Happy Days”? Perhaps the city chosen as the site for the 2020 Democratic National Convention? Yes, that’s us — being recognized and happy about it. But since I began penning this piece in March, we’ve experienced a world of change in the realities of group gatherings: We can hardly have 10 people in a group now, let alone thousands of delegates filling our new Fiserv Forum. It’s anybody’s guess how long the multi-trillion-dollar brick-and-mortar retail …

June 17, 2020

Retailers SCBlog

Retailers, Landlords Adjust Business Models, Leasing Practices Amid Pandemic

by Alex Tostado June 3, 2020

The impact of COVID-19 has forced retailers, restaurants and service providers in the Northeast to improve their digital channels and adapt social distancing policies to continue serving customers. With retailers struggling to pay rent, landlords could find mutual benefit in reaching a compromise with existing tenants before temporary closures become permanent. Unfortunately, for many small businesses the virus has activated a Darwinian battle of the fittest among retailers with primarily physical channels. Meanwhile, e-commerce giants like Amazon are thriving in market conditions tailored to their already digital-focused business plans. Grocery …

June 3, 2020

SCBlog

The April 1 Rent Payment Conundrum

by Alex Tostado March 23, 2020

It seems that the hottest topic of conversation over the past few days is what to do when a tenant’s business is adversely affected by “the virus.” Based upon conversations with landlords, tenants and property managers there is no doubt that many tenants and landlords are already thinking about how to handle the April 1 rent payment. Since we work with both, I’m writing this blog from both perspectives. Please note that whether you are a tenant or landlord, I encourage you to read the entire blog as there are …

March 23, 2020

Entertainment Retailers SCBlog

The Art of Placemaking: Captivating Retail Guests Through Artistic and Cultural Centerpieces

by Alex Tostado March 16, 2020

“Some people look for a beautiful place, others make a place beautiful.” — Inayat Khan This sentiment captures what today’s developers and city leaders are striving to achieve through the art of placemaking. Nowhere is this trend more evident than in the retail sector. Today’s retail owners and developers are becoming increasingly collaborative with city stakeholders and artists in an effort to create retail destinations that are more beautiful, impactful and powerful — ultimately attracting more guests, encouraging higher lengths of stay and increasing overall return on investment (ROI). One …

March 16, 2020

SCBlog Texas

Fort Worth Retail Market Displays Benefits of Natural Growth

by Alex Tostado March 13, 2020

When I talk to out-of-staters about Texas, they often think I mean “Dallas” when discussing the Metroplex as a whole. That’s when I explain how important the Fort Worth market is to our thriving and healthy Dallas-Fort Worth (DFW) retail scene. Weitzman, which operates offices in Texas’ major markets, has handled development, leasing and management in the Fort Worth market since our founding 30 years ago. Today, the Fort Worth area is home to some of the state’s most robust residential, commercial and cultural growth. In terms of retail, our …

March 13, 2020

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