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Events
Wednesday April 30th
Bisnow: NYC Retail Real Estate Summit
New York, NY

With the unforgiving polar vortex behind us, and consistent upticks in consumer demand dispelling market anxieties stemming from the Fed’s tapering policies, there is only one direction retail is heading. Up! The consumer is back, and retail is king. Come hear about it from the industry leaders themselves at Bisnow’s 4th Annual NY Retail Summit.

Get 20% off by using this discount code at checkout: retailmls2014

Click here to register!

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May 18-20, 2014
ICSC RECon Las Vegas
Las Vegas Convention Center

RECon is the global convention for the shopping center industry and provides networking, deal making and educational opportunities for retail real estate professionals from around the world. With over 34,000 attendees and 1,000 exhibitors it is the largest industry convention, making it an unparalleled opportunity to do a year’s worth of business in just three days! If you are looking to meet retailers to discuss new or existing leases in your centers, view the latest industry products and services that are critical to your business, attend educational sessions or find the next deal, then you need to attend RECon.

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Wednesday June 11th
ICSC: New York Program and Networking Breakfast
New York, NY

Join us and gain valuable insight into the dynamic retail environment in the outer boroughs of New York City.

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Thursday July 17th, 3-9pm
Social Retail Summit #7
Dumbo Spot, New York

Social retail is the new approach to customer relations developed by next generation omnichannel retail brands, from online community to offline sales.

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Featured Article
Using Premium Technology Support to Improve Customer Experience
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Complex technologies currently create rich, engaging consumer experiences, but they also create great expectations; customers have more of a need than ever to regularly interact with companies whose products they purchase, and they require thorough customer service. Especially in the electronics industry, real-time premium technical support is increasingly becoming necessary for customers who need help solving a variety of problems. Providing this support is a great opportunity for retailers to improve and strengthen their relationships with customers.

Forrester recently release a report, “The Business Impact of Customer Experience, 2012,” that discusses how companies with scores in customer experience are very likely to gain customer loyalty. It proves that premium technology support is not only a necessity, but it also opens up a place to build positive relationships with customers. Here are a few fairly simple tips that retailers should incorporate into their premium technical support plans, as outlined on by Jordan Socran, VP business development at Radialpoint, on retailingtoday.com:

Posted on October 31, 2012

Featured Article
Retailers Prepare for Hurricane Sandy
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Everyone along the East Coast is preparing for Hurricane Sandy, predicted to be one of the largest storms to hit the Northeast region in decades. According to the National Hurricane Center, the hurricane is supposed to hit all along the coast, between Chincoteague, VA and Chatam, MA.

Businesses and retailers did not come to a halt yesterday (Sunday) in preparation. New Yorkers seemed to be more concerned with last minute supplies than fashion on Sunday afternoon. That said, foot traffic was very slow on 34th Street and the Fifth Avenue shopping corridors, which are both usually bustling at that time of day. Stores like Saks Fifth Avenue and Bergdorf Goodman boarded up their windows and are closed today. Lucky for retailers, this week is not a critical sales period, although the storm is definitely impacting Halloween sales.

Posted on October 29, 2012

Featured Article
Guest Blogger Michael Stoler: New Supermarkets and Grocery Stores Invading the Big Apple and the Region
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In 1980, Safer Way Natural Foods and Clarksville Natural Grocery join to open Whole Foods Market on September 20, with a staff of only 19 persons in Austin, Texas. It took twenty one years for the Whole Foods to open its first New York City store in Chelsea at 275 Seventh Avenue.

While Pathmark, A & P, Food Emporium and a number of local chains are in various stages of closing, Whole Foods Market continues to increase its presence in the New York City marketplace.

October 16th, Christina Minardi, Regional President, Whole Foods Market Northeast region reported “We are proud to announce its two newest New York City locations: Harlem and the Upper Eastside. As part of a new construction project our future Harlem store located at 125th Streeet and Lenox Avenue is being planned for opening during the summer of 2012 and will be approximately a 39,000 square foot location.”

Posted on October 29, 2012

Featured Article
Benjamin Fox
Benjamin Fox

Prior to heading up Massey Knakal Retail Leasing Services (MKRLS), Mr. Fox was the President of Winick Realty Group. In 1987, he co- founded New Spectrum Realty Services and grew it to a 35-broker powerhouse and one of New York City’s leading retail real estate brokerage firms. In 2000, New Spectrum was acquired by Newmark [...]

Posted on October 29, 2012

Featured Listing
Featured Article
Facebook Looks to Expand into E-Commerce World
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Facebook is testing out a new feature that allows users to create a wishlist of retail products! They recently announced their ideas for a trial for a “Want” button. Additionally, a “Buy” button will accompany the “Want” button, creating an f-commerce vehicle. All of this will be done through a new feature called Collections, according to an email from Facebook sent to PC Magazine. Facebook is currently engaging in a “small test in which a few select businesses will be able to share information about their products through a feature called Collections.” Seven retailers are participating in the initial test, including Pottery Barn, Wayfair, Victoria’s Secret, Michael Kors, Neiman Marcus, Smith Optics, and Fab.com.

The “Collections” page allows Facebook users to either “Like” an item, “Collect” an item, or “Want” an item. When a user “Wants” an item, a pop-up box emerges, asking “Why do you want this”. What this does is provides Facebook with a reason, as well as publishing an image of the wanted product on their friends’ Timelines. This allows their friends to also “Want” that same item.

Posted on October 26, 2012

Featured Article
Holiday Shoppers Planning to Spend, Especially Online
holiday shopping

A holiday shopping survey conducted by online shopping site PriceGrabber revealed that 54% of consumers plan to spend $500 or more on gifts this season, which is slightly higher than in 2011. Half of the respondents plan to spend the same amount this year that they spent last year, and 12% plan on spending more than in 2011. Of those who did indicate that they would spend more this year than last, 42% claim it’s because they are making more money, 34% believe there are currently better prices on gifts, and 22% say they have confidence in the economy. An increased credit limit accounts for 13% who plan to spend more this year, and 8% claim to be tired of being frugal.

Online retailers lead the pack concerning where shoppers plan to spend their money, with 75% of consumers saying they will purchase gifts online. Discount stores came in a very close second with 74% of the vote, followed by traditional department stores (49%), local independent retailers (41%), electronic stores (36%), clothing stores (24%), and luxury department stores (9%).

Posted on October 25, 2012

Featured Listing
Featured Article
Just Salad To Open THREE More Locations in NYC
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Just Salad recently announced that there will be three new locations opening up in 2012 in New York City- 2 in Manhattan, 1 in Brooklyn. According to Nick Kenner, the managing partner of Just Salad, “On a very basic level, there is a strong demand for healthy, quick food at a reasonable price”. And, given the type of food and the demographics it attracts, Just Salad has found that the concept does very well in urban locations. They decided to venture across the Brooklyn Bridge into Park Slope. This location will be situated at 252 7th Avenue in Brooklyn, and will open this winter. The restaurant will stay open until 10PM every night. The menu will look identical to the current Manhattan menu, with the possibility of adding a children’s menu.

The two locations to open up in Manhattan will be located at World Wide Plaza, and 663 Lexington Avenue. They are scheduled to open this winter as well.

Posted on October 24, 2012

Featured Article
Small Retailers Continue Outperforming Larger Counterparts Despite Slow September Growth
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Although monthly spending showed signs of slowing for small retailers, they are still outperforming their larger competitors in what has become a more than yearlong trend. Women’s Wear Daily reports that the monthly SpendingPulse for Small Business survey showed year-on-year sales gains for September slowing to 5.6 percent, which is down from a 6.8 percent gain in August. Although September’s advance is the smallest posted by the group this year, it continued putting small retailers ahead of the curve; overall retail results moved up only 4.1 percent.

Michael McNamara, global solutions leader for MasterCard SpendingPulse, said growth in specialty apparel, including both independents and larger chains, slowed to 3.7 percent last month from 7.1 percent in August, which is consistent with the trend seen when major retailers filed same-store sales results for September. McNamara also said that apparel retailers and retailers in other sectors of the survey had to deal with a series of challenges, ranging from difficult year-ago comparisons to “a macroeconomic environment that one can’t classify as being robust. The smaller stores as a group were up against a very tough year-ago number—they were ahead 9.4 percent in September 2011—and they’ll face the toughest comp of the year in November, when the 2011 increase was 10.5 percent.”

Posted on October 23, 2012

Featured Article
5 Notable Recent Deals
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1) Woburn Mall, a 276,205 SF shopping center in Woburn, MA was just sold to Bentall Kennedy for $62.1 million. As of now, the shopping center is 89% occupied, with tenants such as Market Basket, TJ Maxx, CVS, DSW, Sports Authority, PayLess Shoes, Radio Shack, and Panera Bread as the main anchors. CBRE partners Chris Angelone, Bill Moylan, and Nat Heald facilitated the deal.

2) The Shoppes at Seven Oaks, a 53,050 SF shopping Center in St. Louis, MO and 2.5 acres of developable land, was just sold to Time Equities Inc. for $7.12 million. Currently, the shopping center is 92% occupies, with tenants like Man Power Inc., Flex Health and Fitness, and The Corner Pub and Grill occupying the space. Geoff Daniels of Daniels Realty Group represented Time Equities in the deal.

Posted on October 22, 2012

Featured Article
September Retail Sales Up
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Aside from gas stations and restaurants, retail sales are up this holiday season. According to the National Retail Federation, September retail sales increased 0.4% seasonally adjusted from August, and 2.1% unadjusted year-over-year. Further, the U.S. Department of Commerce revealed September retail and food service sales were up 1.1% seasonally adjusted month to month, and 5.4% unadjusted year-over-year.

When looking at sales early this fall, NRF believes that back-to-school spending was “robust” and was definitely helped by new technology products. Regarding September sales for general merchandise stores, the NRF also reported that there was an increase of 0.3% month-to-month, but then decreased 1.2% year-over-year. On another note, sales for health and personal care stores increased 0.4% seasonally adjusted, and decreased 2% unadjusted.

Posted on October 19, 2012

Featured Article
Ares Buys Smart & Final from Apollo for $975 Million
Smart-&-Final

In a sale expected to close by the end of the year, private equity and credit firm Ares Management is purchasing a majority stake in Smart & Final Holdings Corp. for $975 million from Apollo Global Management. Apollo made its initial investment in Smart & Final in 2007 when it acquired the majority share from Paris-based Groupe Casino, who had owned the company since 1984. Smart & Final’s senior management will retain a minority stake.

Based in Los Angeles, Smart & Final is a smaller warehouse-style retailer similar to large warehouse dealer Costco, although Smart & Final does not charge membership fees. The company sells groceries, cooking equipment, and cleaning products out of 235 stores in California, Nevada, Arizona, Oregon, Idaho, and Washington, plus 13 joint-venture stores in northwest Mexico. It operates under three formats: Smart & Final, Smart & Final Extra!, and Cash & Carry. For the fiscal year that ended last January 12, Smart & Final’s sales were approximately $2 billion.

Posted on October 18, 2012

Featured Article
Flagship Manhattan Retail Space – Now AVAILABLE
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In a press release today, The Feil Organization revealed a brand new opportunity at 853 Broadway right in the heart of NYC’s upbeat Union Square. Located on the corner of 14th Street and Broadway, this space offers 37,028 SF space with multiple floors for retail in one of the busiest spots in New York City. Split up, the spaces feature a 5,898 SF ground floor, 6,667 SF basement, and 6,121 SF mezzanine. When combined with the second, third, and fourth floor office spaces, it combines to a total of 37,028 SF.

853 Broadway has a lot of unique, special features that make it a very prominent location. It is a highly visible, mixed-use 21-story commercial building. The area has pedestrian traffic that hits up to 150,000 people a day, and the Union Square Green Market attracts up to 250,000 people a week! Additionally, the Union Square subway station brings 34,245,000 riders a year. The building was built in 1926, and is owned and managed by The Feil Organization. “The available space at 853 Broadway is truly a once-in-a-lifetime retail opportunity. The location, the building, and the space itself are all of the highest caliber and The Feil Organization is excited to see the next phase of retail at the building,” explained Brian Feil, Vice President of Commercial Leasing at The Feil Organization.

Posted on October 17, 2012

Featured Article
CVS/Pharmacy Brings Halloween Spirit To Local Families
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On October 21, for the second year in a row, CVS is having a Family Halloween Party at all 7,400 stores in the Nation.

From 1:00 PM until 3:00 PM, families are all invited to go to their local CVS to get into the holiday spirit! Gifts will be offered to children who show up in costumes, in addition to a fun Halloween pack filled with $15 in Halloween coupons! These coupons include a free 5X7 photo taken and developed in-store, $5 off any Halloween costume, $5 off Hershey’s snack size candies (19-oz or larger), $2 off any CVS-brand C or D batteries, and $1 off UNREAL candy. And, at the Halloween party, families can buy all of their Halloween goods!

CVS intends on being a one-stop location for Halloween shopping. According to Judy Sansone, SVP of merchandising for CVS, “CVS/pharmacy has long been a one-stop shopping destination for Halloween, with everything from decorations, candy, costumes, and party supplies available for customers. The second annual Family Halloween Party is our way of thanking our customers by offering them a fun way to prepare and save money for Halloween with an early celebration for the whole family.” And what makes the CVS party even more fun? All of the Halloween necessities are affordable!

Posted on October 17, 2012

Featured Article
Kelly Gedinsky
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Kelly Gedinsky joined Winick Realty Group LLC in 2007. Having quickly proven her expertise, Ms. Gedinsky has been assigned to many of the company’s chief leasing projects. During her time at Winick Realty Group LLC, Ms. Gedinsky has become one of the most successful young female brokers in the industry, leasing over 450,000 square feet [...]

Posted on October 16, 2012

Featured Article
Retail Real Estate Improving in Some U.S. Areas
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According to Real Capital Analytics’s US Capital Trends retail report for August, national sales of significant retail properties totaled $2.7 billion, which was an increase from July and a small gain from the previous year. Of all markets surveyed, Manhattan had the highest sales volume at $2.7 billion, followed by Los Angeles at $1.4 billion. Malls and single tenant property sales continued increasing, and were up 22% year-over-year in August and 88% in the first eight months of 2012. Sales of strip centers, on the other hand, were down 10% year-over-year, totaling $1.5 billion.

RCA says that investment momentum is stronger than the volume figures suggest if portfolio sales are omitted; one-off property sales were up 20% during the first eight months of this year and they remained strong in July and August, with few major portfolios trading in either month. Distressed transactions reached their highest monthly level in August, accounting for 18% of the total volume.

Posted on October 16, 2012

Featured Article
RetailMLS Sponsors ICSC Event: New York Alliance Program
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On Tuesday, October 23, 2012, RetailMLS is sponsoring ICSC’s ‘New York Alliance Program’.

The event will begin with a networking breakfast. Following breakfast will be a Neighborhood Runway featuring five of the City’s most exciting retail districts. Presentations for this segment will be given by Lauren Brown (Jamaica Center BID, Queens), Gordon Bell (Bed-Stuy Gateway BID, Brooklyn), Michelle Sledge (Northfield Community LDC, Staten Island), and Jamila Diaz (HUB 3rd Avenue, Bronx).

A panel discussion regarding CityPoint and retail in Downtown Brooklyn will also take place. Business Improvement Districts (BIDs) increasingly play an active role in retail attraction, offering services, support and physical improvements that are transforming retail corridors throughout the five boroughs. One such example is CityPoint, a 1.6 million square foot project poised to change the face of downtown Brooklyn. Together with our panelists we will explore how the Downtown Brooklyn Partnership, a Business Improvement District, has facilitated efforts to ensure the success of this and other downtown retail projects.

Posted on October 15, 2012

Featured Article
Christmas Season To Bring Decline in Vacancy Rate
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According to Goldstein Group, a brokerage firm based out of New Jersey, there will be a decline in vacancy rates due to increased spending during this Christmas season. Goldstein revealed that there was a dip in vacancy rates along 22 major retail areas in New Jersey in the last six months. This may be due to the fact that more than 20 new retailers opened for the first time in New Jersey, and absorbed vacant space. Chuck Lanyard, the president of Goldstein Group, revealed that most of the leases are situated in very desirable highway corridors. For example, there are new leases on Route 4 in Paramus, and Route 46 in Parsippany. Given the decrease in vacancies along the highways, retailers are much more likely than before to open locations in downtown areas that are closer to train stations. That said, Chuck Lanyard believes that there are several other corridors that constantly struggle with vacancy rates because of defunct retailers, such as Daffy’s, Borders, and Einstein Moomjy.

Lanyard said, “We are still dealing with pockets of vacancies that remain, due to past retail bankruptcies, but New Jersey’s attractiveness as a retail market has made it more resilient than most major markets in the U.S. Some new retailers are coming into New Jersey because they’re seeing better rent deals than before the recession, but even with reduced rental rates, we still have strong numbers compared to rest of country, so most retailers are ending up in New Jersey because of the high traffic count and strong demographics”.

Posted on October 15, 2012

Featured Article
The Retail Report Launches “Featured Deals of the Month”
Retail Deals of the Month

The Retail Report is excited to announce the launch of our new column “Featured Deals of The Month.” Submit your deal at the link below to get featured!

SUBMIT DEAL HERE: http://bit.ly/TTG8xs

Posted on October 15, 2012

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