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Keys for Successful Urban Retail Investments

CHICAGO-Retail investors are making targeted purchases in strong, urban locations like Chicago, New York, L.A., San Francisco, Washington D.C. and Boston, says Greg Schott of Chicago-based L3 Capital LLC in this EXCLUSIVE commentary.

By Greg Schott, co-founder and managing principal of L3 Capital LLC | Updated on September 23, 2013

CHICAGO-In the years leading up to the housing bust, retailers and retail investors were chasing rooftops further out into far suburbia and the cornfields. Easy money fueled this trend as urban dwellers sought to purchase new homes in fast-growing areas and retailers took advantage of good bargains on land and building costs.

Like many boom trends though, it proved to be unsustainable. The housing bust began and many areas were left with hundreds of vacant spec homes. Retailers that followed these rooftops found themselves at a loss and investors and owners struggled to hold onto their properties.

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