Getting a new Specialty Leasing booking inquiry every 4 hours is the stuff that shopping center landlords’ dreams are made of. But this dream turned to reality recently for Westwood Financial when, after just 72 hours of going live on casuallease.com with a batch of their shopping centers, 19 booking inquiries were received. 17 of … More IF SHORT TERM OPERATORS AREN’T LOOKING, YOU’RE NOT LIKELY TO GET A BOOKING.
What might have been a standard trip to Hugo Boss turned exceptional when Amanda Goller spotted the new Ted Baker store at the Galleria. She hadn’t visited the high-end clothier since she worked in finance on Wall Street, a job she left two years ago for a corporate one in Houston’s energy sector. The London-based … More Galleria’s new luxury wing proves not all malls are dying.
Short term leasing is today an integral part of the shopping center landscape across North America. Specialty Leasing is growing, becoming more sophisticated and some interesting trends are emerging in this dynamic market place. Here’s the backdrop to this phenomenon: Landlords are under mounting pressure to introduce products and services that cannot be accessed on … More Specialty Leasing – the BIG opportunity for Shopping Centers
Even as anchor retailers such as JCPenney, Sears, Sports Authority and Macy’s downsize their store fleets, there are plenty of vibrant, newer concepts to replace them, experts say. Small-business optimism hit a low point 2009, but the entrepreneurial climate has been climbing steadily ever since. In January of 2016, the National Federation of Independent Business’ … More Rethinking Traditional Anchors.
As Macy’s and Sears close hundreds of stores, the divide between America’s best and worst malls is widening. But it isn’t only the weakest properties that are losing ground. Just as retailers shutter stores to funnel resources to their most coveted spaces, major mall owners are doing the same. Having already sold off many of … More While you’ve been paying attention to failing malls, these shopping centers are thriving.
Is Amazon really the killer everyone says it is? More retailers are on the brink of death than any time since the Great Recession, according to ratings firm Moody’s. Hundreds of department stores are closing, and once-chic clothing brands are barely treading water — or, in the case of American Apparel and The Limited, recently … More Retail chains are floundering and it’s not because of Amazon
The online destination for short-term specialty leasing locations, casuallease.com, has been selected by the Federal Government to join its recently introduced ‘Landing Pad’ program, which provides market-ready companies with access to some of the world’s most renowned innovation and start-up ecosystems. Landing Pads have been established in Berlin, San Francisco, Shanghai, Singapore and Tel Aviv. … More CasualLease.com Selected For Highly Coveted Landing Pad Program
The retail landscape is constantly evolving. While some will declare that the internet has killed retail, it has actually just sped up the evolutionary process and created new opportunities for brick and mortar retailers. Developers who wish to succeed in the new landscape will need to take note of these emerging trends so they can … More The Future of Retail Center Properties
Beauty retailer Ulta is making retail real estate landlords happy right now. The company recently announced plans to open up to 1,700 stores across the country, up from the 928 it currently operates. Just earlier this year, Ulta executives said the chain would top out at 1,200 units, so the good news is even better … More Which Types of Retailers Are Opening New Stores?
Bringing digital into malls boosts physical sales, rather than kill them. Contrary to popular belief, the future of retail isn’t online. Neither, according to global mall operator Westfield’s Antony Ritch, is it in brick and mortar stores. Rather, he predicts the two sectors will merge into one indistinguishable whole. Ritch heads up Westfield Labs, the … More Westfield Labs wants to merge physical and digital shopping.