By Joan Verdon
It’s May and this is the month of reckoning for retailers and their landlords.
With malls and stores across the country closed since March, and half of those stores in default on their April rent, retailers and landlords have tough decisions to make.
This month, if they can’t find a way to share the pain, they risk mortally wounding each other. Read the full article at Forbes.com »
Heartland Real Estate Business By: Kristin Harlow On the food-and-beverage front, developer Steiner + Associates is targeting premium dining concepts, according to Spencer Jordan, senior vice president of leasing for the Columbus, Ohio-based firm. These users “can function as both a destination and an anchor for adjacent retail,” she says. Read more at Heartland Real…
Heartland Real Estate Business By Beau Arnason & Laura Wedekind Property management has evolved from traditional operations and maintenance to strategic placemaking. Today, property managers curate tenants and experiences, transforming properties into vibrant retail destinations. The competition for consumers’ dollars, time and attention–especially in the Columbus market–is greater than ever. That means no element of…
Commerce + Communities Today By Steve McLinden An excess of retail space pre-COVID yielded to a dearth of it. Now, the industry has finally started a measured march to equilibrium. Forecasts show a small uptick in new retail construction planned for 2025 and considerably more for ensuing years. When paired with rising investor interest and…
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