True Classic’s Post

🛍️✨ Retail Building Ownership Chronicles! 🏬 Whether it's a cozy boutique or a bustling shopping center, owning a retail property is a journey filled with unique stories. Share your experiences or aspirations as a retail building owner below! 👩💼🛒 #RetailOwnership #RealEstateInvesting #ShopOwnersUnite

Why I chose retail: It’s all about resilience and evolution! These properties not only adapt but thrive through decades, much like the retail industry itself. It’s a reminder of why I am so passionate about what I do.

This is one issue of Shopping Center Business you won't want to miss! See what's in store for the Meyers Group's upscale project in Orlando in the cover story 👇 Standing Ovation Meyers Group is planning an upscale project in Orlando that targets an older demographic while still being approachable for families. By Randall Shearin; insights from – William Shewalter, Meyers Group. Inside this Issue: East Meets West Japanese specialty retailer Daiso is bringing its eclectic range of retail to more markets throughout the United States and broadening its consumer base. Written by Hayden Spiess; insights from John Clarke, Daiso USA Scoring Big with Sports and Entertainment Concepts From pickleball to gaming to live music, landlords create hot new combinations that appeal to a variety of consumers and boost sales. By Kristin Harlow; insights from – Tim Katt, Transwestern Real Estate; Steven Mueller & Patrick Holleran, HDA Architects; Beau Arnason, Steiner + Associates; David Donato, Continental Realty Corporation; Doug Rendleman, A.J. Brown, Inc.; Kathleen Brill, Cullinan Properties; Andrew Totten, JAMES MCHUGH; Mervat Berry, CCIM, MDL Group/CORFAC International. Communication Facilitates Mall Redevelopments The complex projects encompass many moving parts and players. Keeping them all on the same page is crucial to success. By Taylor Williams; insights from – Steve Plenge & Najla Kayyem, Pacific Retail Capital Partners; Tom Wilder, Wilder Cos.; Kari Glinski, Federal Realty Investment Trust; William Holzman, St. John Properties, Inc.; Rebecca Wing, Regency Centers. Recovery Mode The movie theatre exhibition business has seen an uptick in strong content over the past year, boosting attendance. Here’s a look at how the industry is doing overall. Chuck Stilley, Mark McDonald & Eva Mui, The Cinema Bridge interviewed by Randall Shearin. Adapting for a Growing Area Metro North Crossing is a planned 1 million-square-foot mixed-use center that is the adaptive re-use of a former regional mall. By Randall Shearin; insights from – Dan Horn, IAS Partners. -- There's much more to see! Read the issue NOW: https://lnkd.in/eJX9Rb4R #ShoppingCenter #CRE #Retail #MixedUse #Malls #Redevelopment

"Wow" is an understatement for the divisional visit we had on yesterday. Our store#4692# was one of the stores in Mkt 498 to welcome a surprise visit from Executive VP, Kelvin Buncum, VP Operations, Eric Bushnell Sr Director People Operations, Carlos Sanchez AP Ops Jerry Jessica in realty and countless others that took the time to meet with our entire leadership team of team leads, academy trainers and associates to tour our store, ask us about our buisness, what's working, what's broken, what are we proud of and how could they help us fix our obstacles. Its no secret: *our store turnover is front and center *road construction on our main entrances that have continued over a year and a half and sometimes the construction has closed off 1 main entry point which wrecks havoc on sales when customers are inconvenienced, * remodel of a competitor grocery store, *2 additional new liquor stores opened *General store which opened up less than 2 miles from our location. But instead of focusing on things that I'm pretty sure they already were aware of, that entire team asked us what we were doing differently and applauded our efforts as Eric said "wow, you guys are swimming up stream" Now did we always get it right, were there some hit and misses, bumps in the road....ABSOLUTELY!!, BUT noone on this team at 4692 gave up, never said it was impossible Our motto: we never know unless we try- ask for forgiveness later. An associate snapped a pic after we sang Happy Birthday to Eric and today it seems like it was a dream. Still work to be done and we have our hands wrapped around it. Appreciative on a new outlook, course correction and above all making it happen.

When Foxtrot closed doors earlier this year, what was not predicted was the frenzy of #RetailRealEstate operators pouncing on the opportunity to capture some prime #Retail frontage. In today's market, retail vacancy is sitting at a historic low, which is sub-5 percent, nationwide. So when there is any inkling of prime #RealEstate coming available, there is a "line out the door" to snag a piece of it, especially those spaces which are in dense neighborhoods which lend themselves towards retail operators like restaurants, entertainment venues and all types of retail concepts. The current market favors #Landlords and established operators, as landlords have a sea of potential tenants to choose from and established operators are able to provide the corporate guarantees, high rental rates and long-term leases which landlords are always seeking of a potential tenant.

Mission is growing!!

Everywhere you look Los Cabos is changing. That includes the retail sector, where new boutique retail centers serve local communities and clientele. My story on the changing retail landscape coming in new issue of Cabo Living magazine #cabolivingmagazine #cabo #loscabos #retailcenter

Feast your ears on the newest episode of our podcast!

Closed until May 1st? Eeesh! ...and no, this particular business is not in a seasonal category or trade area. Continuous Occupancy: Generally, most shopping center owners have an expectation that tenants are open for business most days of the week. Why? Activity at the shopping center is critical to the ecosystem, and the performance of co-tenants. Activated storefronts are important for perception.

🔊Sound On! 🔊 Below is a real-time market report on the state of commercial real estate and retail markets. In the video below, I’ll cover transactional volume in the market at large and at Encore Real Estate Investment Services and in my own business and discuss how high-quality net lease assets that are priced right are moving fast. Retail is not dead, in fact it is alive and well! Retail vacancies are at a historic low of 4.8% which is lower than they've been for 18 years! Although we’ve seen some recent big-box closings, like Bed Bath and Beyond and Party City, and #QSR operators like Toms Kings and Meridian file for bankruptcy, the overall retail landscape is healthy and thriving. And what about those major operators in the #QSR space that filed for bankruptcy earlier this year? This shift provides opportunities for other operators who can be successful at a location previously unsuccessful as well as investors who can repurpose fundamentally sound real estate with a new tenant or concept. Speaking of which, major national chains have announced yet another new store prototype. The new McDonald's propotype is exciting and Taco Bell's new prototype - being build in Texas - doesn't even have an interior dining area! Neighborhood retail shopping centers continue to be one of #CRE's darlings during the current market cycle. Little to no strip center development and low vacancies continue to stabilize - or in some cases - increase the values of today's real estate darlings. There is also a flight to quality going on, and #NetLease provides that quality and security that many investors so desperately want. Check out my video below for more insights on the current state of the market! I decided to keep the outtakes in the video just to show that behind the scenes things often don't work out as planned but that doesn't stop me from delivering the final product! What are YOUR thoughts on all of this?