vacant strip centers: Reviving Strip Centers - Rule 2 - 04/25/08 11:41 PM
The primary resource for the information needed to determine not only how to adapt an old center to a revitalized one but who your prospective tenants will be, is membership in the International Council of Shopping Centers.  It's almost always called the ICSC. 
Landlords, management companies, all sorts of applicable vendors and tenants themselves are members.
Conventions are held annually, often times in Las Vegas at its huge convention hall.  The Spring convention this year will be there and runs from May 20th thru May 23rd.
In addition to attending the conventions and the various conferences, the most important by-product is meeting and … (3 comments)

vacant strip centers: Reviving Strip Centers - Rule 1 - 04/24/08 10:54 PM
In a recent piece, I mused at the number of shopping centers, mostly built in the ‘60s and ‘70s that were so ill-conceived that within less than their half-life they had fallen on hard times.  Massive vacancies surrounding a handful of sub-class tenants.
Oddly, knowledgeable investors, investors who understand the dynamics of centers, have not snapped up the huge number of them that could not only be viable but bring an enormous return on investment.
There are several tried and true generic formulas that if properly put into place all but guarantee the success.  To begin with, the facades must be changed so … (3 comments)

vacant strip centers: Dead Shopping Centers & Strip Malls Can Be Revived. - 04/06/08 11:22 PM
Many investors and developers fell into developing various configurations of strip malls, beginning forty years ago.  Rather than retain experts in retail center design, leasing and management, they assumed there were no particular tricks to any of it. 
Prospective tenants didn't know much better, so leasing went smoothly and that further validated for all involved in the development and leasing that they were right - there was no need for experts.
Then the centers' retail sales began to fall, tenants moved out, sales failed further.
Well cities are full of these failed centers.  Some have a handful of marginal tenants; others have no … (11 comments)

 
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