Q&A – Retail Lending Trends in a Changing Market
Overall, it’s a mixed-bag of opinions, but interesting, nonetheless. Gregory Wolkom, managing director of Wells Fargo Securities’ real estate loan syndications practice and real estate investment trust finance group, did a Q&A recently with Commercial Observer magazine. In the Q&A with CO staff writer Danielle Balbi noted that while he is seeing “lenders be more selective and increasingly focused on grocery-anchored retail” he is also seeing “Internet companies like Amazon…are finding convenience in having a brick-and-mortar store that’s close to customers.” Wolkom also noted now some the strategies of larger tenants are creating co-tenancy issues for some shopping centers. “It’s becoming a more recurring issue for lenders as the tenant mix starts to shift,” Wolkom added.
Retail Magazine and Analyst Group offer State of Retail Industry Report
A retail industry analyst has partnered with a retail trade publication and put together their “State of the Industry” report. The 136-page report — titled “Frontier(less) Retail” was produced by the Innovation Group of J. Walter Thompson Intelligence in collaboration with WWD. The report, which cites from case studies and perspectives from retailers, brands and tech companies, includes an extensive consumer survey, trends and insights on digital commerce and omnichannel retailing as well as the emerging trends in experiential retailing. Lucie Greene, worldwide director of The Innovation Group, “said the physical store and the digital realm ‘are set to merge in new ways with the introduction of artificial intelligence, virtual reality and the Internet of Things'” but technology is also reshaping how consumers connect to one another as well as how they experience shopping.” A summary of the report can be found here, and it includes links to the full report, available for purchase.
25 Years Later: Mall of America Still Fun Place to Be
Nearly 500 miles, and, depending which route you take to drive there, two or three states, separate Topeka, Kansas, from Minnesota’s Mall of America, located in Bloomington and owned by Triple-Five Group. That didn’t stop a writer from the Topeka Capital-Journal from publishing a great piece recently about the mall, which is in its 26th year. The article sings the praises of the experiences that it – and, really, most every other mall across the country – has to offer its visitors, who come from far and wide. “It seemed I was bumping into people right and left from the Topeka and Kansas City areas. I could pick some of them out by their Jayhawk or Royals clothing, but others I met through casual conversations,” wrote Phil Anderson of his own experience at the mall.
Metachat: Geocoding the DMM File
“Location, Location, Location” is the basic mantra of any professional involved in the commercial and retail real estate industries. As providers of comprehensive contact and retail trend information, DMM knows how critical it is to have a visual roadmap of the physical mall location and its surrounding area. We’ve developed a method of capturing geographic and demographic details in order to produce high quality datapoint location and trend demographic dataset products. For more, click here.