Commercial Real Estate – Santa Cruz
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Category Archives: News

Site for Santa Cruz Nissan Approved!

posted by: Matt Shelton in: News

On October 22, 2019, the County Board of Supervisors approved the application by Santa Cruz Nissan to develop a 23,000 SF. This dealership (including repair areas) will be located on the acreage across from Best Buy on 41st Avenue and

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The Future of Co-Working Space

posted by: Matt Shelton in: News

WeWork, the leader in co-working space, recently had its market valuation drop from $48 billion to $8 billion. Admittedly there are a lot of factors in this drop. Our contention is that in a strong tech environment, the value of

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DoorDash Opens Ghost Kitchen

posted by: Admin in: News

In Redwood City, DoorDash is opening a Ghost Kitchen where restaurants will prepare meals to be delivered or for pickup without being a place where people go to eat. The facility will give those restaurants access to new customers in

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What’s going on with Forever 21?

posted by: Admin in: News

Los Angeles-based Forever 21 is preparing to file for bankruptcy, potentially closing roughly 700 stores. Company advisers have been working on obtaining a bankruptcy loan package that would give the retailer about $75 million to continue operations during the case.

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75,000 more stores need to close across the US, UBS estimates, as online sales and Amazon grow

posted by: Admin in: News

Clothing retailers, consumer electronics companies and home furnishing businesses will need to close more stores across the U.S. as e-commerce sales proliferate, according to UBS. In a note to clients this week, the investment firm said “store rationalization needs to

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A Recession May Be Coming, but Not for Commercial Real Estate Investors

posted by: Admin in: News

Financial headlines have been full of worries about a possible recession and a downturn in commercial real estate markets. Recessions often precipitate a decline in real estate markets, but long periods of increasing construction and rising property prices may pose risks of their

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If You Don’t Want Your Property To Become Obsolete, Here Are The 10 Things You Need To Know

posted by: Admin in: News

“As long as real estate has existed, obsolescence has been a challenge: Buildings have always deteriorated, and the way people use them has changed. But today the issue is acute.” From working out how to make money from unloved retail,

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New Foot Locker concept is powered by local culture

posted by: Admin in: News

Foot Locker has long been a standby shoe store in shopping malls throughout the states. But the chain is ramping up efforts to send U.S. sneaker fans flocking to a standalone experiential store concept, a strategy that it’s already piloted

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4 Things Retailers And Landlords Want You To Know About Consumer Shifts

posted by: Admin in: News

Malls are reeling with record levels of vacancies, and now Sears’ Sunday night bankruptcy. Retailers are scrambling to reshape and redesign the way they market and sell everything from food to cosmetics, all because of the profound changes in the

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McNellis: Amazon’s Clicking into Bricks

posted by: Admin in: News

In May 2017, The Real Deal ran a cover story entitled, “Retail is F*cked.” While snarkier than its mainstream competitors, it encapsulated the prevailing sentiment of the day, that all that remained for traditional bricks & mortar retail was for

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