Category: Real Estate
Oh the Sidewalks Outside Are Frightful, But Landlords Will Make Them Delightful… or Will They?
Although we haven’t seen much snow accumulation in the northeast to date, we know that this can (and likely will) change before the warmer weather returns. Before the snow really begins to fall, it would behoove both landlords and tenants to become informed about their snow clearing responsibilities and...
Upscale Food Halls—On Trend and On The Rise
The growth of high-end food halls is taking off around the country as consumers seek fast, fresh, high-quality, chef-driven meals with a local touch, and as landlords seek to cash in on the continued growth of fast-casual dining. These boutique-style, upscale food halls are modeled more after famous European...
Blockchain – The Future of Real Estate?
Bitcoin and blockchain technology have been gaining publicity in recent years, and although they are primarily known for their use as a digital payment system, there are also promising uses in many areas where trust, cost and efficiency can be improved, including real estate. So what is blockchain, exactly...
The Power of Pop-ups: From Fad to Retail Mainstay
Pop-up stores or “flash retail” have graduated from passing trend to popular practice. Historically utilized for the sale of seasonal products (think temporary stores that only sell Halloween costumes), the pop-up has evolved into an attractive option for retailers of all shapes, sizes and experience. Smaller, emerging companies have...
Food For Thought: How Delivery-Only Food Service Is Impacting Retail Real Estate
Today’s consumer is a tricky one – she is impatient and demanding. She requires excellent service in the blink of an eye (or perhaps, more appropriately, in the swipe of a finger), and likes to eat meals made with high quality ingredients. Celebrity chefs have taken note. Chefs like...
To Brexit or Not to Brexit? Our Observations on UK Retail
Our Retail team just returned from a week in London where we met with the firm’s UK-based retail clients and other retail industry professionals. The biggest topic of conversation centered around Brexit. On June 23rd, Britain will hold an historic referendum on whether the country will leave the European...
ICSC RECon 2016 – Holding Court
ICSC RECon 2016 tipped off with a keynote address by Earvin “Magic” Johnson, Chairman and CEO of Magic Johnson Enterprises and former NBA superstar. Attendance was up by about 2.7 percent from last year, with around 36,000 attendees, representing the more than 1,100 companies that registered for the sold...
Return of the Food Trucks – New Offerings vs. Old Favorites
It’s that time of year again: flowers are blooming on the Common, the Red Sox had their opening day, and the best parts about Boston summer have started to reappear. This year, however, many of Boston’s beloved food trucks almost did not. Food trucks began to really take off...
Sustainable Retail – Eco-Friendly Shopping at the Mall
Sustainability experts claim that “a good building- efficiency rating is quickly becoming the real estate equivalent of a motor vehicle’s miles-per-gallon rating and helps bring capital to owners and investors.” The National Real Estate Investor reports that investors and tenants alike prefer retail properties with sustainability measures in place...
New Lease Accounting Rules Are Final: Retailers and, Ultimately, Landlords Can Expect Changes
We recently wrote about expected changes to the rules governing the way leases are accounted for on balance sheets and suggested the changes would have major implications for retailer tenants and longer term implications for landlords. Late last week, as expected, the Financial Accounting Standards Board (“FASB”) issued a suite...
The Burgeoning Winds of Retail in Emerging Markets
For those that follow the mantra - “fortune favors the bold” - breaking ground in lesser known international retail frontiers may have significant pay-offs, as evidenced by the first-wave of retailers who made retail investments in BRIC cities . Driven by massive urbanization and an increasing number of middle-class...
A Case of Caution: the Effect of Redevelopment on Existing Mall Leases
In a follow-up to coverage regarding the White Flint Mall redevelopment, the jury has reached a verdict. Until recently, White Flint Mall in Bethesda, Maryland was a prime example of retail mall success. However, as the mall began to lose tenants and customers, its owner decided to redevelop the...
Trends in Urban Grocery Store Development in Washington, D.C.
Continuing our coverage of trends in urban grocery store development , this post examines recent and ongoing activity in Washington, D.C., which is a leader in grocery-anchored, mixed-use redevelopment projects . It’s not by accident that DC leads in urban grocery store development. District leaders have undertaken a concerted...
RECon 2015: a Decidedly Global Outlook
We are back from the ICSC's RECon Global Retail conference, and needed the full long weekend to recover! More than 34,000 real estate professionals attended the event (substantially exceeding last year's attendance), and the mood among was decidedly upbeat. While the conference has always been the single most important...
The Future Starts Now... Gearing Up For the ICSC RECon Global Retail Conference
The annual ICSC RECon Global Retail conference is just around the corner. This year’s conference takes place from May 17-20th at Las Vegas Convention Center. With over 34,000 attendees, RECon provides networking, deal making and educational opportunities for retail real estate professionals from around the world. With the mood...
Blowdryers and Flatirons: The Real Estate Market Heats Up with Salon Suites
For years the price of entry for solo entrepreneurs in the health and beauty category was high. With similar fixed startup costs as any professional practice would have, such as real estate, insurance, supplies, but with much slimmer profit margins, stylists and aestheticians were often relegated to renting chairs...
Retail Innovation Districts: The Community Outfitters
For many decades, the downtown, metropolitan area of a city was considered the central breeding ground for innovation and economic development. Establishing a retail chain within a metropolitan hub was considered the benchmark of success and the most sure-fire means to increase exposure and boost sales. However, a new...
When Fashion Met Style…Spin-Off Stores
Over the past few years, there has been a discouraging rash of mall vacancies and closings, as traditional department stores and retail chains have had to close shop, lick their wounds, and get back to the drawing board in hopes of reviving their brand names and regaining a foothold...
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