You can always find something great happening at NewMark Merrill, and we love to share the latest!
From first dates to family outings, a night at the movies used to be a huge pre-pandemic draw. However, one of society’s biggest rituals is struggling to recover, even as COVID-19 capacity limits are lifted. Like many other sectors, the longer-term survival of movie theaters is a huge …
LONG BEACH, CALIF. — LA Fitness has leased 33,987 square feet of space, which Best Buy formerly occupied at Marina Pacifica Shopping Center in Long Beach. The gym location is scheduled open in early 2022. Other tenants at the 296,954-square-foot shopping center include AMC, Ralphs, Nordstrom Rack, Barnes …
The Los Angeles City Council voted 11-2 Wednesday to require entrants to indoor venues including restaurants, malls, gyms, movie theaters and coffee shops to show proof of vaccination against Covid-19. There was little discussion about the vote during Wednesday’s council meeting, a contrast to when the matter was first …
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 …
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 …
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 …
For many companies, real estate is a simple business: maintain properties, lease space, collect rents. At Newmark Merrill, we believe it’s a lot more complex — and rewarding — than that. It’s a chance to fulfill dreams, create communities and value, and forge new paths in technology …
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 …
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 …