Category Archives: Commercial Property

Retail medicine gobbles up empty space in shopping center storefronts

By Bloomberg News

Thursday, Jan. 1, 2015, 10:57 p.m.

With video stores and retailers closing their doors, retail real estate has had a tough half-decade. The cure? Urgent care clinics.

The clinics, storefronts staffed with doctors to treat common ailments or minor injuries, are filling vacancies left by struggling retailers like RadioShack Corp. and Best Buy Co. as they close locations.

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Big-box retail space: Doctor is in; retail is out

Minneapolis Star Tribune
The recession left a glut of empty big-box retail space, and medical clinics are moving in. hide The interior is filled with nature photographs and outdoor scenes taken at nearby Como Park, Cathedral Hill and other St. Paul neighborhoods. The walls read more    

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Colliers Sees Improvement in Las Vegas

KLAS-TV
With taxable sales, gaming revenue and hiring on the Las Vegas Strip all heading upward, the report found that the prognosis for suburban retail is more positive now than it was last year. Quality retail is doing well and inspiring bidding wars read more

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With gov’t support, small businesses buy offices

Photo courtesy Xenïa Antunes http://www.xenia.com.br/xeniaantunes/home.html

The Seattle Times
Las Vegas dentist Chris Cozine wanted to cut costs after the Great Recession. He found an unlikely way: He ditched the office he was renting and bought 6600 square feet of his own. Besides improving his surroundings – he left the gray walls of the old read more  

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Montgomery Planning Board explores prod for Glenmont redevelopment

Gazette.Net: Maryland Community News Online
The property is about 75 percent leased. The Montgomery County Planning Board Commercial space around the Glenmont Metro station could soar from the read more   

 

 

 

 

 

 

 

Another interesting concept for those properties that sit for years and years. Use It Or Lose It.  Lets make them lease able / sale able.

Call The Contractor 702-433-6655.

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Former Borders gets revival, new tenants

phillyBurbs.com
by Chris Bishop When the Borders bookstore closed its doors last July at the Cambridge Crossing Shopping Center in Mount Laurel, it seemed to be part of a troubling trend — more and more empty retail spaces in the region. Fast forward to this spring read more   

 

 

 

 

 

 

 

Let’s remodel your space . Call The Contractor 702-433-6655

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Retail, office complex Warehouse Row fills space in latest incarnation

Chattanooga Times Free Press
By 2006, fewer than half of its 23 tenants were retail establishments. The north building’s 175000 square feet of office space lay completely empty, and most of the retail tenants had fled by the time that Atlanta-based Jamestown bought the building…read more  

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How Popularise brought crowdsourcing to DC’s commercial real estate market

Washington Post
In December the brothers created Popularise, a Web site that allows the public to vote on tenants for empty retail spaces — some of which their WestMill Capital investment firm own and some of which belong to other developers….read more  

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US Retailers Rethink Stores to Lure Customers

CNBC.com
US cities are littered with empty retail space, wreckage from aggressive expansion last decade that contributed to the demise of chains like Borders book stores and Mervyns department stores, and led to lower sales-per-square-foot for many that made it read more  

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Plan calls for residential, retail and office space in three historic …

The Ann Arbor News – MLive.com
Three vacant buildings bordering Capitol Park in downtown Detroit will be redeveloped as residential, retail and office space in coming years, according to Karp and Associates, which won a competitive bidding process to adaptively re-use the read more  

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