In 2019, Stony Island Plaza in the South Shore area of Chicago was flailing. Storefronts were vacant, tenant turnover was high and deferred maintenance had significantly affected curb appeal. The situation was dire. But NewMark Merrill Companies recognized potential, and embarked on a mission to reconnect with …
Founder, Chair, Chief Executive, President Newmark Merrill Sigal founded and currently serves as chair, chief executive and president of NewMark Merrill Cos., which has grown to become one of the fastest growing privately held developers and owners of shopping centers in California, Colorado and Illinois. Since the company’s …
The Terrible Tariffs. That’s the hot topic looming over every big industrial trade show in the land this year. Yet neither developers nor retailers seemed overly steamed about it at last week’s ICSC show in Las Vegas. “Retailers, of course, have the tariffs on their minds, but what we’re …
Retail real estate experts shared takes on the new taxes on trade at CRE's biggest annual conference President Donald Trump's tariff policies and their potential consequences were unavoidable topics at ICSC in Las Vegas this year, due to their sheer scale and day-to-day variability. While many posited that tariffs …
Annual Vegas confab a mini escape from tariffs, interest rates, bankruptcies “Parties tell you the story,” said NewMark Merrill Companies founder and CEO Sandy Sigal as he held court at his event Monday night on the Las Vegas Strip. “Forget all the statistics and everything else. People are …
The developer and shopping center owner spoke with CO at ICSC about retail’s fundamentals, tariffs and how he views the future of the sector Sandy Sigal is concerned. The founder and CEO of NewMark Merrill Companies, a Calabasas, Calif.-based developer and owner of shopping centers, sounded off on the trends and …
“It’s about finding partners that align with our mission to improve communities through vibrant retail centers." LAS VEGAS—As the retail industry’s leading figures descend on Las Vegas for the annual ICSC event, the atmosphere is charged with a blend of cautious optimism and a forward-looking embrace of innovation. …
“What excites me most is the opportunity to engage with current and prospective retail partners." LAS VEGAS—As the retail real estate industry gears up for ICSC Las Vegas this weekend and early next week, industry executives share what they're most looking forward to at this year’s event—and why …
Rebound is fizzling amid store-chain bankruptcies and tariff concerns Shopping-center owner Sandy Sigal groaned when he found out that the bankrupt home-goods retailer Big Lots was closing its location at his Whittier, Calif., strip center. He knew it wouldn’t be easy to replace Big Lots, which had attracted shoppers from the surrounding neighborhoods …