Trending in retail real estate: Keeping your property leased at high rents with quality tenants

As seen in NYREJ

Regarding what’s happening in retail real estate today, to borrow from Bob Dylan, “The times, they are a changin.” Traditional retail is harder to come by, there are increased pressures coming from online shopping sites, municipalities are introducing new challenges, and there is an increased emphasis on energy savings and sustainability. All of these factors must be addressed and can be leveraged to enhance the value of a retail property owner’s asset. Continue reading Trending in retail real estate: Keeping your property leased at high rents with quality tenants

Thinking Out Loud: Sorry Vegas, New York’s ICSC Show is the One to Beat

As we begin the final flurry of preparation for ICSC’s New York National Conference next month, I’ve been thinking about the difference between this event and May’s ICSC RECon in Vegas. Both shows are pivotal for anyone in the retail real estate game, and both have their benefits, but for my money the New York event is more productive . *

(*This is a 100%, Grade-A subjective opinion – I wouldn’t be calling this new feature “Thinking Out Loud” if it wasn’t. Your mileage may vary.)

You’re probably mumbling to yourself, “Prove it, Pliskin.” I mean, I love Vegas… you can’t beat the après convention activities, between restaurants, parties, gambling, shows, etc., but  here are just a few of the reasons ICSC NY is the top business event  for me each year: Continue reading Thinking Out Loud: Sorry Vegas, New York’s ICSC Show is the One to Beat

Effective Property Management Helps Retailers Weather Market Challenges

by Jeffrey Pliskin, as seen in New York Real Estate Journal

The recent 16-day shutdown of the U.S. government and overall economic concerns did nothing to help consumer confidence. Retailers know this firsthand – even those in attractive markets like Long Island’s Nassau County Gold Coast, which boasts one of the nation’s highest disposable incomes. While Congress did avoid a financial default by approving last-minute legislation to end the shutdown, don’t expect consumer confidence to rebound that quickly. Retailers may be looking forward to the upcoming holiday season, but sales have been flat, if not down in certain categories. What retail tenants count on during challenging economic periods are proven strategies and processes that keep their overhead costs down and their stores and shopping centers in peak condition to attract every possible customer. That requires sound property management, not just to meet the needs of the retail tenant, but the property owner as well. Continue reading Effective Property Management Helps Retailers Weather Market Challenges

Barish of Pliskin leases 2,800 s/f to Cabo Fresh

Commack, NY Brad Barish, senior associate at Pliskin Realty & Development has completed a 10-year lease for Cabo FreshMex, a fast-growing California Mexican grill restaurant. Cabo Fresh Mex will occupy a 2,800 s/f space located at 5010 Jericho Tpke., at the southeast corner of Larkfield Rd. The space, formerly occupied by a Quiznos in the Trader Joe’s Shopping Center, is being renovated for the new restaurant. A January 2014 opening is projected. The Cabo Fresh concept was designed by restaurateur Jim Divilio who over the past 25 years has also created and owned restaurants such as Laguna Grill, Baja Fresh, and El Dorado. Barish was the exclusive broker, representing both the tenant and the property owner, Blumenfeld Development Group. Barish and Pliskin Realty, are the exclusive broker for Cabo’s expansion on Long Island and New York City. Continue reading Barish of Pliskin leases 2,800 s/f to Cabo Fresh