For decades, large department stores served as the anchor store for malls and shopping centers. The anchor is the main attraction while all of the other retail shops inside of the mall pay the majority of the lease. Without the anchor, the mall dies. With so many big anchor stores closing in malls throughout America, […]
A lot has been made about the in-store shopping trends we are seeing in retail. What has largely been overlooked are the shipping trends shaping the retail landscape this year. Consumers continue to expect faster deliveries for free which is putting enormous stress on the last mile for retailers. Instead of charging more for delivery or limiting […]
Of all of the innovations sweeping through CRE this year, perhaps no sector is expecting to see a bigger wave of change than the hotel space. Like all other sectors of the CRE industry, technology is at the heart of these changes. In hospitality, innovation is geared toward creating futuristic Jetson-style customer service that anticipates guests’ […]
Fallout from the housing collapse a decade ago resulted in a surge in the renter population–outpacing homeownership for the first time in history. It also marked a return to cities where more walkability with access to public transit offered a much more affordable lifestyle for a population struggling to maintain in the midst of the […]
WinCo Foods, the grocery store chain moving into the old Kmart property on 24th Street West and Central Avenue, filed plans Monday with the city’s Building Division for permits to build its store. The paperwork includes plans for a traditional, large grocery store just more than 88,100 square feet and estimated to cost $6.8 million. […]
Augmented Reality and Artificial Intelligence (AR and AI) may still be far from standard in CRE, but it’s only a matter of time. High end firms have already been using these tech tools on a grand scale. Research by Goldman Sachs estimates that by 2025, virtual reality (VR) technology alone will generate over $2.5 billion in revenue. […]
