Search
 

How Landlords Are Responding to Amazon’s Big Buy

Amazon’s purchase of Whole Foods sent awe through the commercial real estate industry last week, but smart landlords are already working with grocery tenants to stay competitive with the new online-brick-and-mortar grocery hybrid.

When Amazon announced its acquisition of Whole Foods last week, the real estate market was in awe. With questions bouncing around about the future of grocery and the combination of online and brick-and-mortar grocery, we wondered how this would affect owners and investors of grocery-anchored retail. Joe Dykstra, EVP of Westwood Financial Corp., and Randy Banchik, co-CEO of Westwood Financial Corp., sat down with us for an exclusive interview to get discuss their reaction to the acquisition, how this is affecting existing properties and how the change could affect the firm’s acquisition strategy.

GlobeSt.com: As an owner of retail properties, what is your initial reaction to Amazon’s purchase of Whole Foods?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.