SENREVE’s Post

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.

Has this happened in your retail shopping center? With retail space being so scarce, tight labor conditions, and high costs, some tenants may sign ✍️ a lease and pay their rent but not open or choose to operate continuously. 📌 From the tenant perspective, this can make sense but there are implications for the landlord as well! Despite the tenant paying their rent, the center’s other tenants and the landlord will still be impacted by an opportunity loss: ▪️ Co-tenancy provisions can kick in ▪️ Loss of percentage rent revenue ▪️ Shoppers may be put off by empty space ▪️ A seemingly abandoned, shabby space can bring down the overall attractiveness of the center In this great article by Daniel Villalpando at Cox, Castle & Nicholson LLP, Daniel offers landlords the following remedies: ▪️ Give the tenant extra time to open before remedies take effect. ▪️ Require the tenant to at least open for one day. ▪️ Make sure the tenant is required to perform all of its other obligations under the lease. ▪️ Give yourself the right to “recapture” the premises. ▪️ Don’t let a tenant’s right to “go dark” impact the economics of your deal. Read the article here: https://bit.ly/3Q8pBqD #TSCG #CREtail #RetailStores #CRE #Retail

Attention Sacramento retailers! Brighter Spaces brings brilliance to your retail space with essential cleaning tips. It's not just about cleanliness; it's about creating an unmatched shopping experience. From sparkling displays to immaculate floors, discover the ABCs of retail space cleaning. ABC's of Retail Space Cleaning 🛍️🧹 Aisles: Regular Dusting and Organization: Ensure regular dusting and organization of aisles, maintaining an attractive product presentation. Displays: Prominent and Attractive Arrangement: Display products prominently and attractively to enhance the shopping experience. Floors: Daily Maintenance and Periodic Deep Cleaning: Implement a routine of daily maintenance, including sweeping, and schedule periodic deep cleaning for spotless floors. Connect with Brighter Spaces on LinkedIn and schedule a walkthrough to bring brilliance to your Sacramento retail space. Learn More about our Retail and Commercial Cleaning

Ranking: The UK’s 10 most appealing high streets "Queen Street in Cardiff has ranked as the UK’s most appealing high street by new consumer research from American Express and GlobalData. The study, which surveyed 2,000 consumers across Britain to pinpoint what they believe makes for a great high street, was combined with in-depth analysis to identify the locations with the winning formula. Factors such as an attractive mix of retailers topped shoppers’ wish list (67%), with good parking a close second (62%). The research found that customers also value independent pubs and restaurants, with over half (52%) saying these make a high street ‘great’." by Georgia Wright at Retail Gazette American Express Dan Edelman GlobalData Plc Matt Piner #retailnews #highstreet #ukshopping

This article offers a great perspective on the Brookfield Properties approach to developing our U.S. retail portfolio through periods of change. As our chief development officer Adam Tritt says, there can be a silver lining to transforming and investing in anchor boxes, offering mall owners the opportunity to curate the retail, dining, and other creative uses that will get today's shoppers to the mall. Highly recommend the read! #brookfieldpropertieslife #retaildevelopment #thefuture

Don't miss out on the latest issue of Shopping Center Business – Mixed-Use Remains Hot Despite Construction Challenges Though construction headwinds persist, the potential of mixed-use projects motivates many developers to keep going. By Nellie Day; insights from: Keisha Virtue, JLL; Terry Todd, RDC.; Merouane El Karoussi, Bohler; Christopher Hake, Thompson Thrift. Inside this Issue: New Attraction The Port of San Diego has plans for an entertainment district on East Harbor Island, opening a new hub of activity. By Randall Shearin; insights from – Shaun Sumner, Port of San Diego. Beyond Transactions Creating destination stores for lasting connections. By Jaime Bettencourt, Mood Media Cultivating the Loyalist Experience Creating an experience involves tapping into community and brand identity. By Michelle Collins, A\N/A A Non-Agency® Putting the Wonder in Retailtainment Sony draws on its wealth of IP to create customer experiences at its flagship Wonderverse destination in metro Chicago. By Hayden Spies; insights from – Jeffrey Godsick, Sony Pictures Entertainment. Smalls Sliders Joins the Big Time In its innovative small spaces, the young slider brand is going big places — with 200 modular “Cans” open or under development in 16 states. Maria Rivera, Smalls Sliders interviewed by Katie Lee. Cooperative Growth With a retail cooperative model similar to franchising, Ace Hardware is uniquely able to continue its historic expansion with more than 200 new stores planned in 2024. Jason Hipskind, ACE Hardware interviewed by Katie Lee. Read the issue: https://lnkd.in/ddsXU_x4 #CRE #ShoppingCenters #Retail #Retailtainment

This article offers a great perspective on the Brookfield Properties approach to developing our U.S. retail portfolio through periods of change. As our chief development officer Adam Tritt says, there can be a silver lining to transforming and investing in anchor boxes, offering mall owners the opportunity to curate the retail, dining, and other creative uses that will get today's shoppers to the mall. Highly recommend the read! #brookfieldpropertieslife #retaildevelopment

This article offers a great perspective on the Brookfield Properties approach to developing our U.S. retail portfolio through periods of change. As our chief development officer Adam Tritt says, there can be a silver lining to transforming and investing in anchor boxes, offering mall owners the opportunity to curate the retail, dining, and other creative uses that will get today's shoppers to the mall. Highly recommend the read! #brookfieldpropertieslife #retaildevelopment

Despite the retail real estate comeback, roughly 500 department store spaces nationwide now sit vacant. Why have so many department stores been forced to close? Partner Andy Bank, chair of our Real Estate Practice, told The Wall Street Journal that the decline of department stores can be attributed in part to online shopping. Now that shoppers can order directly from retail brands, department stores are less necessary for customer acquisition and boosting retailers’ profit margins. He noted that retailers are increasingly opening their own stores rather than relying on department store staff to sell their goods. Retailers prefer to control their customers’ entire experience, from the way their products are displayed to the shop’s lighting and scent and the design of the shopping bags customers walk out with. Wall Street Journal subscribers may read the full article here: https://lnkd.in/ejCMfiiU Read more here: https://lnkd.in/e_ShURA2 #CommercialRealEstate #Retail

Discover how mall owners are completely reinventing their spaces, learn about Foot Locker's big move to St. Petersburg, and find out which fast food chain is coming to Parrish. Read all about it in this week's #LQCRE #TampaBay #LQTPA #Retail #News Brief. https://buff.ly/47fpxg4