LAS VEGAS—Fundamentally, well located real estate owned by strong operators should continue to thrive. So said David Blatt, CEO of CapStack Partners, a boutique investment bank that focuses on the real estate industry.
GlobeSt.com recently chatted with Blatt as part of our ICSC RECon coverage and he said that we are about two to three quarters away from retailer bankruptcies beginning to impact retail real estate and mortgages.
“The resilient mall operators will continue to re-tenant with experiential retail, as well as seek out adaptive re-uses,” he tells GlobeSt.com. “We predict former anchor space becoming self-storage, and in an ironic twist, last mile distribution centers for e-commerce. Both uses need, and benefit from, the main and main location of this real estate and its proximity to residential communities.”
When we chatted about the state of the retail market with Jeff Zeigler, senior managing director of retail services at OliverMcMillan, he noted that his firm's current focus is on mixed-use, urban locations and placemaking.
“Placemaking is one of our most important planning principles as we are guided by our vision: 'Making Special Places Happen.' Now more than ever, the retail industry is creating an unmatched customer experience – the best way to differentiate from the online marketplace,” he tells GlobeSt.com.
He says that at the Fifth + Broadway mixed-use development that the company is creating in Downtown Nashville, the company is finding that although retailers are cautious about expansion, they are also very interested in that project.
“It's attractive because there is a built-in audience for about 18 hours each day due to the heavy pedestrian traffic from events at the convention center, Bridgestone arena, Ryman auditorium, and the tourists from the thousands of nearby hotel rooms,” he says. “Additionally, it's located in the epicenter of a vibrant downtown office population – all of the ingredients for a wonderful community gathering place.”
For other thoughts from experts who attended the ICSC RECon event here in Las Vegas and to learn more about panel coverage from the event, check out the articles below.
How Foodie Culture Has Changed the Way Brokers Think
Attract the Retail Store of the Future to Your Community Now
Retail Expert: The Future is the Carful Curation of Space
What Brick and Mortar Retailers Need to Do
Caruso's Key to its Success, What Retailers are Looking for
A Closer Look at Retail Lending, Investment
Retailers Now Have Tremendous Options in “New Submarkets”
Experts at ICSC's RECon Say It's All About Fitness, Beauty, Food and Service
Will Food Halls be Retail's Hottest Growth Story?
Food and Beverage's Role in New Real Estate
Authenticity Is Critical to Food Hall Development
Upclose With Franklin Street at ICSC's RECon 2017
VEREIT Recognizes Top Leasing Brokers at ICSC RECon 2017
A Closer Look at Leasing Financials, Retailers Resiliance
Top of Mind Topics from ICSC's RECon 2017 Conference
DDG Talks Retail Landscape Shift, New Opportunity
Will Negativity in Retail Continue Until Sears Falls?
Is Retail Being Painted With Too Broad a Brush?
How Brick and Mortar Will Leverage Data and Analytics
New Power Couple: How Retailers and Retail Destinations Communicate
LAS VEGAS—Fundamentally, well located real estate owned by strong operators should continue to thrive. So said David Blatt, CEO of CapStack Partners, a boutique investment bank that focuses on the real estate industry.
GlobeSt.com recently chatted with Blatt as part of our ICSC RECon coverage and he said that we are about two to three quarters away from retailer bankruptcies beginning to impact retail real estate and mortgages.
“The resilient mall operators will continue to re-tenant with experiential retail, as well as seek out adaptive re-uses,” he tells GlobeSt.com. “We predict former anchor space becoming self-storage, and in an ironic twist, last mile distribution centers for e-commerce. Both uses need, and benefit from, the main and main location of this real estate and its proximity to residential communities.”
When we chatted about the state of the retail market with Jeff Zeigler, senior managing director of retail services at OliverMcMillan, he noted that his firm's current focus is on mixed-use, urban locations and placemaking.
“Placemaking is one of our most important planning principles as we are guided by our vision: 'Making Special Places Happen.' Now more than ever, the retail industry is creating an unmatched customer experience – the best way to differentiate from the online marketplace,” he tells GlobeSt.com.
He says that at the Fifth + Broadway mixed-use development that the company is creating in Downtown Nashville, the company is finding that although retailers are cautious about expansion, they are also very interested in that project.
“It's attractive because there is a built-in audience for about 18 hours each day due to the heavy pedestrian traffic from events at the convention center, Bridgestone arena, Ryman auditorium, and the tourists from the thousands of nearby hotel rooms,” he says. “Additionally, it's located in the epicenter of a vibrant downtown office population – all of the ingredients for a wonderful community gathering place.”
For other thoughts from experts who attended the ICSC RECon event here in Las Vegas and to learn more about panel coverage from the event, check out the articles below.
How Foodie Culture Has Changed the Way Brokers Think
Attract the Retail Store of the Future to Your Community Now
Retail Expert: The Future is the Carful Curation of Space
What Brick and Mortar Retailers Need to Do
Caruso's Key to its Success, What Retailers are Looking for
A Closer Look at Retail Lending, Investment
Retailers Now Have Tremendous Options in “New Submarkets”
Experts at ICSC's RECon Say It's All About Fitness, Beauty, Food and Service
Will Food Halls be Retail's Hottest Growth Story?
Food and Beverage's Role in New Real Estate
Authenticity Is Critical to Food Hall Development
Upclose With Franklin Street at ICSC's RECon 2017
VEREIT Recognizes Top Leasing Brokers at ICSC RECon 2017
A Closer Look at Leasing Financials, Retailers Resiliance
Top of Mind Topics from ICSC's RECon 2017 Conference
DDG Talks Retail Landscape Shift, New Opportunity
Will Negativity in Retail Continue Until Sears Falls?
Is Retail Being Painted With Too Broad a Brush?
How Brick and Mortar Will Leverage Data and Analytics
New Power Couple: How Retailers and Retail Destinations Communicate
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, 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.
