Austin has crossed a milestone — the city of Austin population now tops 1 million, making it the 12th most populous city in the U.S. — and the retail momentum is matching the growth. In this Retail Insight interview from ICSC Las Vegas, reporter Nellie Day sits down with Davon Barbour, president & CEO of the Downtown Austin Alliance, to talk about what’s driving deals in a city that’s attracting big names: Justin Timberlake is opening The Twelve Thirty Club in the heart of downtown, and Kevin Durant is partnering …
Videos
The department store is gone. The movie theater struggled. So what’s today’s anchor tenant? For PB Development, the answer is youth sports — and their Bluhawk project in Overland Park, Kansas, is making the case. In this Retail Insight interview from ICSC Las Vegas, reporter Nellie Day sits down with Bart Lowen, vice president of development for PB Development, to discuss youth sports — a $50 billion industry that, as Lowen puts it, is as certain as death and taxes. The 600,000-square-foot Bluhawk mixed-use development is anchored by a 400,000-square-foot …
San Bernardino County — the largest county in the contiguous U.S. — is making a compelling case for retail investment, and the numbers back it up. In this Retail Insight interview at ICSC Las Vegas, reporter Nellie Day sits down with Deepak Bahl, acting economic development director for San Bernardino County, to unpack what’s driving one of Southern California’s most dynamic retail markets. With a population of 2.2 million, a three-hour drive market reaching 23 million people, and median household incomes rising as much as 40 percent since 2019 in …
Webinar: From Roadblocks to Results: Making Mixed-Use Work in Today’s Market
The September 17 Shopping Center Business webinar “From Roadblocks to Results: Making Mixed-Use Work in Today’s Market,” hosted by Shopping Center Business and sponsored by KTGY, focused on some of the most dynamic and challenging sectors of retail real estate today: mixed-use developments. The panelists covered strategies to make these projects work, including the importance of early stakeholder engagement, working with property owners, municipal leaders and community members, as well as ensuring that projects align with local needs and long-term visions. These retail experts also discussed these key topics and more: Watch this brief webinar …
Webinar: Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead
The March 14 Shopping Center Business webinar “Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead” covered the state of a retail industry that is both “frenetic and cautious,” in the words of Dana Telsey of Telsey Advisory Group. Tune in to the six-minute mark of the on-demand webinar for Dana’s impressive summary of the latest news in retail. Panelists covered key insights into the evolving retail landscape, including the trends for bankruptcies and liquidations in 2024 and whether those trajectories are likely to continue into 2025. Economic …
Webinar: Market Outlook — Insights on Retail, Consumers, REITs, NNN & Shopping Centers
The Sept. 27 Shopping Center Business webinar “Market Outlook — Insights on Retail, Consumers, REITs, NNN & Shopping Centers” covered the state of the retail industry, focusing on consumer behavior and the financial health of retailers. Be sure to tune in to the 6-minute mark of this webinar for a clear-eyed, informative breakdown of key retail trends from moderator Dana Telsey of Telsey Advisory Group. Panelists discussed a shift in consumer spending toward value and discount retailers, with a slowdown in luxury goods consumption. The webinar also explored challenges in the retail sector, including increased …
Franklin Street: How to Navigate Current Retail Challenges and Future Opportunities
At the ICSC LAS VEGAS 2024 conference, Nelli Day of Retail Insight interviewed Monetha Cobb, chief marketing officer, and Greg Matus, senior vice president of investment sales, of Franklin Street, to discuss the prevailing challenges and future trends in the retail industry. Key Challenges in Retail The primary hurdle in the retail sector is the fluctuating market and rising interest rates, which have significantly slowed down transactions. Investors and developers are finding it tougher to secure deals as banks enforce stricter lending criteria. Despite a slight uptick in activity, …
At the ICSC LAS VEGAS 2024 conference, Nellie Day from Retail Insight spoke with Nate Tower, president and founder of Broad Reach Retail Partners, to explore the evolving landscape of retail and upcoming trends in the space. Broad Reach Retail Partners focuses on revitalizing underperforming shopping centers via a holistic, full-cycle approach that considers leasing, management, construction and acquisition. Tower emphasizes the importance of assessing a matrix of key performance indicators (KPIs) — including capital requirements, tenant mix and market demographics — to develop and execute effective business plans …
NewMark Merrill: Harness Retail Data to Improve Customer Experience, Streamline Operations
Sandy Sigal argues that the evolving fields of automation and artificial intelligence (AI) are a perfect fit for retail. “We generate the most relevant data on an everyday basis, and that data affects the outcomes and success of our centers,” explains Sigal. In a discussion on the pivotal role of technology in the retail sector, Sigal emphasizes that understanding customer behavior is paramount for shopping center owners. By leveraging technology to track customer movement and sentiment — where they come from, how long they stay, how they feel about …
At the ICSC LAS VEGAS 2024 conference, Nellie Day of Retail Insight discussed the current investment climate with Shaun Riley, managing principal of Faris Lee Investments. Riley highlights key aspects of the retail environment — discussing interest rates, bid-ask spreads, navigating the market and more. Investor Sentiment and Market Reactions Riley explains that investor sentiment is significantly influenced by interest rates. After two decades of low rates, recent hikes have led to a cautious approach among investors. “A lot of [investors] are waiting out until they see the returns …