By Joseph B. Conn on Posted in Leasing Issues,Retail Industry IssuesRelationships matter. Seems obvious, but not always understood. However, this past week Scott Kadish, Alex Conn and I experienced firsthand the importance of this simple principle. Last week we attended the ICSC U.S. Shopping Center Law Conference in San Antonio, Texas. For 4 days we attended educational sessions (we actually led the discussion in 2… Continue Reading
By Scott Kadish on Posted in Leasing Issues,Retail Industry Issues“Street Food” has generally referred to prepared food items ready for immediate consumption sold on the street or in a public space from a food cart, food truck or similar moveable station. The connotation was cheaper fast food. Today, “street food” is a unique, trendy selling point. There is Piada Italian Street Food that brands… Continue Reading
By Scott Kadish on Posted in Leasing Issues,Retail Industry IssuesI just returned from the National Restaurant Association Financial Officers and Tax Executives Conference in Las Vegas. I participated on a Real Estate Leasing Trends panel with Adam Schwegman, head of the eat/drink department of General Growth Properties and George Galloway of Next Realty Mid-Atlantic, with Ryan Cupersmith of Ernst & Young as our moderator.… Continue Reading
By Scott Kadish on Posted in Retail Industry Issues,UncategorizedI just attended the Midwest Real Estate News Magazine Cincinnati Commercial Real Estate Summit. I heard a very interesting discussion about the Cincinnati real estate market, addressing retail, office, industrial, healthcare and investment properties. Norm Khoury of Colliers International was the moderator. John Thompson of Newmark Grubb Knight Frank discussed retail issues. John commented that… Continue Reading
By Scott Kadish on Posted in Retail Industry IssuesI just attended a CREW presentation which was entitled “New Retail Trends and Addressing Consumer Demands.” However, the presentation was actually about three high profile retail projects all located in Cincinnati, Ohio, and, it included three high profile developers, at least one of whom (depending upon who you asked) is also extremely talented. Mark Fallon… Continue Reading
By Steve Nesbitt on Posted in Retail Industry IssuesI recently attended our client’s, Steiner + Associates, grand-opening ceremony for Liberty Center, a $350 million mixed-use development featuring, shopping, dining, luxury residential apartments, offices, a state-of-the-art movie theater and a new to market AC Hotel by Marriott located in the middle of the growing Cincinnati-Dayton metroplex along Interstate 75. As I toured Liberty Center,… Continue Reading
By Scott Kadish on Posted in Retail Industry IssuesI just attended the ICSC Idea Exchange in Columbus, Ohio where several great ideas were exchanged. Robert Myers, Chief Operating Officer of Philips Edison & Company, said it was a seller’s market with cap rates of 4 to 5. I learned that fast casual pizza (think Chipotle does pizza) is the fastest growing segment of… Continue Reading
By Scott Kadish on Posted in Development,Development Issues,Leasing Issues,Retail Industry IssuesLeasing space to a restaurant chain is very desirable for a shopping center landlord. Name recognition attracts people to the center and a chain typically has better financial resources. So, the landlord starts out saying “I want a Cheesecake Factory, Cooper’s Hawk, Tom & Chee…fill in the blank, at my center.” Then during lease negotiations,… Continue Reading
By Brad Kaplan on Posted in Hospitality,Hospitality Industry Issues,Retail Industry IssuesAfter many years of serving the hospitality industry in various capacities, we have brought all of our skills and experiences under one roof as we have formalized our Hospitality Industry practice to serve the growing needs of our hospitality industry clients. The hospitality industry defines “client service.” We work with our hospitality clients – hotel, restaurant,… Continue Reading
By Brad Kaplan on Posted in General Business Issues,Retail Industry IssuesIt is no surprise to most real estate professionals that the industry is cyclical. 2008/2009 was rock bottom for the real estate industry. Slowly the industry has made a steady rebound thanks to the private investment. As in many recoveries, the primary major metropolitan areas mostly situated along the East and West Coasts have seen… Continue Reading
By Scott Kadish on Posted in Retail Industry IssuesI just attended the ICSC Law conference in Orlando where I led, along with Maggie Sitko of Sitko Bruno in Pittsburgh, a seminar on letters of intent. Leasing attorneys all appear to be busy and the numbers reflect that as the conference attracted an all-time high attendance. This is what I learned at the conference:… Continue Reading
By Scott Kadish on Posted in Retail Industry IssuesI recently speculated that retail must be back. I just attended the ICSC Idea Exchange in Columbus, Ohio and got further support for this idea. Robert Myers, Chief Operating Officer of Philips Edison & Company, said they were now seeing increased occupancy rates in the mid 90% with positive absorption, low interest rates on lending, and… Continue Reading
By Scott Kadish on Posted in Development Issues,Mixed Use Development Issues,New Urbanism,Retail Industry IssuesFor quite a while there has been very few new shopping centers being developed. Many people may have even questioned whether there would ever be any new significant shopping centers. Apparently, times have changed. In rapid succession, I have been engaged to do the lease up of two brand new, big time, large scale shopping… Continue Reading
By Brad Kaplan on Posted in Development Issues,Retail Industry IssuesWhile the rest of the real estate industry recovers from the downturn of the last several years, the golf course industry is struggling to emerge; it remains a buyer’s market. Some golf courses are converting to multi-use/multi-generational activities to attract more members and activity to their properties. Others are converting from "member-owned equity" clubs to… Continue Reading
By Brad Kaplan on Posted in Leasing Issues,Retail Industry Issues Fortune Magazine recently published an article relating to a conversation with the CEO of Kimco Realty, Dave Henry. Henry makes some very compelling arguments as to why strip malls and brick and mortar retail in general is here to stay for a while and why the population demographics will continue to provide ample support. Henry… Continue Reading
By Scott Kadish on Posted in Retail Industry IssuesIt is now apparent that retail drives our economy. Instead of bashing indulgent consumption, it is time to embrace it. As we approach the holiday season then, it might be a good time to take note of the trends from 2013. 1. Return to the City or Something Resembling Downtown. The new retail “centers” are increasingly not… Continue Reading
By Bill Gagliano on Posted in Development Issues,New Urbanism,Retail Industry IssuesThe End of the Suburbs – Where the American Dream is Moving. That’s the title of the newest book by Leigh Gallagher, Assistant Managing Editor of FORTUNE Magazine, and the topic of much interest at the 13th Annual Commercial Real Estate Deal Maker Forum held this morning in Cleveland. The event was co-sponsored by Ulmer & Berne… Continue Reading
By Scott Kadish on Posted in Retail Industry IssuesThe International Council of Shopping Centers (ICSC) has its annual law conference in San Diego next week. For any attorney involved in retail leasing, it is a must see event. The seminars are very worthwhile. I have been doing leasing for over 20 years now and still come away from each conference feeling like I learned… Continue Reading
By Scott Kadish on Posted in Retail Industry IssuesWine is a great hobby – it combines art and science; it has a social component; it may be heart healthy; it definitely improves mental well-being. Combine good wine, with great food in a cool environment and you are asking where to sign up, right? Cooper’s Hawk is a new retail concept that is becoming… Continue Reading
By Brad Kaplan on Posted in Development Issues,Retail Industry IssuesWith the first quarter coming to an end we have gathered a short list of what we believe are the Real Estate Industry Trends for 2013. Let us know if you agree, disagree or see other issues which we missed. Our list is not in any particular order and not intended to be comprehensive, just provocative.… Continue Reading
By Brad Kaplan on Posted in Retail Industry IssuesCongratulations to our friend, David LaRue, CEO of Forest City Enterprises, on his nomination as the Chairman of ICSC for 2013-2014. We know that under David’s guidance ICSC will be well served !… Continue Reading
By Brad Kaplan on Posted in Retail Industry Issues,TransportationTRANSPORTATION, LOGISTICTS, SUPPLY CHAIN MANAGMENT, INTERMODEL, TRUCKING, TRAINS, SHIPPING ok, you get it. As the economy wakes up goods being moved around the country need to make their way to ports, factories and consumers. Opportunities abound for projects and developers if they are poised to take advantage of the logistics and supply chain sectors of the… Continue Reading
By Scott Kadish on Posted in Retail Industry IssuesThe ICSC Law Conference is being held this week in Phoenix. It alternates from the West to the East each year – this year it’s out West. It is a great conference for any attorney practicing in the retail real estate industry. Here are the top 10 reasons for attending: 10. There is a seminar on… Continue Reading
It is no surprise to most real estate professionals that the industry is cyclical. 2008/2009 was rock bottom for the real estate industry. Slowly the industry has made a steady rebound thanks to the private investment. As in many recoveries, the primary major metropolitan areas mostly situated along the East and West Coasts have seen… Continue Reading