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LA Fitness Inks Deal for New Location in Long Beach

LA Fitness has inked a lease for a 34k sf space at Marina Pacifica Shopping Center, a 297k sf retail center owned by NewMark Merrill Companies in Long Beach. LA Fitness is set to open in the former Best Buy space. Marina Pacifica Shopping Center is located along …

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LA Fitness rendering

LA Fitness Replaces Best Buy at Long Beach Center

LA Fitness’s chief of real estate Bill Horner notes that convenient access to large, active populations is the key to the chain’s location strategy, and that’s certainly the case with its newly announced location at Marina Pacifica Shopping center on the Pacific Coast Highway overlooking Alamitos Bay. “Due …

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New National Sales Per Square Foot and Occupancy Costs Figures

Early during the pandemic there were questions on how much tenant rent was being collected by landlords. Datex Property Solutions1, a real estate portfolio management platform company, produces data showing that the total rent collections for national tenants during the first three months of 2020 hovered around …

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August retail rent payments close to 2019 levels

Despite the delta variant causing a new wave of restrictions on businesses, most retailers are paying their rent at nearly pre-pandemic levels. National chains have paid 95 percent of owed rent in August of this year. That’s just slightly below the nearly 97 percent paid during the same …

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Medtail Expansion Accelerating

Medical users have been expanding in shopping centers for roughly a decade as health care providers moved to offer patients more convenience. In 2019, nearly 28,000 shopping centers in the U.S. included a healthcare tenant, up from about 21,600 in 2013, according to CoStar. And this medtail migration …

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NewMark Merrill Companies Hires New Controller, Steve Kundar

Woodland Hills, CA (September 7th, 2021) – Newmark Merrill Companies, Inc., a Woodland Hills, California-based retail shopping center owner, announced today the hiring of Steve Kundar to the position of Controller. Mr. Kundar will fill the position held by longtime veteran Jessica Ramirez who was promoted to …

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Janss Marketplace shifts from selling goods to experiences

Janss Marketplace may be the oldest mall in Thousand Oaks, but it’s not quite the mall of yesteryear. Gone are Sears and Sizzler, replaced by Starbucks and a self-defense studio. While shopping centers across the country find themselves with empty space as brick-and-mortar stores close their doors, losing …

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