Once the economy reopens fully, Janss Marketplace has positioned itself to be the entertainment capital of Thousand Oaks. The mall, already home to Regal Cinemas, Dave & Busters, Defy Ariel Sports trampoline park (formerly Dojo Boom) and a number of restaurants, is set to welcome The Mighty Axe, …
Six months into the pandemic, Sandy Sigal isn’t sugarcoating the situation. The NewMark Merrill Co. chairman and CEO sees a significant number of tenants, particularly small business owners, that won’t survive without additional government stimulus. NewMark Merrill owns and/or manages more than 80 shopping centers, spanning 10 …
Chicken finger-focused fast-food chain Raising Cane’s has broken ground on its new Longmont restaurant and expects the location to be open by December. The restaurant at 1236 S. Hover St. is taking the place of the former La Madeleine site, which has been vacant since the cafe shuttered …
Answers involve consumer psychology, business risk-taking, political will. Southern California’s economy is on the mend — but how full and quick will a further rebound be? The pandemic recession was a harsh stop designed to treat a health emergency. But tricky questions remain involving hard-to-quantify factors such as consumer …
ORANGE COUNTY, Calif. — NewMark Merrill Cos. has a lot of plans to bring customers back to its retail centers in Orange County. In Anaheim, at the Anaheim Town Square, the shopping center will be hosting more drive-in movie nights and every second Saturday, a kid’s craft event. In …
Reopening Los Angeles County has gone from “swift and safe” to “stringent and slow.” A little over three months ago, county officials reopened retail businesses for in-store shopping at 50 percent capacity as they moved toward “sweeping new standards for swift and safe reopening.” But those businesses had …
CHICAGO (CBS) — Many retailers are struggling during the pandemic, and the trickledown effect hits their landlords. Fewer sales means trouble paying rent. The CEO of a real estate giant offered to talk with the CBS 2 Morning Insiders, adding “no questions are off limits.” “I’ve been in the business …
Proceedings for the eviction of retail tenants are picking up across the country as courts reopen and states’ moratoriums on evictions are expiring or getting curtailed as the economy reopens. In Miami, a luxury-shopping-center landlord began legal proceedings to evict Saks Fifth Avenue two weeks ago for nonpayment …
SAN DIEGO (KGTV)- Across California, many businesses continue to struggle in San Diego County, and some business owners say they can’t afford to pay their rent anymore without their usual income during this pandemic. Landlords are also feeling the effects of the small business struggle. “Many tenants are paying …