Lee’s Summit has landed two partners to help spearhead a mixed-use revamp of its historic downtown district. On Tuesday, City Council members approved a development structure agreement with Kansas City-based Lane4 Property Group Inc. and New York-based Biederman Redevelopment Ventures. They will be master developer and manager for the city’s Downtown Market Plaza, respectively. Read more in the Kansas City …
Shots in Arms and Cash in Hands – What Does it Mean for Retail? The American Recovery Plan Act became law on March 11 – having passed through the House and Senate and signed into law by President Joe Biden one day earlier than anticipated. In the month since its signing, millions of Americans have seen two things happening – …
The power of developing new ideas and mentoring young leaders is no more evident that at X Team Retail Advisors. The national retail alliance announced X Now, its multi-generational team, is growing its members in an effort to cultivate new retail leaders. The new regional X Now leaders are spread across the country and includes: National leader, Evan Albert of …
NORFOLK, VA (January 2021): SLN Capital Markets, a division of S.L. Nusbaum Realty Co., completed the sale of four separate outparcels to four different buyers at the Greenbrier Square Shopping Center in Chesapeake, VA. All of the transactions occurred within a few months after they hit the market, showing the continuing high demand for single tenant net leased assets. “All …
RICHMOND, VA (January 2021): S.L. Nusbaum Realty Co. is pleased to announce the sale of GreenGate Medical Office Building at 3400 Haydenpark Lane in Richmond, VA. The property was purchased by Montecito Medical Real Estate. Nathan Shor and Reid Cardon of S.L. Nusbaum Realty Co.’s Richmond office and Chris Zarpas and Chris Devine of the Norfolk office facilitated the transaction. …
Covid Acts as Accelerant in Retail Sector Transformation The health pandemic that swept across the globe in 2020 produced a host of challenges, yet not all outcomes were negative. There were a number of bright spots and opportunities for growth across the retail sector that emerged amidst the culling of some of the weakest players. The pandemic actually acted as …
Irvine, CA – (Jan 5, 2021): In a continued effort to carefully evaluate opportunities for its clients, Faris Lee Investments has arranged the off-market purchase of Meridian Plaza, a multi-tenant retail center anchored by Dollar Tree in Cypress, CA. The 28,500 square feet property fronts Katella Avenue, one of the primary east-west thoroughfares in the trade area, trafficked by more …
While an anxious national media reports on the retail apocalypse, spiking vacancy rates and big-name bankruptcies, perhaps it’s time for cooler heads to shift their focus squarely to the winners in the present disruption. Doom and gloom sells newspapers, but the list of prospering brands is long, and growing, as consumers adapt their shopping habits both to e-commerce revolution, and …