New National Sales Per Square Foot and Occupancy Costs Figures

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 …

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Who We Are — Creating Value and Community

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 …

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August retail rent payments close to 2019 levels

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 …

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Medtail Expansion Accelerating

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 …

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NewMark Merrill Companies Hires New Controller, Steve Kundar

Woodland Hills, CA (September 7th, 2021) – Newmark Merrill Companies, Inc., a Woodland Hills, California-based retail shopping center owner, announced today the hiring of Steve Kundar to the position of Controller. Mr. Kundar will fill the position held by longtime veteran Jessica Ramirez who was promoted to …

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Janss Marketplace shifts from selling goods to experiences

Janss Marketplace may be the oldest mall in Thousand Oaks, but it’s not quite the mall of yesteryear. Gone are Sears and Sizzler, replaced by Starbucks and a self-defense studio. While shopping centers across the country find themselves with empty space as brick-and-mortar stores close their doors, losing …

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