It is apparent to any pedestrian strolling through midtown Manhattan that New York’s retail real estate industry is in a state of crisis. Just count the number of long-empty storefronts along premium thoroughfares like Fifth… Read More
In the current highly challenging shopping center environment, it sometimes seems that any property below “A-Grade” is regarded as destined for failure. The current mantra, voiced repeatedly by financial media, is that A-malls will be… Read More
Edina, Minn. (pop. 51,000) is an unlikely spot to host the rebirth of the shopping center industry. This quiet and very upscale suburb is known mostly as an affluent bedroom community of Minneapolis, as well… Read More
The retail real estate world has gone full circle. Back in the 1950s and 1960s, the emergence of large regional shopping centers resulted in the decimation of downtown shopping districts as customers flocked to the… Read More
I have been focusing on newly hatched properties which personify the live-in, work-at, dine-out destinations that will be the hallmark of successful shopping centers as we move towards 2020 and beyond. And I have made… Read More
Contrary to the popular storyline, shopping centers are not going away. They are transforming into an entirely new entity, and in the process rescuing and reviving the downtown shopping districts in major cities across the… Read More
1. Trendy Food-Driven Centers Out of adversity comes opportunity. Some of the most forward-thinking developers in the beleaguered shopping center sector have hit upon an entirely new formula—one that replicates the Starbucks model as the… Read More
It is becoming increasingly apparent that shopping centers need to provide stimulating, energized environments to lure consumers away from their computers and Amazon Prime accounts. There is nothing less engaging than a complex of sterile,… Read More
I do not believe for one minute that the mall is dead. Yes, the 75-year-old concept of a “big box with lots of smaller boxes inside” is surely headed in the direction of the buggy… Read More
Talk to any shopping center leasing executive these days and his/her biggest concern is how to fill the swelling quantities of surplus acreage arising from department store closures and the downsizing of in-line specialty stores. … Read More
