From left: Thomas McCarthy, John Kukral, and Edward Cook III with a rendering of the project A nearly 40-year-old office complex in West Los Angeles is on its way to becoming a modern campus with outdoor green spaces, retail and added office space. McCarthy Cook and Northwood Investors have secured the necessary entitlements to expand […]
Macerich exec says “the retail apocalypse is a good thing”
Macerich shopping malls and Macerich’s Jesse Franklin (Credit: Macerich and CREtech) As e-commerce continues to kill brick-and-mortar stores, some landlords appear to be embracing the new reality for retail. “The retail apocalypse is a good thing,” said Jesse Franklin, the vice president of investment and innovation at retail giant Macerich, during a panel Monday at […]
Brexit is no longer slowing down London office developers
London’s office market has proven to be surprisingly resilient (Credit: iStock) Developers are starting to bet big on London again despite Brexit. London’s office market has proven to be surprisingly resilient in the face of the United Kingdom’s vote to leave the European Union, convincing many developers that it is time to break ground on […]
What to expect at ICSC in Las Vegas in 2019
Almost 30,000 retail real estate professionals will descend on Las Vegas for ICSC. Here’s what they expect. Long gone are the days of the two-decade flagship lease. Now, brokers attending this year’s International Council of Shopping Centers conference in Las Vegas will be courting a new tenant: online companies seeking short, nimble leases. This year’s […]
The 2019 ICSC party guide
The party must go on: 2019’s ICSC party list is here. While retail brokers may be chasing a different game ICSC this year, the parties remain the main attraction of the four-day conference. Tens of thousands of real estate brokers are heading to Las Vegas for the event, which has 29,000 attendees signed up as […]
Sam Zell looking to go public with four Equity firms overseas
Sam Zell Sam Zell’s Equity International is considering taking four of its companies public in Brazil, Colombia, Mexico and India. The Chicago-based investment firm is “seriously evaluating” initial public offerings for Indian lodging company Samhi, Colombian lodging company Decameron, Mexican mall operator Acosta Verde and Brazilian parking lot firm Estapar, Equity CEO Tom Heneghan told […]