Search
Copyright © 2024 ALM Global, LLC. All Rights Reserved.
From left: REBNY panelists Richard Wagman, Brad Mendelson, Michael Goldban and Robin Abrams NEW YORK CITY—Figuring out the winning formula of how retailers can best work with Internet sales remains elusive.
Richard Wagman, managing partner at Madison Capital, wryly stated after Amazon put almost every bookstore out of business, the company opened a bookstore at the Time Warner Center—“and it’s horrible.”
“I don’t get it. Amazon said, ‘You have to see our store at Columbus Circle. It’s a real experiential store,’” said Wagman. “I walked into the store and I was like, ‘Actually, it’s kind of like a sh*tty Barnes & Noble.’”
Real Estate Board of New York panelists on Wednesday confronted the blunt facts facing retail. During the past 15 years, real estate professionals pushed and expanded to add urban, street-level, retail shops throughout the city. Sales had increased by 7% to 9% and rents went up as well. However, that story has changed.
*May exclude premium content
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Assessment
Sponsored by Cherre
Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges
CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.
Assessment
Sponsored by Cherre
Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges
CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.
Assessment
Sponsored by Cherre
Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations
Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.
Copyright © 2024 ALM Global, LLC. All Rights Reserved.
Sign In
Sign In
