Commercial Real Estate – Santa Cruz
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Category Archives: News

Discounters Snap Up Retail Leases

posted by: Admin in: News

As retail leasing begins to crawl out of the hole it fell into during the coronavirus pandemic, a clearer sense is emerging of where consumers are shopping. The busiest companies were those moving on with expansions that even the pandemic

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Will Co-Working Spaces Return?

posted by: Admin in: News

A few short months ago, “co-working” spaces were thought to be the future of office spaces. With the pandemic forcing more people to work from home and many tenants unlikely to renew short-term leases, co-working companies are struggling to stay

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Meridian Buys 1.15 Acres in Santa Cruz County, Plans $10MM Total Investment

posted by: Admin in: News

Meridian, a full-service real estate developer and owner of medical real estate, has announce that the firm has closed escrow on the purchase of two parcels of vacant land totaling 1.15 acres in Watsonville, California, with the intent to develop

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Macy’s to Close 125 Stores

posted by: Admin in: News

Macy’s is closing 125 stores nationwide as part of a three-year strategy to ditch under-performing locations. The department store seeks to target its growing digital business and expand in-store tactics that are working while testing new concepts.  Like many other

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Latest Front in Food Delivery: Kitchen in Empty Malls

posted by: Admin in: News, Uncategorized

Property developers are building kitchens in empty mall space and parking lots to fill food-delivery orders, a new approach in the fast-growing business of shuttling meals to customers. Developers say “ghost” kitchens can create new interest in retail and warehouse

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Pacifica Hotels acquires Seacliff Inn and Severino’s Bar & Grill

posted by: Admin in: News

Orange County hotel company Pacifica Hotels announced Dec. 5 that it has acquired Best Western Seacliff Inn and Severino’s Bar & Grill. Pacifica Hotels was not able to disclose the purchase amount. When the former Seacliff Inn owner stopped hotel

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New York may chase away business as it considers ‘commercial rent control’

posted by: Admin in: News, Uncategorized

The “Small Business Jobs Survival Act” is designed to protect small mom-and-pop shops in New York City from rising rent prices. The legislation would require 10-year leases, which could only be be altered with the tenant’s approval, to be offered

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Next Retail Trend Combines Barking and Beer

posted by: Admin in: News

Entrepreneurs are tapping into the ever-increasing desire of dog owners to take their furry friends with them everywhere by building private dogs parks that also have a restaurant and bar. These parks are beginning to catch on among landlords digging

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When Bigger Is Not Better

posted by: Admin in: News

Professor Thomas Philippon’s book the “Great Reversal” was reviewed in a recent Wall Street Journal column. The column stipulates that most Americans assume that America is the most competitive and innovative Country in the World. The idea that American’s leads

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Kmart is closing more stores..

posted by: Admin in: News

And Kmart 270 Mt Hermon Road in Scotts Valley is one of them. Kmart and Sears has announced that it will be closing 96 stores around the country. The liquidation sales will begin December 2nd with stores expected to permanently

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