News & Events

How California Voted On Propositions That Affect CRE

There could be a boom in affordable housing development in California in the coming years or decades with the outcome of the 2018 election. The California election results are yet to be official but several statewide propositions, including funding for affordable housing for low-income, mentally ill residents and veterans, along with local...

Bisnow - November 09, 2018


Retail Industry Has High Expectations for Black Friday, Holiday Sales Season

With Black Friday and the holiday shopping season just around the corner, it’s crunch time for many retailers and mall operators. The season is critical for retailers because it can account for as much as 30 percent of annual sales. And shoppers come out in mass. The National Retail Federation estimated that 174 million people...

National Real Estate Investor - November 08, 2018


CVS to test stores with added health services early next year after Aetna deal closes

Consumers will soon start to see CVS Health’s vision for the future of health care. CVS expects its roughly $69 billion acquisition of health insurer Aetna to close before Thanksgiving, the company said Tuesday when announcing third-quarter financial results. The combined company has pledged to improve health services and outcomes...

CNBC - November 06, 2018


These are the fastest-growing retailers in America right now

America's fastest-growing retailers are bringing in millions and growing bigger every day. A recent ranking in the National Retail Federation's Stores magazine used sales data from Kantar Consulting to take a look at the top 100 fastest-growing retailers in America. It found that the fastest-growing companies, based on year-over-year...

Business Insider - October 26, 2018


New York City’s first Amazon Go cashierless store will open near the World Trade Center

Amazon’s version of a futuristic 7-Eleven store is coming to New York City, and it’s going to be located inside a shopping and office complex across from the World Trade Center, Recode has learned. Amazon plans to unveil the cashierless convenience store inside Brookfield Place, formerly known as the World Financial Center, in Manhattan’s Battery Park...

Recode - October 22, 2018


Walmart Eyes Pet Clinics, Dog Parks, Even Pet-Friendly Bars to Compete With Online Rivals

Walmart surged to the top of the American retailing heap by figuring out new ways to lure more people into its stores. Now it may try to draw more dogs and other pets, and their owners, with veterinary care clinics, dog parks and even so-called growler bars where human customers can get a drink with their pet. The concepts come as the world’s largest...

CoStar - October 12, 2018


Chick-fil-A Testing New Restaurant Model With Delivery-Focused Locations

Atlanta-based chicken sandwich purveyor Chick-fil-A, which has been expanding nationally at a rapid pace in recent years, is testing a new approach: locations without dining rooms that are focused on catering and delivery. Delivery in the retail sector is becoming increasingly important as not only restaurants but also grocers...

Bisnow - October 10, 2018


Netflix chooses New Mexico for new US production hub

Netflix has chosen New Mexico as the site of a new U.S. production hub and is negotiating to buy an existing multimillion-dollar studio complex in the state’s largest city. It is the company’s first purchase of such a property, and local officials said Monday that upcoming production work by Netflix in Albuquerque and other...

CNBC - October 08, 2018


AT&T to open 1,000 stores

The telecommunications giant announced plans to add 1,000 new stores, giving it one of the fastest-growing retail footprints in the nation. In addition to standard retail locations, AT&T plans to open pop-up stores in apartment buildings, condos and other locations in dense urban environments. The company, which said it can typically open...

Chain Store Age - October 07, 2018


Walmart plans to acquire plus-sized fashion startup Eloquii for $100 million

Last year, Walmart spun up a new team tasked with creating new ways to differentiate from Amazon in the long term. One answer: Incubating and acquiring digital-native brands that have direct relationships with customers and appeal to younger generations of shoppers — and won’t be sold on Amazon. Today, the world’s largest brick-and-mortar...

Recode - October 03, 2018


Amazon just opened a new store that sells popular items from its website. Here's what it looks like inside

Amazon opened a new store in New York on Thursday morning that's unlike anything the company has ever done before. Located in the city's SoHo neighborhood, the shop, known as Amazon-4 star, sells what the e-commerce giant considers to be some of its most popular or best-rated merchandise on its website. The store is a longer-term real estate deal...

CNBC - September 28, 2018


CoStar Composite Price Indices Continued to Heat Up Through End of Summer

This month's CoStar Commercial Repeat Sale Indices (CCRSI) provides the market's first look at commercial real estate pricing trends through August 2018. Based on 1,221 repeat sale pairs in August 2018 and more than 198,000 repeat sales since 1996, the CCRSI offers the broadest measure of commercial real estate repeat sales activity...

CoStar - September 26, 2018


Former Santa Monica Sears To Transform Into 100K SF Mixed-Use Development

Construction has begun to transform the iconic former Sears building in Silicon Beach into a modern-style mixed-use development with creative office and retail. In a JV, REIT Seritage Growth Properties and Newport Beach-based Invesco Real Estate co-own and are developing The Mark 302, a 100K SF mixed-use campus at 302 Colorado Blvd. in downtown...

Bisnow - September 17, 2018


Flood of Toys ’R’ Us Space Comes on the Market; Who’s Going After the Empty Boxes?

As part of Toys ‘R’ Us’ bankruptcy process—in which it closed its more than 700 U.S. stores totaling millions of sq. ft.—the retailer is in the process of selling off its real estate to other big-box retailers, including Big Lots, Hobby Lobby and Ashley Furniture. Toys ‘R’ Us is incrementally auctioning off stores that it owns across the...

National Real Estate Investor - August 16, 2018


Kroger begins tests of driverless grocery delivery in Arizona

roger and rival Walmart Inc (WMT.N) each have teamed up with autonomous vehicle companies in a bid to lower the high-cost of “last-mile” deliveries to customer doorsteps, as online retailer Amazon.com (AMZN.O) rolls out free Whole Foods delivery for subscribers to its Prime perks program.“Kroger wants to bring more customers the...

Reuters - August 10, 2018


McDonald's and franchisees to spend $6 billion to build, upgrade restaurants

McDonald's, the nation's largest burger chain, said Tuesday the company and its franchisees plan to invest $448 million in Texas on the construction and modernization of 840 McDonald's restaurants this year and next. The cash infusion will impact most McDonald's restaurants in Texas and is part of a broader effort by the...

Dallas News - August 07, 2018


Petco tries to 'Amazon-proof' its business with a new store

Petco is trying to Amazon-proof its business. Time will tell if the strategy really works. The privately held pet-goods retailer has just opened a new service-focused store that aims to give shoppers something they can't buy online. A pilot location opened this past Friday in San Marcos, California. Called PetCoach, it offers grooming...

CNBC - August 01, 2018


10 Up-and-Coming Retail Chains to Watch

There are many retailers that are growing their brick-and-mortar presence in the United States. Store opening announcements since January 2018 totaled 2,042. It’s all part of a broader evolution to bring more experience to malls, with the rise of chains that provide rock-climbing walls, food halls and virtual reality experiences...

National Real Estate Investor - July 11, 2018


Nike’s New Retail Store Blends Data And In-Store Shopping

Blending digital insights with a physical storefront experience, Nike has unveiled a new type of retail store in Los Angeles that will use customer data to determine inventory and personalize services. The 4,557 SF Nike by Melrose at 8552 Melrose Ave. in West Los Angeles is Nike's first Nike Live concept store that the multibillion-dollar...

Bisnow - July 07, 2018


Supreme Court Kills Quill, Gives States More Authority To Collect Sales Tax

Collecting sales tax on online purchases has been a controversial subject for years, and the latest Supreme Court decision clearly reflects that things are still not completely settled. The vote was a slim 5-4 decision, with Justice Kennedy writing for the majority together with Justices Thomas, Ginsburg, Alito, and Gorsuch. Justices...

Forbes - June 20, 2018


New Retail Ideas And Tech On Full Display At ICSC

LAS VEGAS — Projection-based video storefronts for advertisements, dressing rooms with 3D body scanners and an indoor hydroponic system to possibly supply a mall's food court restaurants with fresh greens — the possible future of retail was on display at International Council of Shopping Centers' RECon. The annual...

Bisnow - May 23, 2018


Malls Are Just Fine!

“The onus is not on the mall, it’s on the anchor,” said Naveen Jaggi, the president of retail advisory services at JLL. “Macy’s is one great example of a place that has been stuck in a time warp for 30 years. The mall itself is changing; it’s being challenged. That’s when you get new experiential or food concepts.”Mall owners...

Commercial Observer - May 22, 2018


Cleaning Up After Toys "R" Us

“We’re going to continue to see other big-box retailers come and go, but there will be replacements, or new uses filling those boxes,” Ladle predicted. “What happens more often than not — for those sites that are well-located — the next time I drive by those centers, six months later, there is a ‘Coming Soon’ sign for...

The Real Deal - May 20, 2018


Orange County Retail Up In First Quarter

The Orange County retail market started 2018 on a positive note, with net absorption at 124,635 SF and asking lease rates up 1.3% from the previous year, according to CBRE’s first-quarter report. “Strong market fundamentals and leasing momentum carried from the end of last year into the first quarter with all, but...

Bisnow - May 10, 2018


From Toys R Us to Pilates studios: Malls fill empty stores with latest fitness fads

In the world of retail, it's increasingly out with the old — traditional department stores or aging fast-food chains — and in with new wellness-oriented gyms and eateries that are in vogue among consumers.A growing number of Pilates studios, juice shops and other fitness- and health-focused businesses are filling the...

USA Today - May 04, 2018


The Country’s Food Hall Appetite Is Growing

Between 2015 and 2020, the number of operating major food halls will triple to 300 nationwide, according to a new report on food halls. At the end of 2015, when the brokerage began tracking food halls, there were 70 active food hall projects in the U.S., which rose to 86 by the end of 2016 and to 118 at the...

The Commercial Observer - April 11, 2018


Los Angeles ranks as most attractive commercial real estate market

Los Angeles ranked as the most-attractive CRE market in not only the U.S., but the entire Western Hemisphere.300 Real estate investors were surveyed about their feelings of the overall market, asking respondents to rank commercial real estate markets by desirability. Los Angeles ranked as the most attractive commercial real estate...

L.A. Biz - March 14, 2018


Kohl's taps grocer Aldi as its first partner to sublet space in downsized stores

Kohl's said Thursday it would bring discount grocer Aldi into as many as 10 stores later this year in a pilot test, as the retailer aims to scale down its real estate footprint and leverage space for others. CNBC reported in January that Kohl's would be working with grocers and convenience stores to lease...

CNBC - March 01, 2018


Butterfly Palladium In Buena Park To Be An Immersive Experience

Come 2019 visitors will be able to step inside a simulated Costa Rican rainforest surrounded by thousands of butterflies in Buena Park. Outside the Lines is constructing and designing some parts of the much-anticipated $25M Butterfly Palladium, which will sit on 9 acres at 7711 Beach Blvd. in Buena Park’s entertainment...

Bisnow - February 26, 2018


Pomonans celebrate start of restoration of former Pomona Valley YMCA

Wednesday about 200 people gathered outside the old building and celebrated what will be the start of the renovation and restoration of the building listed on the National Register of Historic Places. The building was closed and remained dark until last year when Ray Adamyk purchased the building. Adamyk is president...

Daily Bulletin - February 21, 2018


Los Alamitos Race Track Could Be Home To Master-Planned Mixed-Use Development In The Future

The home of the Chrome could become home to a large-scale residential and mixed-use commercial development in the future, if voters approve. After city of Cypress voters declined to rezone the Los Alamitos Race Course last year, the horse racetrack owner and proponents of creating a master-planned community on the 150 or...

Bisnow - February 15, 2018


SoCal Readies for First New Freeway in 25 Years

A new Los Angeles County freeway is set to be built that will connect the high desert communities of Lancaster and Palmdale with Victorville, Apple Valley and Adelanto. The $8-billion project would be the first freeway built in SoCal since the Century Freeway opened 25 years ago in South Los Angeles.The California Department of Transportation plan to...

Connect Commercial Real Estate - February 13, 2018


What will 7-Eleven do with all its new stores?

7-Eleven is one of the most well-known U.S. convenience store chains and thanks to an acquisition, customers might be noticing a lot more of them. The retailer has acquired 1,030 convenience stores owned by Sunoco spread across 17 states, the largest acquisition in 7-Eleven’s history, according to Convenience Store...

Retail Wire - February 04, 2018


America's 10 most valuable malls are bringing in billions in sales. Here's where they are

The U.S. retail landscape has its fair share of underperforming, out-of-date properties, but the highest-quality malls are still attracting shoppers in droves, raking in more than $1,000 per square foot, well above the industry's average. According to boutique research firm Boenning & Scattergood, the 20 most valuable malls...

CNBC - February 01, 2018


Ron Duong of Marcus & Millichap Sells the Historic Madison Square Garden in Laguna Beach and Two Retail Properties in Southern California Totaling $12,942,000

Ron Duong, Senior Vice President Investments of Marcus & Millichap's Newport Beach Office, closed escrow on three retail properties in Southern California - The Historic Madison Square Garden in Laguna Beach, the Los Alamitos Shopping Strip in Los Alamitos, and the mixed-use VEO Collection 1 in Carson.With Madison Square Garden, Ron Duong and Catherine Zhong of Marcus & Millichap sourced a strong foreign investor ...

Newswire - February 01, 2018


After That Cash Windfall, Where Is Apple's Second Campus Going?

As Amazon closes in on the location for its second campus, currently codenamed HQ2, is Apple planning its own search for Apple HQ2? The tech giant on Wednesday announced plans to invest billions of dollars in the U.S. as part of a broader effort to repatriate nearly a quarter-trillion dollars in overseas cash to the U.S. Apple also...

Fortune.com - January 22, 2018


Amazon Chooses 20 Finalists for Second Headquarters

SEATTLE — Like a college applicant waiting for that special message in the mail, officials in Boston got what they wanted on Thursday: a cryptic four-sentence note informing them that the city made the finals in its bid to host Amazon’s second headquarters. “We would like to move Boston forward in the process so we can...

The New York Times - January 18, 2018


15 companies that are defying the retail meltdown by opening hundreds of new stores

While many retailers are closing stores, some are rapidly building new locations, with at least one — Dollar General — adding as many as 900 stores this year. A large majority of the retailers that are opening new stores this year are discounters, including Dollar General, Dollar Tree, Family Dollar, Aldi, Lidl, Five...

Business Insider - January 14, 2018


The holidays were 'a big win' for struggling retailers as sales soared

Retailers had a very happy holiday. Retail sales from November 1 through Christmas Eve were up 4.9% over last year, according to data from Mastercard SpendingPulse. That's the highest rate of growth since 2011. That number was given a strong boost by online sales, which were up 18.1% over the season. Much of...

Business Insider - January 05, 2018


Dick's Sporting Goods could be a 'survivor' like Best Buy: Wells Fargo

Dick's Sporting Goods could be a 'survivor' like Best Buy: Wells Fargo Dick's Sporting Goods could be a 'survivor' like Best Buy: Wells Fargo The sporting goods sector in retail isn't shaping up to be all doom and gloom in 2018, despite some nasty headlines last year.Wells Fargo on Wednesday upgraded Dick's Sporting Goods to outperform...

CNBC - January 03, 2018


Walmart is developing a personal-shopper service for rich moms — and a store with no cashiers

When Walmart paid $3 billion for Jet.com and its founder Marc Lore, the promise was that the entrepreneur would help the retailer appeal to new types of customers. Here’s the next step in that evolution. A new Walmart subsidiary, called Code Eight, has recently started testing a personal shopping service...

Recode - December 26, 2017


They're watching you: Malls tap new tech to track shoppers

Against a backdrop of falling foot traffic and shuttered department stores, mall owners are looking for ways to more accurately track shoppers at their properties. The information allows landlords to make more informed decisions about how to redevelop and pick tenants.Jones Lang LaSalle, a services firm that specializes...

CNBC - December 06, 2017


Your Local CVS Drugstore Will Soon Look More Like a Health Clinic

One of the rationales behind the blockbuster $69 billion CVS Health -Aetna merger announced on Sunday is to help the drugstore giant make better use of its thousands of stores that dot the country.At 9,700 pharmacy locations, including those within Target (TGT, +0.41%) stores, CVS has a sprawling footprint...

Fortune.com - December 04, 2017


How Dollar General Became Rural America's Store of Choice

The local Dollar General store, built on a rural highway and surrounded by farmland, sells no fresh meat, greens or fruit. Yet the 7,400-square-foot steel-sided store has most of what Eddie Watson needs. The selection echoes a suburban drugstore chain, from shower curtains to breakfast cereal...

Morningstar.com - December 02, 2017


Marcus & Millichap’s President and CEO Hessam Nadji Talks About Retail Real Estate’s Winners and Losers This Holiday Season

Marcus & Millichap’s President and CEO Hessam Nadji talks with CNBC about the demise of traditional retail myth, retail real estate’s winners and losers this holiday season, how retail real estate investors are strategically repositioning tenant mixes, and how investors are creating value-add opportunities in retail assets...

CNBC - December 01, 2017


Closing of Weakest Stores by Retailers Ultimately Expected to Benefit US Shopping Center Performance

The U.S. national retail vacancy rate ticked up 10 basis points for the second consecutive quarter to reach 5.2% in the third quarter of 2017 as retail leasing and net absorption slowed despite continuing improvement in the broader economy and growing consumer spending power, according to...

CoStar - November 09, 2017


Downtown LA's Growth To Continue, Driven By Arts District Boom

Downtown LA's development growth and revitalization has spread within the city with increased U.S. and foreign investment and rising property values. LA is now second to Seattle for the most cranes in the U.S. This puts the market in a good position for continued growth in the years ahead while moving some districts...

bisnow.com - November 06, 2017


Newport Beach developer group wins county contract and 66-year lease for $200 million Dana Point Harbor revitalization

A $200 million overhaul of Dana Point Harbor is expected to include buildings with gabled standing seam metal roofs, open plazas, unique restaurants and shops, two hotels and possibly a surf museum. The long-awaited plan, a proposal by the Dana Point Harbor Partners LLC development group, was unanimously approved by...

The Orange County Register - October 24, 2017


Duong Retail Group Sells Garden Grove Starbucks for a 3.58% Cap Rate and Buena Park Shopping Strip for a 4.67% Cap Rate

Ron Duong of Marcus & Millichap's Newport Beach office, closed escrow on two high profile locations in Orange County. Among the two properties sold was a Starbucks ground lease drive-thru only site in Garden Grove, CA. Duong wasable to locate a strong buyer due to their aggressive marketing campaign...

Yahoo! Finance - October 20, 2017


Amazon adding first Orange County brick-and-mortar store next year near UCI

University Center, the retail center serving UC Irvine students and the adjacent college community, will soon be home to Orange County’s first Amazon storefront. The 3,150-square-foot space, set to open in early 2018, will have a counter for fetching packages and a wall of self-serve Amazon lockers accessed by a security...

The Orange County Register - October 18, 2017


7 National Retailers Expand Their Footprints In Bay Area Read

National chains are expanding into the Bay Area, filling spaces vacated by local and other national chains that have gone under. Many discount retailers are making headway throughout the region as are many popular food chains. Check out some big retailers adding locations or planning to add locations throughout...

bisnow.com - October 15, 2017


There Will Be More Retail Stores Opening Than Closing In 2017

You read the headline right, there are more retail stores opening this year than there are stores closing. You may say, but when I walk down almost any shopping street, I see so many vacancies where there were previously tenants, so... how can there be more openings than closings? A new report out by IHL Group answers the question. The kind of...

Forbes.com - October 11, 2017


Los Angeles Surpasses Manhattan As Largest Market In Nation For Deal Volume In First Half Of 2017

Los Angeles is the largest market in the nation by total deal volume, surpassing Manhattan in the first half of this year, according to a new report from CBRE. While Manhattan usually is the most active commercial real estate market in the country, LA's record-low unemployment and healthy fundamentals brought in investors...

bisnow.com - October 09, 2017


Bass Pro completes $4 billion acquisition of Cabela's

Bass Pro Shops' roughly $4 billion acquisition of rival outdoor retailer Cabela's is complete, but the small western Nebraska town that has been home to Cabela's is still wondering about its future. Monday's closing announcement didn't address how many of the roughly 2,000 Cabela's jobs will remain in Sidney, Nebraska. Bass Pro has said it expects...

ABCnews.com - October 02, 2017


The Food Court Matures Into the Food Hall

Determined to provide experiences that will attract consumers and persuade them to open their wallets, developers are opening more food halls, the food court’s up-and-coming sibling, which are in the midst of a robust expansion. Unlike food courts made up of fast food chains, food halls typically mix local artisan restaurants, butcher...

The New York Times - September 29, 2017


Ikea acquires TaskRabbit

Home furnishing company Ikea Group has purchased TaskRabbit, a company that connects freelance workers with clients in need of services like furniture assembly, moving or handyman work. TaskRabbit operates in 40 cities in the U.S. and London, and will continue to operate as as an independent company with the ability to partner with other...

MarketWatch - September 28, 2017


Tesla wants to turn some of its Supercharger stations into convenience stores

Charging an electric car isn’t like refueling one that runs on fossil fuels. The entire process can sometimes take 30 minutes or longer, and if you’re somewhere with spotty cell service, the wait becomes even more interminable. Tesla is eyeing a possible solution: small stores that sell cold beverages and salty snacks, located adjacent,,,

The Verge - September 22, 2017


Irvine Co. will make a pitch to put Amazon's second headquarters in Orange County

Orange County’s Irvine Co. said Friday that it plans to bid for Amazon.com’s second headquarters, which Amazon says will employ up to 50,000 people. Privately held Irvine Co. said it would work with the city of Irvine, a master-planned community developed by the company, to “submit a responsive and compelling...

LAtimes.com - September 15, 2017


Smaller American cities are attracting investment capital from overseas

There are four simple rules about capital investment, especially in commercial real estate: It will flow to where it's most wanted, where it's respected, where it's safe, and where it has the highest probability of market-rate adjusted returns. And that’s exactly what’s driving international capital into...

Business Insider - September 14, 2017


Wilson Meany's Janice Thacher Discusses What Hollywood Park Will Bring To Inglewood

Thanks to the under-construction $2.6B NFL stadium being built for the LA Rams and the Chargers, Inglewood is truly on the map. It was at the beginning of last year that NFL owners voted for the St. Louis Rams to move to LA. At the time, they also voted for the San Diego Chargers to have a one-year option to relocate and join...

bisnow.com - September 13, 2017


Retailers Opening Over 4,000 Stores in 2017, Debunking the Retail Apocalypse

The research reviewed over 1,800 retail chains with more than 50 U.S. stores in 10 retail vertical segments. It found that for every chain with a net closing of stores, 2.7 companies showed a net increase in store locations for 2017.“The negative narrative that has been out there about the death of retail is patently...

IHL Group - September 10, 2017


Amazon Outgrows Seattle: Opens Search for Second HQ City in North America

Amazon today is posting another unique offering you can bid for online: a new headquarters site in North America. The company is seeking sites in major North American cities for a "full equal" to its Seattle headquarters, dubbed Amazon HQ2. The online retailer expects to invest over $5 billion to build and operate its new co-headquarters, which...

Costar.com - September 07, 2017


Stores hot 100 Retailers in 2017

This annual list ranks the nation’s fastest-growing retailers by year-over-year domestic sales growth. There is a distinct lack of big-box general merchandise retailers on the chart this year, while there are plenty of businesses that exhibit differentiation in the marketplace, innovative merchandising and an appropriate...

STORES NRF Magazine - August 31, 2017


How Next Generation Retail Can Compete With E-Commerce

The demise of shopping malls and the plight of big-box retailers have engendered a pessimism about the viability of brick-and-mortar establishments. Not all retail has been rendered obsolete by e-commerce, and opportunities for innovative smaller retailers abound. Even if not directly in competition...

bisnow.com - August 25, 2017


Online Retailers Turn To Brick And Mortar Stores As Shoppers Seek Personal Service

From clicks to bricks, more and more online retailers are going back to basics — opening brick and mortar stores. “Consumers still want to feel and experience the brand, so they can actually see the product, see that it’s the same quality they see online,” Roosevelt Field Shopping Center, Marketing Director Nancy Gilbert told...

CBS New York - August 21, 2017


Dick's Sporting Goods expects 43 new store openings in 2017

Dick's Sporting Goods Inc. plans to open a total of 43 stores across the country in 2017, including stores that have already opened this year as well as the relocation of seven stores. Dick's (NYSE: DKS) updated its strategy with its second-quarter earnings, released Tuesday. The plans also include the opening of eight...

Industry News - August 15, 2017


Real Estate Forgot To Take A Summer Vacation

In commercial real estate, August is traditionally the slow season when business drags on as people come and go from the office to the beach, mountains or some foreign country for a family vacation. But this summer is marching to the beat of its own drum. With the first two weeks of August complete, nothing has slowed down, and the market is as active...

bisnow.com - August 13, 2017


13 Emerging Real Estate Startups to Keep an Eye On

The real estate industry is witnessing an exciting explosion of technological innovation in everything from property management to back-end office solutions. The start-ups below are in various stages of development, but all are transforming the face of real estate tech. The recent winner of the MIPIM Startup Competition...

Real Estate Tech News - August 10, 2017


The Secret to In-N-Out’s Cult Following

The City of Baldwin Park, California, sits northeast of the I-10 and 605 junction, covering some 6.6 miles of land in the San Gabriel Valley Region of Los Angeles County. A former agricultural outpost roughly 18 miles east of downtown Los Angeles, Baldwin Park is today a city of working-class souls eager to capture their...

QSR - August 06, 2017


Los Angeles Reaches Deal To Host 2028 Summer Olympics

LA will be hosting the Summer Olympics in 2028, according to an agreement LA has reached with Olympics leaders. Paris will host the 2024 Olympics. The International Olympic Committee is still expected to officially broadcast the news, the LA Times reports. The news broke earlier in the day Monday, but in late afternoon LA Mayor...

Bisnow.com - August 04, 2017


Hotel is a latest concept for shuttered Tower Records site in Brea Downtown

Changes are coming to Brea Downtown, but the biggest could be a hotel at the former site of Tower Records. A proposal for a five-level hotel has been discussed with the city and a submission for an application is expected soon, said David Crabtree, Brea’s community development director. “It’s an interesting concept for us. We are interested...

ocregister.com - August 04, 2017


Marshalls, TJ Maxx owner to open 260 new stores this year

Framingham-based TJX Companies Inc. plans to open 260 new stores this year, increasing its total worldwide number by nearly 7 percent as it continues to buck the downward trend among retailers. The off-price retailer currently has more than 3,800 stores...

Boston Business Journal - July 25, 2017


Kohl’s CEO Says Tech Will Spare His Stores From Retail’s Shakeout

The year 2017 has generated a constant drumbeat of mass store closure announcements by major retailers hit by chronically declining sales. But Kohl's (KSS, +1.23%), which earlier this year said it would reconfigure hundreds of stores to shrink them rather than close them, is bucking that trend, saying that physical locations, with a few tech...

Fortune.com - July 20, 2017


A new industry is beginning to thrive in rural America, with Amazon leading the way

Located in California's Central Valley, Tracy's proximity to the San Francisco Bay Area has turned it into a prime spot for distribution hubs, and it's not alone.With the boom in e-commerce and online shopping, companies have flocked to areas like the Central Valley, the Lehigh Valley in Pennsylvania, central New Jersey and Dallas, Texas, to build...

CNBC.com - July 15, 2017


3 Projects Headed To Anaheim

Orange County is booming with new construction projects, many in the increasingly popular Platinum Triangle area. Hong Kong's LT Global Investments is building a $500M, 14.8-acre, transit-oriented, mixed-use project adjacent to Angel Stadium called LT Platinum Center. The development is at the corner of State College Boulevard and...

Bisnow.com - July 13, 2017


Physical Retail: Definitely Different, Far From Dead

From recent headlines you might assume that sales in brick & mortar stores must be falling off a cliff. You'd be wrong. Yes, e-commerce is growing at a much faster rate, but revenues in physical stores remain positive (1%-2% growth depending on the source). There is also a sense that online shopping is becoming the dominant way most people...

Forbes.com - July 06, 2017


Seven of the Biggest Urban Projects Under Development Across US

It's good job security to be a crane operator in most American metros these days, with the U.S. construction pipeline at or near peak levels across most commercial property types. At nearly 40 million square feet of construction starts so far, the first half of 2017 has easily surpassed total office starts for all of 2015 and is running...

Costar.com - July 05, 2017


Whole Foods 365 To Open Three More Locations

For those wanting to try the new Whole Foods 365, the opportunity is about to grow in LA County. The chain plans to open three more stores in LA County this summer, TimeOut Los Angeles reports. A Santa Monica location is scheduled to open Aug. 9. Two more locations in North Hollywood and Long Beach will open next, possibly late...

Bisnow.com - June 29, 2017


JC Penney Refinances $2.35B Loan To Gain More Financial Flexibility

JC Penney has been working to give itself more breathing room as it navigates the retail climate. The Plano-based retailer refinanced a $2.35B asset-based revolving loan, the Dallas Morning News reports. The maturity of the loan has been extended from 2019 to 2022. Penney will likely use the loan to fund seasonal peaks in cash needs or general...

Bisnow.com - June 22, 2017


Amazon/Whole Foods $13.7B Pairing a Game-Changer But Not Dealbreaker for Shopping Center Landlords

In its first large-scale push into brick-and-mortar retail, Amazon (Nasdaq: AMZN) announced this morning it has agreed to buy Whole Foods Market, Inc. (Nasdaq:WFM) in an all-cash merger transaction valued at $13.7 billion. The historic pairing, together with today's announcement by retail giant Wal-Mart Stores, Inc. that it will buy...

Costar.com - June 20, 2017


Ron Duong Closes 14 Transactions for Over $29 Million in Complex NNN Investment Sales

Ron Duong, the top retail agent in Marcus & Millichap's Newport Beach office, closed escrow on 14 complex NNN investment properties in 11 states including 11 NNN restaurants, 1 NNN drug store, and 1 NNN convenience store. Amongst the NNN properties sold were a Minnesota zero-cash flow CVS, a Tennessee Church's Chicken with less than four years...

PR Newswire - June 15, 2017


Aldi fires $3.4 billion shot in U.S. supermarket wars

German grocery chain Aldi Inc [ALDIEI.UL] said on Sunday it would invest $3.4 billion to expand its U.S. store base to 2,500 by 2022, raising the stakes for rivals caught in a price war. Aldi operates 1,600 U.S. stores and earlier this year said it would add another 400 by the end of 2018 and spend $1.6 billion to remodel 1,300 of them. The investment...

Reuters.com - June 12, 2017


Porter Ranch Starts Construction Of “Crown Jewel”

LOS ANGELES—Shapell Liberty Investment Properties has broken ground on the final piece of Porter Ranch, an affluent master planned community in Los Angeles. The final development in the community, which has been under construction for decades, is a 345,000-square-foot shopping center mixed-use complex with community...

Globest.com - June 08, 2017


Who Are the Most Likely Tenants to Backfill Empty Retail Big Boxes?

As the retail industry continues with its metamorphosis, talk has turned to what will happen with all that extra big-box and mall anchor space that’s coming on the market? From 36 to 37 million sq. ft. of retail space could be returned to the market by next year, according to a recent report by JLL Research, based on store closure announcements. The next occupiers...

Nreionline.com - June 07, 2017


5 Fast-Growing Chains Hit List

Five OC-based restaurant chains and two of the companies’ chief executives made the 2017 Fast Casual Top 100 list for fast-growing food offerings. The list this year overall noted 76 chains and 24 executives. The OC-based restaurant chains are: No. 3 Slapfish in Huntington Beach, which has eight locations, six of which are in OC. The company...

OCBJ.com - June 02, 2017


CNBC Features Marcus & Millichap: Retail Resilience Amid E-commerce Growth

CNBC features Marcus & Millichap’s President and CEO, Hessam Nadji for his thoughts on how retail real estate is faring amid the impact of e-commerce.

Marcus & Millichap - May 30, 2017


How Self-Driving Cars Will Profoundly Change Real Estate

Menlo Ventures managing director Venky Ganesan says that urban spaces will change dramatically once self-driving cars become widespread. "The average house is roughly 3,000 sq ft and it's been going up. The size of your garage is roughly 500 sq ft. That means roughly 15 to 20% of your living space constructed in the average ...

CNBC.com - May 26, 2017


RECon RECap: Shopping Center Owners Shift Focus to Capitalize on Recaptured Store Spaces

About 37,000 retailers, retail brokers, investors and other retail professionals gathered in Las Vegas this week for RECon, the industry's largest trade convention, amid a tangible sense of frustration -- not so much about the retail real estate business, which remains uniformly good, but rather over the gloomy headlines and negative narrative...

Costar.com - May 25, 2017


Duong Retail Group Breaks Records With Escrow Closings on Two Retail Centers in the South Bay Totaling $20,370,000

Ron Duong of the Duong Retail Group closed escrow on two shopping centers in the South Bay: Strawberry Square in Gardena and Yukon Plaza in Torrance. With Strawberry Square, Duong's marketing efforts resulted in multiple offers and a competitive bidding environment which resulted in record pricing at a property price per square foot of $381 and...

Newswire - May 15, 2017


Fountain Valley Crossings plan for housing, retail and entertainment moves on to City Council

FOUNTAIN VALLEY — The Fountain Valley Crossings Plan, which proposes rezoning more than 160 acres to allow housing, retail and entertainment development in an industrial area, has cleared a major hurdle. The city’s Planning Commission on Wednesday, May 10, voted unanimously to recommend the ambitious proposal to the City...

ocregister.com - May 11, 2017


El Monte Moving Forwards With Plan to Revitalize its Downtown

In an effort to draw more investment to its Downtown area, the City of El Monte is considering a new specific plan that would facilitate the construction of dense multifamily housing and pedestrian-oriented developments. The proposed "Downtown Main Street Transit-Oriented Development Specific Plan," funded by a grant from Metro, encompasses...

Urbanize.LA - May 09, 2017


Duong Retail Group Closes Inland Empire Record Sale

Duong Retail Group closed escrow on two Inland Empire retail properties for a total of $9.9 million. A San Bernardino County-based private investor acquired the University Heights Shopping Center in Riverside, Calif., at a record-low cap rate of 5 percent. The first Black Bear Diner to hit the market in the Inland Empire sold at a cap rate of...

cpexecutive.com - April 20, 2017


Top 10 Restaurant Brands for Retail Landlords

Despite choppy same-store sales coming in 2016, the current market environment might be just right for ramping up the line-up of restaurant tenants, according to some industry observers. For retail center owners, fighting the current headwinds of e-commerce competition and failing retail chains has meant including more dining and...

Nreionline.com - April 12, 2017


Household Formation, Confident Consumers Powering Retail Sales Growth

Retail sales remained elevated in March as core retail sales rose 4.1 percent over the past year. Emerging wage growth, with average hourly earnings up 2.7 percent over the past year, coupled with consumer confidence at the highest level in 16 years form a positive outlook for the year ahead. Demand for retail properties pushed the national...

Marcus & Millichap - April 09, 2017


Convenience Retail Still Going Strong as 7-Eleven Adds 1,108 Stores for $3.31 Billion

Sunoco LP (NYSE: SUN) is getting out of the convenience store business. And that's good news for 7-Eleven. The energy company agreed to sell a majority of its gas station/convenience stores to 7-Eleven Inc. for $3.31 billion in cash. 7-Eleven is owned by Tokyo-based Seven & i Holdings Co. Ltd. The sale includes 1,108 convenience stores...

Costar.com - April 06, 2017


Trump Bump for Real Estate?

Fox Business features Marcus & Millichap’s President and CEO Hessam Nadji for his insight into an evolving real estate climate under the new administration.

Marcus & Millichap - April 03, 2017


Ron Duong Sells High-Traffic Property in Garden Grove

A development property at one of the busiest intersections in Orange County just sold in Garden Grove for a record $2.93M, or $141/SF. The Little Saigon 20,777 SF development property is at the corner of Westminster Avenue and Brookhurst Street. After multiple offers were made, the property was sold by a private investor to a local owner who plans to...

Bisnow.com - April 03, 2017


RETAIL NEWS SERIES: Flurry of Dept. Store Closures Forcing Mall Owners to Adapt, Reinvest or Die

In this two-part news report by Senior Editor Mark Heschmeyer, CoStar analyzed the stores being closed by the three major department store chains, Sears, Macy's and JC Penney. Over the last three years, the three chains combined have closed 1,195 locations in 860 cities. Among the hardest hit cities were: Jacksonville, FL, and Louisville, KY, each with seven...

Costar.com - March 30, 2017


Buffalo Wild Wings Looking to Sell 10% of its Company-Owned Restaurants

Buffalo Wild Wings Inc. (NASDAQ: BWLD) has retained restaurant and franchise investment banking firm The Cypress Group to manage the restaurant chain’s portfolio optimization initiative. Cypress will be marketing roughly 10% of the 620 Buffalo Wild Wings company-owned restaurants as the first phase of what the Minneapolis-based company called an ongoing...

Costar.com - March 29, 2017


Duong Retail Group Sells SoCal Single-Tenant NNN Rite Aid Asset

Ron Duong of Marcus & Millichap’s Newport Beach, Calif. office represented the buyer, a private investor. Rite Aid has nearly 20 years remaining on the initial lease with increases every 10 years. The new 17,185-square-foot freestanding building was completed in late 2016 and features a drive-thru. It is situated on a 1.63-acre parcel at the southwest...

Cpexecutive.com - March 08, 2017


Commercial Real Estate Lending Ended 2016 on Strong Note

Although overall lending volumes for the fourth quarter of 2016 were 7% lower compared to the fourth quarter of 2015, commercial real estate loan originations for the full year 2016 overall are expected to be just 1% lower than 2015, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage...

Costar.com - March 02, 2017


Seventh Inning Market Cycle Stretches On, And On

The current growth phase is proving to be the energizer bunny of real estate market cycles, and it appears that there is still plenty more power to keep it going. Since hitting bottom in 2009, the current cycle is now entering year eight of its upward trajectory. And despite signs that growth is slowing, or even flat in some cases, the common view...

Nreionline.com - February 28, 2017


Retail Investment Is All About Adding Value To A Revamped Shopping Experience

Retail throughout the country is going through growing pains. Redevelopment is turning old, tired malls into retail destinations. Two West Coast investors are finding ways to bring customers back to malls and shopping centers by reinventing the shopping experience. Pacific Retail Capital Partners focuses on value-add...

Bisnow.com - February 27, 2017


Surveys: CRE Leaders Optimistic About 'Continued Boom' in US Property Market Through 2017 and Beyond

A pair of new surveys point to continued favorable market conditions for US commercial real estate this year, with a strengthening economy paired with improved property fundamental and ready access to capital shoring up the real estate expansion through 2017. A survey by KPMG LLP of senior U.S. real estate executives further finds that uncertainties...

Costar.com - February 02, 2017


Latest Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey Results Reveal Positive Outlook For California

The survey asked respondents in San Francisco, Silicon Valley, East Bay, Los Angeles, Orange County and San Diego about markets and building conditions three years out for multifamily, office, industrial and retail. The three-year outlook was intentional since entitlements, environmental reviews and sales/purchases typically take about three years...

Bisnow.com - February 01, 2017


Walgreens, Rite Aid Forced to Amend Their Merger as New Administration Takes Over

Not having their hopes fulfilled that their $17.2 billion merger would win approval before President Obama left office, Walgreens Boots Alliance Inc. (NASDAQ: WBA) and Rite Aid Corp. (NYSE: RAD) extended their agreement to give new administration officials more time for review. First proposed in October 2015,he drawn-out approval process...

Costar.com - January 30, 2017


Inglewood real estate market expected to score as Chargers join Rams at new stadium - LA Times

The Chargers’ decision to join the Rams at a splashy new stadium in Inglewood has at least one builder even more pumped up about the city’s prospects. The promise of pro football in Inglewood, still three years away, has already given a lift to real estate developer Sandy Sigal, who is spending $15 million to renovate a 1960s-era shopping...

LAtimes.com - January 18, 2017


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