Learn from Industry Leaders

Moreno Valley: Hub for Growth and Opportunity

by Sarah Daniels May 31, 2024

Located in Southern California’s Inland Empire, Moreno Valley has emerged as a significant growth center and a friendly home to retail. As highlighted by Melissa McClain, head of marketing & business attraction for the city, the area’s robust development is driven by substantial job creation and strategic planning. “Truly the catalyst for the growth in Moreno Valley has been jobs. We’ve created more than 34,000 jobs in the last eleven years. And because of that, we now have more than 7,700 single-family and multifamily residential units that are either …

May 31, 2024

Finance Learn from Industry Leaders Leasing Retail Insight Retailers Videos

Northmarq: What Factors Will Influence Deal Volume in the Second Half of 2023?

by Sarah Daniels June 13, 2023

Leasing activity, occupancy and capital markets demand for multi-tenant retail remain strong, but interest rate hikes have brought transactions to a halt. “On the supply side, we just aren’t seeing a lot of listings out there,” says Patrick Kelley, associate vice president with Northmarq. “There is not a lot of activity in terms of sales,” explains Ernest DesRochers, senior vice president and managing director with Northmarq. “Buyers are looking for shorter-term financing, being able to prepay with little or no penalty, and hoping to take advantage of lower rates in …

June 13, 2023

Learn from Industry Leaders Leasing Restaurants Retail Insight Retailers Videos

Franklin Street: Prime Space at a Premium for Expanding Retailers

by Sarah Daniels June 12, 2023

“Retailers are doing well, but growth is challenging as there isn’t much space to be had,” says Greg Eisenman, managing director of retail tenant services at Franklin Street. There is a major appetite for deals, but interest rates and construction costs have made development difficult, so it is taking longer for retailers to find space and close deals. The challenges are part of the overall historical retail cycle, explains Eisenman. “As brokers, we have to get a lot more creative, and just continue to dig deeper and harder. Nothing’s coming …

June 12, 2023

Learn from Industry Leaders Malls Power centers Retail Insight Retailers Videos

NewMark Merrill’s Proactive Outlook Prioritizes Placemaking

by Sarah Daniels June 9, 2023

Sandy Sigal believes in a holistic approach to the properties he’s acquired. He pairs tech-savvy data gathering to understand trends and opportunities with a focus on creating shopping experiences consumers crave and connection with their communities. This strategy is essential to making NewMark Merrill’s projects into successes, including the company’s latest California projects: the Rialto Village shopping center in the Inland Empire, which just completed preleasing, and the Corbin & Parthenia shopping center in the San Fernando Valley area, which is slated for renovations. Knowing your customers allows you to account for their retail needs and desires …

June 9, 2023

Finance Learn from Industry Leaders Retail Insight Retailers Videos

Freedom Financial Funds: Research Markets and Deals Extensively to Develop Creative Financing Options

by Sarah Daniels June 8, 2023

If the conventional wisdom is that the worst loans are made in the best of times, then a return to fundamentals and positive risk/return dynamics seems likely in the near future, according to Michael Klein, founding principal and CEO of Freedom Financial Funds. Today’s market is not unprecedented, says Klein. “It is a moment that we’ve lived through in the past, where buyers and sellers are just not on the same page.” Currently, the rising cost of capital means a lack of transactions, but Klein notes that historical trends indicate activity will pick up, …

June 8, 2023

Economic Development Learn from Industry Leaders Retail Insight Retailers Videos

Moreno Valley: Residential Growth, Retail Concierge Services Encourage Robust Expansion

by Sarah Daniels June 7, 2023

The retail growth of the City of Moreno Valley, in Southern California’s Inland Empire submarket, has been fueled by jobs and residential development in the area. One of the fastest growing cities in Southern California, Moreno Valley’s population has increased by 3.3 percent over last year, in part because of companies moving into the area, which is already home to two electric vehicle manufacturers alongside ALDI, SKECHERS, Amazon and more. Nearby State Route 60 and Interstate 215 consistently advertise Moreno Valley to the 56.2 million people who pass through the area by car each year. Moreno Valley …

June 7, 2023

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WHLR: Investing Well in the Face of High Inflation and Interest Rates

by Sarah Daniels June 6, 2023

Thinking ahead, WHLR proactively managed its exposure to volatile capital markets and an inflationary environment. In 2021, the company refinanced all its loans that were set to mature within seven years, garnering the REIT low cost, fixed-rate debt set for the next 10 years. In addition, WHLR’s focus on the service, convenience and necessity retail tenant categories in secondary and tertiary markets has helped shield the company from the impacts of inflation risk, explains Andy Franklin, CEO of WHLR. The company’s 2022 merger with Cedar Realty Trust also helped …

June 6, 2023

Ancillary Retail Economic Development Features Learn from Industry Leaders Malls Pop-Up Retail Power centers Restaurants Retail Insight Retailers Videos

City of Glendale: Support for New Business Bolstered by Streamlining

by Sarah Daniels June 2, 2023

Glendale, California is home to some of Southern California’s most popular destinations and its draw for merchants, residents and visitors is undeniable. Brookfield’s Glendale Galleria and Caruso’s The Americana at Brand are two of the top shopping centers in California, iconic locations for major retailers. What can Glendale offer to make itself even more attractive for a wider range of businesses? The city is focused on streamlining permitting systems and offering a concierge service to ensure promptness, according to Bradley Calvert, director of community development for the City of Glendale. “Typically we assign a …

June 2, 2023

Conference Coverage Content Partners Features Finance Industry Content Learn from Industry Leaders Net lease Retail Insight Videos

Stan Johnson Company: Net Lease Retail — Investment Opportunities in the Face of Changing Market Conditions

by Sarah Daniels June 6, 2022

Where are the opportunities in today’s single tenant net lease (STNL) market? The ever-changing nature of today’s retail environment has placed an emphasis on finding the best properties, while compressed cap rates and rising interest rates have created obstacles for investors looking for yield. Rent increases, tenant types, lease timelines and risk tolerance are all on the minds of established investors in the market as well as those looking to enter the arena for the first time. Regarding the new tenant entries to the net lease market, Curtis Hodges, senior vice …

June 6, 2022

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Taylor Street: Net Lease Opportunities: STNL Deals, Multi-Tenant Outlook, 1031 Exchange Landscape

by Sarah Daniels June 3, 2022

Where does net lease stand at the moment? As cap rates compress for single tenant net lease (STNL) deals, investors are expanding their outlooks to find retail opportunities. Multi-tenant centers, particularly three-to-five-tenant strip centers, are the property types currently appealing to Jake Baratz, sales manager & vice president of retail at Taylor Street. These traditionally second-tier net lease options are now garnering a second glance from STNL buyers and 1031 exchange buyers, especially for assets with strong tenants, long-term leases and good cashflow. Baratz sees increasing numbers of 1031 buyers …

June 3, 2022

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