Checking the Box for all Retail Parties
According to CBRE’s Jami Savage-Gray, landlords, tenants and brokers are working more collaboratively to find creative solutions that check all the boxes for all parties involves.
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LAS VEGAS—Landlords, tenants and brokers are taking a more collaborative approach in finding creative solutions that check the boxes for all parties involved, according to Jami Savage-Gray, CBRE SVP based in Phoenix. Gray tells GlobeSt.com that this approach is helping to move retail over the hump of negativity and into new heights.
“The result of this teamwork is evident in the food-and-beverage sector, as we are seeing more new and innovative concepts pop up in retail centers,” she says.
We also caught up on retail trends with CBRE’s Atlanta-based Will Pike, vice chairman and managing director leasing the firm’s net lease property group and corporate capital markets practice. He tells us that retailers can expect a broader and more competitive capital markets environment for their owned properties for the remainder of 2019.
According to Pike, “Private, institutional, and foreign capital has been flowing into retail sale-leaseback opportunities at significant levels given that assets are still trading at historically low cap rates.”
Keep checking back for more in the coming week for wall-to-wall coverage surrounding the Las Vegas ICSC RECon show and overall trends in the retail market. Take a look below at stories you might have missed.
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