Western Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in the Western United States.
Issue link: https://westernrealestatebusiness.epubxp.com/i/818922
P U B L I S H E R S ' N O T E 4 • May 2017 • Western Real Estate Business www.REBusinessOnline.com It's that time of year again where we all descend upon the desert to talk about what has been one of the biggest stories in com- mercial real estate as of late: the changing nature of the retail environment and what it means for us. There's no denying that shop- ping centers and the stores that occupy them are facing a pivotal time as technology, Mil- lennials and ecommerce influence future real estate and merchandising decisions. Thankfully, as our industry experts point out, the West is seen as a source of strength within this market. This is due to a few factors, including more home renova- tions, which lead to in-store purchases, and higher home sales and prices, which drive a "wealth effect," which leads to more spend- ing in general. Southern California is per- forming particularly well, especially within the single tenant net lease sector where outlets like 7-Eleven have grabbed investor interest. Open-air centers are another product al- lowing developers to combat ecommerce. These centers showcase beautiful designs that complement the West's lovely weather, and they're filled with in-demand services and experiences like specialty coffee shops, fast-casual eateries and fitness tenants. While our May issue always contains a keen amount of retail talk, there is other news to report as well. Large pockets of Nevada are experiencing an uptick in de- mand as the population rises and investors realize the benefits of owning stabilized medical office buildings and healthcare real estate. Commercial real estate firms are also re-evaluating their own spatial needs, as many express interest in relocating to newer office towers, mixed-use projects and creative office campuses. This activity is particularly prevalent in the La Jolla and University Towne Center regions of San Di- ego, where CBRE, JLL and NGKF have all recently made moves. Speaking of moving, you're going to be doing a lot of that in Las Vegas in a few weeks. Rest up, read up and we'll see you in the desert at Booth N1834 in the Market- place Mall, where we always look forward to catching up on everything from little league games and graduations to the ten- ants you're courting in 2017. Jerry France Chairman & CEO/ Publisher Scott France President/ Co-Publisher STRENGTH CONTINUES OUT WEST FRANCE MEDIA, INC. EDITORIAL Jerry France .............................Chairman & CEO/Publisher Scott France ................................. President/Co-Publisher Michael Jacobs ............................... Chief Financial Officer Randall Shearin ...............................Senior Vice President, Editorial & Operations Matt Valley ........... Editorial Director, Real Estate Regionals Jaime Lackey ............................................Executive Editor Nellie Day ................................................................Editor John Nelson .............................................. Assistant Editor Julie Hunt ...............................................Graphic Designer ADVERTISING Scott France ..................................................Co-Publisher Robin Reimold .............................................Media Advisor Craig McIntosh.............................................Media Advisor Ryan Nixon ..................................................Media Advisor Barbara Sherer ............................................Media Advisor CIRCULATION AND ADMINISTRATION Teresa Hennington .....................................Office Manager Jim Clark ............................................Circulation Assistant Vally Smith .....................................................Receptionist Western Real Estate Business (ISSN 1547–965X) is published monthly by France Publications, Inc., d/b/a France Media, Inc. Editorial and advertising offices are located at Two Securities Centre, 3500 Piedmont Rd., Suite 415, Atlanta, GA 30305. Telephone (404) 832-8262, facsimile (404) 832-8260. E-mail: western@francemediainc.com. POSTMASTER: Send address changes to: Western Real Estate Business, P.O. Box 47065, Plymouth, MN 55447-0065. Western Real Estate Business is a registered trademark of France Publications, Inc. Periodicals postage paid at Atlanta GA, and additional mailing offices. Subscription rates: USA 1 year $67; 2 years: $116. Single copies are $10.00. For subscriber services, including change of address or subscriptions, please email WREB@kmpsgroup.com or call (800) 869-6882. ©2017 France Publications, Inc. For reprints or to photocopy articles, please contact Barbara Sherer, manager of special advertising at (404) 832-8262. The opinions and statements made by authors, contributors and advertisers to Western Real Estate Business are not necessarily those of the editors and publishers. INTERFACE CONFERENCE GROUP Richard Kelley .................................. Senior Vice President Alicia Lewis ....................................... Conference Manager Jordan Hopkins .............................Conference Coordinator May 2017 • Volume 14, Issue 9 One hour ago his largest shopping center got raked over the coals by an unfair tax assessment. He called APTC. Now the coals are perfect. For over 20 years, APTC member law firms have handled client real estate portfolios from assessment review through the highest courts. Our members provide national representation with local experience all across the U.S. and Canada. Contact us at 1-844-227-0407 or www.APTCNET.com. Smart, Aggressive Property Tax Advocacy Professional Models