Retail

Q&A

Why Blending Online and In-Store Retail Is More Effective

Natalie Dolce | August 15, 2018

GlobeSt.com talks with Melina Cordero, CBRE’s Americas Head of Retail Research and author of it’s Omnichannel Guide about a few of the report’s findings that go against the oft-heard narrative of a retail apocalypse.

Commentary

Net Lease Breaks Tradition with the Typical CRE Summer Slowdown

Jonathan Hipp | August 15, 2018

Early indications show that 2018 is holding true to form, except in net lease. The slower than normal pace this year for the wider commercial real estate industry is more likely due more to cycle than season.

News

Transit Center Ticks All Boxes for a Public Space

Lisa Brown | August 15, 2018

Pelli Clarke Pelli Architects’ architectural design for Salesforce Transit Center illustrates how a dense urban transit-based development can be a cornerstone for a sustainable and livable city.

News

Victory Park Redevelopment is in Full Swing

Lisa Brown | August 14, 2018

Victory is undergoing a full remerchandising, adding 85,000 square feet of new retail space, and making key enhancements to evolve into a more walkable urban neighborhood, along with a re-tenanting effort.

News

Dalan Recaps Valuation, Marcus Acquires Interest in NoMad Property

Betsy Kim | August 14, 2018

The real estate firms’ joint venture purchased 10-12 E. 33rd. St. for $54.5 million.

Q&A

Tenancy In Common Versus Delaware Statutory Trust

Natalie Dolce | August 14, 2018

Karlin Conklin, Executive Vice President of Investors Management Group, Inc., shares advice for choosing between a Tenancy In Common (TIC) versus a Delaware Statutory Trust (DST) in the structure of a real estate investment.

News

360 Market Square Ownership Secures $104M in Financing

John Jordan | August 14, 2018

360 Market Square, built on the former Market Square Arena site, consists of 292 apartment units and approximately 42,000 square feet of ground-floor retail anchored by Whole Foods Market.

News

Lee & Associates NYC Launches New Residential Division

Betsy Kim | August 13, 2018

The residential division will extend the firm’s commercial advisory services largely recognized for office and retail leasing.

News

Report: Arbitrator Awards Ashkenazy Sizable Rent Hike for Barneys’ Space

John Jordan | August 13, 2018

The decision by the arbitrator would raise the current rent of more than $16 million to $30 million in the 10-year lease deal.

Co-Working Heads To The Local Mall

Erika Morphy | August 13, 2018

Co-working space in retail properties will grow at a rate of 25% annually through 2023 reaching approximately 3.4 million square feet.

Healthy Development: Miami's Next Hot Neighborhood

David Wilkening | August 13, 2018

“We are speaking with numerous retailers and restaurants that want to have a presence in Allapattah and the Health District because that’s where a large majority of our population works and lives."

News

Terminal Stores' $900M Sale: A Perfect Storm

Betsy Kim | August 13, 2018

The director of research, New York at JLL, says L&L and Normandy’s acquisition reflects the insatiable demand for this type of product in Midtown South.

Commentary

The Best Lender for Your Deal is Rarely the Cheapest

Michael Klein | August 10, 2018

Many borrowers think money, is money, a loan is a loan and quite frankly, that is correct most of the time.

Pop Up Store Opens In Rosslyn

Erika Morphy | August 10, 2018

The space, called “The Alcove,” was developed by the Rosslyn Business Improvement District and multiple local businesses including JBG SMITH and Streetsense.

Furniture Retailers Are the New Retail Favorite

Kelsi Maree Borland | August 09, 2018

Low home sales have fueled sales growth for discount furniture retailers, creating new demand for big box retail product.

Commentary

Retail Location Advice—What to Consider

George Pino | August 09, 2018

Overall there are five main components you should consider for your retail space…it can be a relatively straight forward process.

News

Bridge Acquires Lenox Park Office Campus in Buckhead

Steve Lubetkin | August 09, 2018

This acquisition brings Bridge’s year-to-date total to nearly 4 million square feet of office space closed.

News

Chase Center Works Against the Buzzer

Lisa Brown | August 09, 2018

The Chase Center is a 18,064-seat sports and entertainment arena set to open in fall 2019 in time for the first tip-off of the 2019-2020 NBA season, and will anchor an 11-acre mixed-use complex in Mission Bay.

REITs Gearing Up for Self-Storage Acquisitions

Brian J. Rogal | August 09, 2018

Private equity has gotten quite active, but REITs like Public Storage have started third-party management businesses that will give them the inside tracks.

News

Adaptive Reuse Becomes Key Product Category

Lisa Brown | August 08, 2018

In this EXCLUSIVE, CCIM’s Conway discusses assessing communities’ needs for reuse especially in areas with land scarcity in conjunction with his report, “Adaptive Reuse: Turning Blight into Bright”.

Will Retail Ever Completely Go Away?

Kelsi Maree Borland | August 08, 2018

“No, but it is going to go through a complete shock to the system,” according to Kevin Kelley of Shook Kelley.

News

One Flatbush Ave. in Downtown Brooklyn Receives $125M Loan

Betsy Kim | August 08, 2018

The Meadow Partners and Slate Property mixed-use building is near completion.

Macerich Adds Flexible Workplace To Malls

Erika Morphy | August 08, 2018

The REIT is partnering with Industrious in a multi-property rollout.

South Florida Retail Vacancy, Absorption Rates Slightly Up

David Wilkening | August 07, 2018

Grocery-anchored centers most in demand for buyers.

Phoenix Retail Market Officially Rebounds

Kelsi Maree Borland | August 07, 2018

The Phoenix market was among the hardest hit during the recession, but the retail market has finally returned to pre-recession activity—and it is a good sign of the future.

Commentary

It Is Almost As Good As It Can Get

Joel Ross | August 07, 2018

If you add back the Toys R Us layoffs, the employment report was pretty much on target, and the prior months adjustments up made it even better than we thought.

Upscale Orlando Retail Center Changes Hands

David Wilkening | August 07, 2018

Shoppers average $127,000 annual incomes.

News

Silicon Valley Retail Space is Aging Out

Lisa Brown | August 07, 2018

Market Park San Jose, the $2.5 billion 120-acre mixed-use development, is rapidly taking shape to fill the retail void and will be the largest transit-oriented development in Silicon Valley when completed.

News

Rockfarmer and RWN Acquire Jackson Heights Mixed-Use Property

Betsy Kim | August 07, 2018

The buyers purchased the 128,000 square-foot Queens property for almost $56 million.

News

Cushman’s Kohn Named ULI NY Chairman

John Jordan | August 06, 2018

ULI also reports that Brian Collins, head of development, Fisher Brothers, is the organization’s new vice chairman. Both Kohn and Collins took on their new roles at ULI New York effective July 1.

News

Deutsche Finance America, BLG and Shvo Acquire Upper Floors at 685 Fifth Ave.

Betsy Kim | August 06, 2018

The partnership has purchased the vacant office space in the former Gucci Building for $135 million.

About Those New Restaurants In Georgetown

Erika Morphy | August 06, 2018

The price gap between Georgetown and more affordable corridors is beginning to narrow closer to 150%, according to JLL.

Albertsons, Greycroft Launch Grocery Store Innovation Fund

Erika Morphy | August 06, 2018

The fund will invest $50 million in emerging companies and technologies in the grocery sector.

News

Time Waste and Labor Plague Many Industries

Lisa Brown | August 06, 2018

Non-optimal activities, limited technology use and labor issues continue to plague the construction and logistics industries, with the former accounting for $177.5 billion in US labor costs per year.

News

Brookfield and Vornado Save Kushner Cos. from 666 Fifth Avenue's Looming Debt

Betsy Kim | August 06, 2018

Kushner Cos. sells a 100% leasehold interest to Brookfield and buys the 49.5% stake from Vornado in its debt-saddled Midtown tower.

News

Retailers Pull Out all the Stops for Foot Traffic

Lisa Brown | August 05, 2018

Successful retailer operators are focusing on experiences, both in-store and within the overall retail center, such as The Hill, which has enlisted five local artists to bring unique art to the shopping district.

News

All Year Management Pays $61M for ‘Two in One’ Development Site

John Jordan | August 03, 2018

The purchase of 313-331 Bond St. calculated out to approximately $330-per-buildable-square-foot.

The Overlooked Market That Is Florida’s Panhandle

David Wilkening | August 03, 2018

Low vacancies, declining unemployment and rising population are all raising retail prospects.

News

Georgia Heights Mixed-Use Project Fully Leased

Steve Lubetkin | August 03, 2018

“With this property situated in the heart of the state’s largest college town, space at Georgia Heights will always be in demand."

News

City Council Committee Approves Tech Hub Without Full Neighborhood Protections

Betsy Kim | August 03, 2018

Councilwoman Carlina Rivera voted to allow the Union Square tower without the development restrictions for the neighborhood originally requested.

Research

Institutional Buyers Hit Pause on Dollar Stores

Brian J. Rogal | August 03, 2018

Dollar stores proliferated across the US as the economy sank into a recession, but instead of tapering off, demand for the sector’s cheap goods increased after a recovery took hold.

Investors Clamour for Grocery-Anchored Retail

Brian J. Rogal | August 03, 2018

Grocery-anchored centers are especially appealing if it has a hot retailer like Fresh Thyme.

Inside Brookfield’s Billion-Dollar Capital Recycling Play

Erika Morphy | August 02, 2018

The company has sold a 28% stake in its Manhattan office and multifamily portfolio and entered into a contract to sell 112 self storage assets for more than $1.3 billion.

News

Single $103 Million AAA-Rated Note Goes to C-PACE

Lisa Brown | August 02, 2018

This is the industry’s first and largest securitization backed exclusively by commercial property-assessed clean energy/C-PACE and was issued for 82 US properties (pursuant to rule 144A of the Securities Act of 1933).

News

Rooftop Terrace, MARTA Lobby Art Installation and More Coming to Resurgens Plaza

Steve Lubetkin | August 02, 2018

“The nature of work is changing; today’s employees require flexibility and inspiration within their workday routines,” says Mark Vollbrecht, principal for ZRG.

Speed Is Important When Filling Big Box Retail

Brian J. Rogal | August 02, 2018

Municipalities that realize the old retail is probably not coming back can play a key role in fostering adaptive reuse.

News

What Gives Retailers a Competitive Edge?

Lisa Brown | August 01, 2018

Many retailers have been successful by being nimble, forward-looking and willing to embrace changing consumer preferences, Todd Rollins with TH Real Estate tells GlobeSt.com.

News

Appraisal Reduction Amounts Accelerate in IH 2018

Lisa Brown | August 01, 2018

As the commercial real estate credit cycle gets further along, rents and prices have shown signs of slowing and in some markets, even declines and some properties are getting caught in the undertow.

News

Verizon Signs Major Lease Deal at Hub at Causeway Project

John Jordan | August 01, 2018

Under the agreement with an affiliate of Verizon, the telecommunications firm will lease approximately 70% of the planned 627,000-square-foot Class A office tower at 100 Causeway St. for a 20-year term.

News

123 Toys ‘R’ Us, Babies ‘R’ Us Stores Go on Block

John Jordan | August 01, 2018

The two-day auction will begin at 10 a.m. on Aug. 13th at the Manhattan offices of debtors' counsel at 601 Lexington Ave.