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Reviving Retail: Shopoff's Vision for Converting Distressed Spaces into Thriving Residential Hubs

GlobeSt.com recently caught up with Bill Shopoff, the founder and CEO of Shopoff Realty Investments based in Irvine, CA, about his approach to tackling the housing shortage through the redevelopment of retail properties.

IRVINE, CA—The real estate investment landscape is undergoing significant evolution, marked by the emergence of innovative solutions. One such solution involves the revitalization of distressed retail spaces into mixed-use residential properties—a tale that seamlessly merges two major real estate asset classes while promising appealing investment returns. Not only does this approach tackle the housing shortage, but it also breathes new life into vacant or underutilized retail properties. We recently caught up with Bill Shopoff, founder and CEO of Irvine, CA-based Shopoff Realty Investments, for a Q&A on the subject. Shopoff has three projects converting retail into housing and mixed use underway and a fourth planned project, all in the highly competitive California market.

GlobeSt.com: Can you tell me what inspired you to venture into redeveloping distressed retail spaces into mixed-use residential properties and maybe a bit about the projects in particular or what stands out about them?

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Natalie Dolce

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

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