Fremont, Calif. — In observance of Governor Newsom’s new directive, Pacific Commons, a regional lifestyle center in Fremont, Calif., is now offering retail-to-go services with curbside pickup options available to shoppers. While the center itself is open, individual retailers will each determine when they will begin offering sales and curbside services, and their hours will vary. Shoppers taking advantage of retail-to-go services are asked to make their purchases from each retailer or restaurant online or over the phone; payment must be made electronically. When shoppers arrive at Pacific Commons, they …
property management
Fairfax, Va. — As various states begin to open back up, Peterson Companies, known throughout the Washington, D.C., region as one of the largest shopping/lifestyle center owners and managers, has developed a plan to safely welcome back its tenants and their customers, once permitted to do so. Elements of this plan will be implemented at several of its signature properties throughout the DMV including National Harbor, Downtown Silver Spring, Rio in Gaithersburg, Fairfax Corner and Fair Lakes. To better understand changing consumer preferences, the company recently surveyed its customers and …
New York — ShopOne Centers REIT Inc., a leading owner, operator and manager of high-quality grocery-anchored shopping centers, has promoted Bob Dake to chief operating officer and Tom Shine to senior vice president, property management. Dake previously served as ShopOne’s executive vice president of leasing, while Shine was the company’s vice president, property management. “The promotions of Bob and Tom are well deserved, as they have played critical roles in advancing the growth of our business and strengthening our relationships with flagship national and local retailers,” says John Roche, chief …
Indianapolis — Simon Property Group has released plans for reopening several of its malls in the first half of May. The openings are based on current state and/or local stay-at-home orders put in place as a result of the COVID-19 pandemic. Previously scheduled to open May 1, some properties in Georgia and Indiana have been delayed to a May 4 opening. View the reopening schedule here. Indianapolis-based Simon says its protocols have been reviewed and approved by experts in epidemiology and environmental health and safety. The protocols are in effort …
— By Matt Dailey — Creating efficiency in property management through technology. It’s no secret that technology is changing the way we live, work and shop now more than it ever has. Tech has disrupted nearly every industry, and although a little slower to the game, it has finally made its way to commercial real estate. On one end, we know that tech is enabling retailers to customize shopping experiences with an added-level of convenience, resulting in increased foot traffic and ultimately higher profits. But tech implementation can …
Raleigh, N.C. — Pacific Retail Capital Partners (PRCP) has been hired to take over the management and leasing of the popular 1.3 million-square-foot Crabtree Valley Mall in Raleigh, N.C. In the midst of the national coronavirus pandemic that caused shopping centers to shut down all over the country, Pacific Retail Capital Partners has well prepared and helped its clients, like Crabtree Valley Mall, to not only endure but also to thrive. “Amidst this unprecedented time when shopping centers across the country are closed due to COVID-19, we are adapting, leading …
Newark, N.J. — The addition of Springfield Avenue Marketplace in Newark, N.J., punctuates Levin Management Corporation’s (LMC’s) established position as a go-to services provider for grocery-anchored shopping centers. In April, the North Plainfield, N.J.-based commercial real estate services firm took on the role of leasing and managing agent — at a time of significant, COVID-19 related business disruption. The 112,000-square-foot Springfield Avenue Marketplace, located in Newark’s desirable University Heights neighborhood, is anchored by a 67,000-square-foot ShopRite supermarket. The assignment represents LMC’s first with the property’s ownership. “Making a management transition …
Bloomfield Hills, Mich. — As of March 19, 2020, Taubman Centers, Inc. temporarily closed all but two of the company’s U.S. shopping centers in response to COVID-19. The closures will continue through March 29, or later if required by state or local government. “After numerous discussions with state and local officials, we will temporarily cease operations in all but two centers this evening,” says the company’s chairman, president and CEO, Robert S. Taubman. “We are clearly in unprecedented times and this is right decision for our shoppers, retailers, employees and …
Indianapolis — After extensive discussions with federal, state and local officials and in recognition of the need to address the spread of COVID-19, Simon will close all of its retail properties, including malls, premium outlets and mills in the U.S. This measure took effect on March 18 and will end on March 29. “The health and safety of our shoppers, retailers and employees is of paramount importance and we are taking this step to help reduce the spread of COVID-19 in our communities,” says David Simon, chairman, CEO and president …
— By Trent Limban — The right products for cost-efficient landscape curb appeal. Maintaining your landscaping is an important factor in keeping your customers coming back as well as attracting new customers. The best and easiest way to maintain the landscaping for each of your stores is to pick products, such as mulch, plants and fertilizer, that are low maintenance and that work best in the climate where the store is located. This will ensure cost-effective solutions that are long term and low maintenance. Having picture perfect landscaping …