Commercial Real Estate & Business News May 23, 2019
No More Separating Online From Offline Sales The net result of the trend toward omnichannel retailing is going to be ‘less is more’. So says Nick Garzia, director of leasing in the Southeast, at Hines Retail. He tells GlobeSt.com that retailers will need fewer stores per market than they used to, but they will need to […]
Commercial Real Estate & Business News May 22, 2019
Adding New Uses a Profitable Proposition, Developers Say at RECon As the costs of land, labor and construction rise, more developers are focusing on upgrades to existing properties than they are on seeking ground-up developments or value-added centers, executives said at a RECon panel discussion. “It’s been hard to make deals economical if we can’t get […]
Commercial Real Estate & Business News May 21, 2019
Welcome to ICSC’s RECon 2019 Welcome to ICSC’s RECon 2019 event here in Las Vegas! If you are one of the 40,000 or so individuals here, you might have attended last night’s opening reception (as we did) at Encore XS Nightclub (or one of many other parties happening around the strip). No matter how you spent […]
Commercial Real Estate & Business News May 20, 2019
How a Cheap, Brutally Efficient Grocery Chain is Upending America’s Supermarkets Running a supermarket in America has never been harder. Profits are razor thin. Online shopping and home delivery are changing the way people buy their food. Dollar stores and drugstores are selling more groceries. Pressures are so intense that regional chains like Southeastern Grocers, the […]
Commercial Real Estate & Business News May 17, 2019
What to Expect at RECon 2019 ICSC’s RECon conference-the “Super Bowl” of retail real estate-is just days away. Thousands of real estate developers, brokers, owners and retailers will soon descend upon Las Vegas for the huge networking and deal-making conference. At this year’s show, held May 19 to 22, hot topics will include the leasing needs […]
Commercial Real Estate & Business News May 16, 2019
Where does Phoenix Rank for Lease Renewal Rent Growth? Apartment resident retention is at an all-time high, and renters in some markets are paying a premium to stay put.In 1st quarter 2019, 53.1% of U.S. apartment renters with expiring leases chose to renew rather than move out. Nationally, the average rent increase in the renewed lease […]