Connect CRE: California People and Company News, Week of May 31, 2024

NewMark Merrill Companies, Inc., a Calabasas-based retail shopping center owner and development company, has promoted Chuck Moore to regional property manager. He will oversee the management of more than 1.5 million square feet of commercial real estate in San Diego County, including notable shopping centers like Piazza Carmel and Grand Plaza.  Read the full …

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Sunday Summary: Retail of the Tape

There was a time when you could say that if you’d seen one ICSC conference, you’d seen ’em mall… But retail is a different animal now than it was 10 years ago, or even two years ago. And there was a lot to discuss as the brokers, owners …

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LA Times: Commercial Real Estate Visionaries

Commercial real estate, not unlike numerous other industries, has gone through unprecedented challenges over the past few years. And, yet, almost halfway through 2024, the Southern California commercial real estate sector has proven to be resilient, not just surviving but thriving. Current trends indicate a strong, steady recovery …

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NewMark Merrill: AI, Automation Will Benefit In-Person Retail

Automation is not only here to stay — it’s here to make the tasks of owning, operating, marketing and leasing a shopping center easier. That is the view of Sandy Sigal, chairman, CEO and president of Calabasas, Calif.-based NewMark Merrill Companies. “I see automation as a net positive,” he …

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Experts on Emerging Trends in Retail

From pricing to tenants changing their prototypes to adaptive reuse, these three executives give their take on retail. LAS VEGAS—There is a lag effect with sellers at the moment where sites are priced to be at a level where construction and the associated required rents aren’t working. That …

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A Great Combination

In a robust retail environment, some may argue that it takes less effort to succeed, but those who want to maximize their results realize that landlords and tenants must work hand-in-hand to achieve the best possible outcome. A rising tide lifts all boats, right? Yes and no. With …

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GlobeSt: Influencers in Retail Real Estate 2024

Retail has been an interesting space for the commercial real estate sector. In recent months consumers have shown signs of slowing purchasing in response to higher prices. At the same time, the fundamentals in the space have never been stronger for owners and landlords, amid a scarcity …

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Retailers Struggle With Mounting Losses Due to Theft

In 2022, $112.1 billion was to retail theft, up from $93.9 billion the prior year. At the beginning of the month New York Gov. Kathy Hochul introduced a $40 million package aimed at combating the rising retail theft across the state. It included retail-focused anti-theft teams for police …

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