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

SCBlog

Breweries in the Northeast Tap into Local Culture to Attract Patrons

by Alex Tostado March 11, 2020

The modern craft beer brewery has emerged as a niche community anchor with flexible business models and loyal customer bases across the United States, particularly in the Northeast. Combining elements of retail, industrial and hospitality models, craft breweries have quickly become one of the most dynamic and trendy business types in major cities and small towns, alike. Some of the largest and most popular craft breweries in the United States are based in the Northeast, including the two largest: Pennsylvania-based D.G. Yuengling & Son Inc.; and Boston Beer Co., the …

March 11, 2020

The Market at Westfield World Trade Center

Ancillary Retail Pop-Up Retail SCBlog

‘Yes’ is a Question: How it Works in Favor of URW’s Pop-up Markets

by SCB Staff March 3, 2020

Unibail-Rodamco-Westfield (URW) is paving the way for emerging and digital brands’ entrance into physical spaces — particularly re-envisioned common areas of retail spaces. Through the company’s innovative approach toward holiday markets, URW brings new and exciting opportunities for digital brands to its centers. With more than 30 years of industry experience, Amy Alyeshmerni, vice president of asset strategy and innovation – business development/brand ventures, recently looked back at how her mindset evolved as she began working closely with URW’s Digital Incubation programs. She shared her insights during a panel at …

March 3, 2020

Ancillary Retail Conference Coverage Operations SCBlog

Ancillary Retail Expo Panel Talks Sponsorship and Experiential Marketing

by SCB Staff February 25, 2020

Creativity is the name of the game when it comes to designing and selling sponsorships and experiences at America’s shopping malls. That was the subject of a panel discussion, “Sponsorship and Experiential Marketing Trends,” at the InterFace Conference Group’s Ancillary Retail Expo 2020, held Feb. 3 and 4 at the New Orleans Marriott. Panelists detailed how sponsorships can bring added revenue to retail centers both large and small, and the best ways to do so in today’s retail world. Editor’s note: InterFace Conference Group is a division of France Media …

February 25, 2020

SCBlog

Three Mistakes Developers Make When Seeking Approvals to Build Shopping Centers, Commercial Properties

by Alex Tostado February 18, 2020

Do you think you’ve got your permits in the bag? Think again. There are three mistakes developers make when seeking approvals to build shopping centers and other commercial properties. The Three Biggies are: Trusting the decision makers’ promises: Decision makers can cave in the face of opposition, despite their promises and their desire for the benefits your retail complex provides. But opponents’ presence and vocal disapproval will spook even your most ardent allies. Solution: Give decision makers Political Courage by connecting them to supporters, i.e. positive community partners, former elected …

February 18, 2020

Conference Coverage Entertainment Features Louisiana Pop-Up Retail SCBlog

Pop-Up Stores Offer Reprieve to Retail Owners, Say Ancillary Retail Expo Panelists

by Alex Tostado February 11, 2020

New Orleans — As legacy retailers continue closing stores and mall and mixed-use developers face the prospect — and reality — of vacant store spaces, specialty leasing and business development teams are becoming more important. The millennial consumer, who can buy almost anything online, needs a good reason to visit a property. Malls and shopping centers that will thrive in this climate will deliver exceptional ancillary retail experiences and come up with new reasons to attract visitors. “Ancillary” can mean pop-up stores, sponsorships, events or any other revenue sources outside …

February 11, 2020

California Features News Retailers SCBlog

Retailers, Landlords Face Complications of Factoring Online Returns Into Gross Sales

by Alex Tostado January 17, 2020

With the rise of e-commerce, declining foot traffic in malls and shuttering department stores, retail landlords and brick-and-mortar tenants have faced a wave of challenges in recent years. As a result, both landlords and tenants are constantly searching for new and unique ways to improve their bottom-line figures. One recent area where this has become an issue concerns in-person returns from online sales, and how they affect a retail tenant’s percentage rent calculation. Many retail leases contain a percentage rent provision in which a tenant pays a portion of its …

January 17, 2020

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