The retail industry is experiencing severe challenges, and NewMark Merrill’s President and CEO Sandy Sigal believes in addressing issues head on. The company is one of the fastest-growing, privately-held developers and owners of shopping centers in Southern California, Colorado, and Illinois, operating roughly 80 properties valued at …
Property owners are generally reluctant to offer relief because of accounting rules, effect on ability to get loans. Many landlords took pity on their struggling restaurant tenants by offering to postpone rent payments in April. Now, even as these businesses start to reopen, some are asking for rent …
Woodland Hills, Calif. — NewMark Merrill Cos. has launched Waves of Kindness, a program to aid communities during the COVID-19 crisis. NewMark Merrill began the program earlier this month, working with its grocery partners to give over $14,000 in groceries to more than 380 families. Customers were given $50 …
Sandy Sigal was interviewed by the ABC 7 Los Angeles news anchors at 5pm about the current state of retail in light of the new reopening plans for our tenants and what we are doing to protect our tenants and customers. Sandy discussed some of the challenges …
Crenshaw Imperial replaced their monthly kids fun zone event with a free gift to mom this past Saturday before Mother’s Day. Contempo Nail Spa donated some gifts handpicked for mom, including a $20 gift card for salon services and a free manicure kit.
Like many people in commercial real estate, the coronavirus crisis has tested Sandy Sigal's leadership. Sigal is the founder, president and CEO of NewMark Merrill Cos., a Los Angeles-based retail owner and manager of 85 shopping centers with 2,000 tenants across California, Colorado and Illinois. He employs 100 people. …
Retail rent deferral and rent relief plans have targeted smaller tenants first over larger tenants that have access to outside capital and the capital markets. This has been true for many landlords, particularly in large anchored shopping centers. NewMark Merrill Co. is one example. The retail investor, which …
A shopping center owner discusses rent relief requests, reopening plans and the outlook for experiential retail. What do we do about tenants asking for rent relief?” “How can we make sure that when we reopen, we can do so safely?” “How many of our retailers will be left …
Landlords are facing their own challenges from Covid-19,ranging from rent discussions to keeping retail centers clean and safe. Sandy Sigal is CEO of Woodland Hills-based NewMark Merrill Cos.Inc.,which owns or manages retail centers in more than 45 cities in California, Colorado and Illinois. NewMark Merrill owns four centers …