Woodland Hills, CA. (March 15, 2022) – NewMark Merrill Companies, Inc., a Woodland Hills, California-based retail shopping center owner and development company, announced that Greg Giacopuzzi and Darren Bovard have been selected as 2021 CoStar Power Brokers for Southern California retail leasing. Each year, CoStar identifies a select …
A small, aging industrial building in Inglewood, California, wouldn't be the sort of property that typically turns heads in the real estate world. But a nearly 75-year-old, 11,000-square-foot structure at 923 S. Prarie Ave. sold late last year for $8.5 million, about $772 per square foot, according to CoStar data, …
The Burlington store will relocate from the Stratford Square Mall in Bloomingdale across the street to the former Kmart on South Gary Avenue later this year. It is the latest anchor store to announce it is leaving the regional mall, which opened in 1981 at Gary Avenue and …
Woodland Hills, CA. (February 24, 2022) – NewMark Merrill Companies, Inc., a Woodland Hills, California-based retail shopping center owner and development company, announced that it signed Burlington to a 27,726-square-foot lease at Stratford Crossing shopping center, a 361,074-square-foot neighborhood shopping center located at 142 South Gary Avenue …
For enclosed malls, COVID-19 was a game-stopper. For open-air centers, COVID-19 was a game-maker. Their key players—grocery stores, D-I-Y big boxes, home goods providers—were graced with a title that none ever dared claim for themselves: “Essential.” Is it possible that, in two short years, the tenants that …
The retail industry is showing positive signs of growth after several years of challenges caused by the COVID-19 pandemic. According to a national report from Datex Property Solutions, which analyzed changes in retail assets from 2019 to 2021, many areas of the industry are continuing to get …
More than half of restaurant operators said it would be a year or more before business conditions return to normal, according to a newly-released National Restaurant Association’s 2022 State of the Restaurant Industry report. Food, labor, and occupancy costs are expected to remain elevated, and continue to impact …
Brick-and-mortar retail has long been an industry that is defined by survival of the differentiated. What can be commoditized, de-localized, or digitized likely will be. We’ve all watched category after category get Amazon’d and relegated to the dustbin of history. (Blockbuster Video, anyone?) Attempting to make sense of …
At ICSC’s biggest show of 2021 in Las Vegas last December, one booth, crammed to its borders with visitors, shone out as the rock star of the event. That was the booth of Placer.ai. Started just six years ago by experienced digital entrepreneurs who had absolutely no involvement …