@Retail Traffic | Lifestyle Centers Evolve and Adapt to Stay Afloat

Lifestyle centers, as a concept, rose and fell spectacularly right along with the industry’s boom and bust.

That’s left backers of such properties going back to the drawing board and reimagining what lifestyle centers can be. These new approaches at times seem to redefine the concept itself. Whether or not to include anchors, whether to incorporate of non-retail uses and rethinking tenanting strategies are just some of the questions developers are wrestling with.

Read more: http://retailtrafficmag.com/management/propmgmt/lifestyle_centers_evolve_03312011/
Posted by: Crosbie Real Estate Group

GlobeSt.com | Breaking With Tradition: Retail Adjusts to Reality

LOS ANGELES-One of the ways that property owners have adjusted to the downturn is to find new types of tenants for empty spaces. This is especially true in the retail sector, where department store and big box closings have left landlords with lots of space to fill and relatively few big national tenants looking for such space. GlobeSt.com West Coast editor Natalie Dolce talked with Ellen Berkowitz, a real estate partner at law firm Manatt, Phelps & Phillips in Los Angeles, about solutions and approaches to the empty space.

Read more: http://www.globest.com/news/1881_1881/losangeles/308489-1.html
Posted by:  Crosbie Real Estate Group

Retail Traffic | Big-Box Giants Downsize to Drive Productivity with Smaller, Urban Stores

As U.S. chain retailers absorb the lessons of the Great Recession, many big-box chains have started to shrink average store footprints to reflect the growing importance of multi-channel shopping, adapt to urban settings and recognize the need to optimize portfolios.

Read more: http://retailtrafficmag.com/retailing/analysis/big_box_giants_downsize_03302011/
Posted by: Crosbie Real Estate Group