Otteau Group, Inc.的动态

The journey of this Five Guys flagship on the Strip spans 5+ years. We had a few starts and stops, getting to near lease execution on two sites, only to have Landlords pivot in late stage lease negotiations. Then Covid rears its ugly head...... The team at Five Guys stayed the course, and when Chris Brandon from Brookfield call about the former Sephora space at Grand Canal Shoppes coming to market, we immediately engaged. The deal took 14 months from LOI to lease execution, another story unto itself. Through hard work on all sides, we eventually got this lease signed. It was well worth the wait, 69' of Las Vegas Strip frontage, 10,000 SF single level space, on one of the most densely trafficked parts of the street, a rare conbination the Strip. The irony of the timing aspect of this transaction is we are at lease execution on a second flagship on the Strip, only 9 months after the first. Thanks to Chris Brandon Jeff Rubino Edward Pizzarello Brookfield Properties Sal Nappo Five Guys Enterprises #lasvegasstrip #retail #flagshipretail #lasvegas #cbre

A new generation of customers expect more from the places they shop and those experiences are not happening in the department store. When considering this for Legacy West alongside our partners at Open Realty Advisors, we knew we had to do something that's more fun and more interesting, resulting in a 20 stall Legacy Food Hall across from luxury tenants like Louis Vuitton, Tiffany & Co., and Gucci. Hear more about this shift in retail from Stenn Parton and Mark Masinter in the latest The Wall Street Journal article by Kate King. https://lnkd.in/gmnZ__Zg #retail #realestate #luxury #leasing

Very interesting read on the valuable real estate held by “dead” or “dying” anchor department stores. Everybody has a local mall they know needs a refresh - the redevelopment of shopping malls is going to be an exciting area for the foreseeable future. #cre #retaillaw #redevelopment https://lnkd.in/eS5JKFfs

Hard to get close on the exact valuation on Macy's properties as they are owned, leased, and under ground lease. The redevelopment of these properties in most cases will require lengthy entitlement process for reuse or redevelopment. For the leased properties not many tenants of that size to takeover so will require splitting up space and TI dollars. Many of these properties are well located in major cities or retail corridors. #redevelopment #landforsale #reuse

JLL has exclusively transacted 170 Queen Street in an off-market deal reaffirming investors’ interest in trophy flagship retail holdings. This prime section of the Queen Street Mall is one of the tightest-held retail locations in Australia and is quickly evolving into a luxury precinct, exemplified by the recent opening of the adjoining Louis Vuitton flagship store. CBD retail transaction volumes are subdued across all major global markets CBD markets, in Australia volumes are down 78% in 2023 compared to the 10-year average. However, this transaction along with a number of others in the pipeline demonstrates the re-emergence of capital demand for CBD assets as these cities re-awaken post the pandemic lock-down. Congratulations to all parties involved in the transaction. #AustralianRetailProperty #CommercialRealEstate #CRE #RetailInvestment #CapitalMarkets #ShoppingCentre #ShoppingCentreInvestment #PropertyInvestment #InvestmentProperty #RetailAssets #CommercialProperty #AustralianCRE #RealEstateFinance #RetailPortfolio #PropertyDevelopment #InvestmentOpportunity #RetailStrategy #AssetManagement #PropertyMarket #RealEstateInvestor #RetailTrends #AustralianEconomy #MarketAnalysis

You know you follow retail real estate closely when you read "incoming mail" as "incoming mall." #retail #realestate

These four recent #retail #CRE transactions show where the industry is heading: Luxury retail properties are in style, supermarket-anchored centers are highly favored, institutional investors are buying and selling more, and residential developers are looking for obsolete retail. Read my latest ?https://lnkd.in/dhDwCm2p #marketplaces #retailrealestate #ICSC

New York's Fifth Avenue is witnessing a remarkable resurgence as luxury behemoths like Prada Group and Kering secure prominent spaces, heralding a renaissance in retail real estate. These acquisitions reflect a broader trend of recovery and optimism in the high-end market, underscoring the enduring allure of physical retail in prime urban locations.

Southdale Center to welcome BURBERRY, GUCCI, MONCLER, MAX MARA, KATE SPADE, TORY BURCH, BREITLING, COACH, WATCHES OF SWITZERLAND/ROLEX, & MORE! ? Yes, I am shouting! And if you consider that Simon is investing $400 million to go ‘all in’ on Southdale’s transformation, you can certainly understand why. ? More is coming. A Lifetime Residential tower, more retail, more dining, and more entertainment. “Live. Work. Play. Shop.” Isn’t intended as a catchy slogan so much as a true modern ethos for how Simon envisions the future of the industry. And what this article does signify is that while the evolution had been a time coming, it is definitively here. It proves that retail in physical brick-and-mortar provides an exponential efficacy to create value, drive brand engagement and ultimately transactional attribution more so than incremental gains made on investments solely in the digital space. ? And MOST importantly, the opportunity to benefit from the changes underway, aren’t limited to only those Retailers and Tenants that will call Southdale Center home. Brands that move in the B2C space such as – Automotive, Healthcare, Insurance, Education, Entertainment, Telco, among others – can likewise build engagement with our shoppers through Out of Home media, experiential activation, and more. And the time to initiate those discussions is now! ? ? #SimonPropertyGroup #DiscoverSimon #SouthdaleCenter #SimonMediaExperiences #LifetimeFitness #LuxuryRetail #Edina #StayTuned4More ? ? Be part of one of the most positive and significant stories not just in Minneapolis, but the industry. Fairview Health Services Mayo Clinic Platform Feldmann Imports Mercedes-Benz Motorwerks BMW Minnesota Twins Minnesota Wild Comcast University of Minnesota UnitedHealthcare Polaris Inc. U.S. Bank WellsFargo.com General Mills Post Consumer Brands Thrivent 3M Ameriprise Financial Services, LLC Securian Financial Renewal by Andersen Xcel Energy Explore Minnesota https://lnkd.in/g78wUSaw

Retail - the best performing real estate investment class hidden in plain sight. Rarity creates growth and with only a handful of luxury shopping streets around the World and a growing number of luxury brands, it’s not surprising that Blackstone have re-entered the retail market at the luxury end - the only surprise is that they beat the luxury brands themselves to buy this property. It’s not just prime streets that will see rental growth, with fewer prime shops available in relation to demand and re-based rents due to structural change, IPF predicts some retail sectors, such as retail parks, to perform ahead (total returns) of most other traditional real estate sectors over the next 5 years. Give me a call if you want to know more. #retail #retailrealestate #luxury #retailparks #jll #ynwa