Sandy Sigal, executive director of NewMark Merrill, owner of Janss Marketplace, said he doesn’t regret his decision to welcome Hooters to Thousand Oaks’ legacy mall eight years ago. At the time, 2011, NewMark had owned the shopping center for 10 years, and Sigal said it had begun to …
Some use technology that recognizes people’s faces but stops short of identifying, recording them As their struggle with store closings persists, some U.S. mall owners and retailers are stepping up their use of technology that recognizes people’s faces but stops short of identifying and recording them. Landlords could do …
The great paradox of the real estate business is that, on one hand, it’s the single largest asset class on the planet with a global estimate of $228 trillion, and it generates tremendous amounts of operating, financial and market-level data. On the other hand, real estate is …
The Jewish Federation of Greater Los Angeles recently threw a party at the Beverly Hilton to honor Sanford D. "Sandy" Sigal, one of the biggest names in Southern California retail real estate, and he took the opportunity to pay homage to the group he said played a …
Sandy Sigal, president and CEO of NewMark Merrill, may have built his company in the physical world of real estate, but he's keenly aware the lines between online and brick and mortar are blurring. In fact, he asserts that the line is often non-existent for the consumer …
The term “experiential retail” may be fast becoming an overused slice of business jargon but, according to Danaria Farris McCoy, divisions operations director for NewMark Merrill Mountain States, it’s also key for the retail industry moving forward. “Not only is it exciting and fun, but it’s what’s going to take our …
If landlords and retail center owners want to remain in business for the long haul, they will need to start bringing in unconventional businesses, different designs and adding experiential tenants. The big-box mall of the past is dead. Owners need to design their shopping centers and malls like a …
From augmented reality to the latest in analytics, ICSC’s Las Vegas event highlighted the tech tools that aim to enhance brick-and-mortar retail. Cereal boxes that come to life. Tools that bring data analytics to a new level. And yes, facial recognition software. Amid the untold thousands of dealmaking meetings …
Some market observers have long argued that the mall is a relic of retail’s glory days. And as big-box stores continue to shutter across the U.S., proclamations about the mall’s slow-moving death march only ring louder. Yet a number of property developers are seeing this as an …