Investors Find Retail Gold in Second Tier

CALABASAS, CA-“As tenant demand increases for well-located junior box space, landlords will not be as motivated to keep a struggling tenant or offer concessions.” So says Alvin Mansour, senior vice president of investments and senior director of the national retail group and net leased properties group at Marcus & Millichap Real Estate Investment Services, who recently chatted with GlobeSt.com west coast editor, Natalie Dolce on where retail is headed, who the players are, and where the opportunity lies. Mansour was recently named one of the firm’s top investment specialists of Marcus & Millichap nationwide.

GlobeSt.com: In the spring of 2009, the retail sector was in the center of a perfect storm caused by a number of factors including the housing crash, overbuilding and frozen credit markets, not to mention massive job loss and a lack of consumer confidence. Where do things stand today and where are they headed? How is inventory?