Office, apartments and retail property make up bulk of buildings in evacuation zones. Roughly 12 million square feet of commercial real estate is at risk of damage from the ongoing Los Angeles wildfires, a figure that represents less than 1% of the total business inventory in Los …
An excess of retail space pre-COVID yielded to a dearth of it. Now, the industry has finally started a measured march to equilibrium. Forecasts show a small uptick in new retail construction planned for 2025 and considerably more for ensuing years. When paired with rising investor interest …
Higher housing costs on the coast are driving more residents to heavily industrial Riverside and San Bernardino counties The old Sears department store in Riverside, Calif., about an hour due east of Los Angeles, has sat vacant and boarded up for the last five years. It was one …
After a battle with cancer that led her to rethink everything, Coreen Cammarano opened The Joint Chiropractic at Stratford Crossing, a completely new endeavor that promised personal growth and professional fulfillment. For nearly two decades following college, Coreen had embraced her role as a stay-at-home mom, going …
In 2014, NewMark Merrill acquired Crenshaw Imperial Plaza and promptly embarked on an aggressive $18 million revitalization plan that combined their full team’s expertise with key community partnerships and local and national merchant connections. Implementing their corporate philosophy that puts community at the forefront, NewMark Merrill immediately …
THOUSAND OAKS, Calif. (KABC) -- What better way to start the Christmas festivities than with Santa Claus ditching his sleigh and using his parachute instead, making a spectacular arrival from the sky at Janss Marketplace in Thousand Oaks. That kicked off a day of holiday celebration at the Jingle …
A new venture targets underserved, inner-city communities in Southern California. Sandy Sigal grew up in the San Fernando Valley and has located his business NewMark Merrill Cos. there as well. The Calabasas shopping center owner, known for Janss Marketplace in Thousand Oaks, the West Hills Shopping Center, and Del …
Two executives on the opportunities presented by neighborhood centers in underinvested communities. In recent years, an increasing number of retail investors and developers have been shifting their attention toward undeserved communities. The Sun Belt for example, known for its high in-migration rates and friendly business environment, has been particularly attractive. To …
Landlords of well-located shopping centers are in a strong position to correct below-market rents and ramp up their tenant mixes, some say. “There’s never a better time to replace your weaker merchants than when demand is high and supply is low,” said Retail Specialists executive vice president …