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/873170
P U B L I S H E R S ' N O T E 4 • September 2017 • Western Real Estate Business www.REBusinessOnline.com Fall always gets us thinking about the future. It's the last quarter of the year — the time when we evaluate whether we're on track to hit our 2017 goals or not, and when we begin to reflect about what the new year may bring. Many of your peers and colleagues are doing the same, as we discovered in this issue. Developers, investors, landlords, designers, lenders and everyone in be- tween seem to be focused on what the next stage of commercial real estate may bring. These are not theoretical pontifi- cations, however. They're far from it. Instead, these real-life professionals are making real-world predictions as to where our industry is heading out West and what that may mean for current and prospective participants. Some of these thoughts center around the next viable investment markets, such as the office markets in Califor- nia, Seattle and Phoenix or hospitality properties in the immediate vicinity of Los Angeles International Airport. Oth- ers focus on where activity may lead in the future, including higher ceiling requirements at retail centers to accom- modate the newest and hottest shop- ping center tenants like movie theaters, gyms and climbing walls. Another group offers a few caution- ary words of wisdom as we try to an- ticipate what may be around the cor- ner. This includes new seismic retrofit mandates in California for multifamily landlords and the need to repurpose and densify assets due to the rise of public transportation options and ride share programs. These new trends are also inspiring new lending op- tions, with our experts noting they've observed a rise in alternative lenders like technology-enabled direct lend- ers, non-bank lenders and marketplace lenders. Another great way to get a glimpse of what this market has in store for us is to attend ICSC's Western Confer- ence & Deal Making session Oct. 2 to Oct. 4 in Los Angeles. We'll be there as well, so be sure to stop by Booth 511 and give us your predictions for the year to come! Jerry France Chairman & CEO/ Publisher Scott France President/ Co-Publisher THE FUTURE IS UPON US 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 ADMINISTRATION Teresa Hennington .....................................Office Manager Jim Clark ................................................ Advertising Traffic Vally Smith .........................................Circulation Assistant 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 Michael Jax ....................................... Conference Producer September 2017 • Volume 15, Issue 1 One of the largest & fastest growing commercial retail estate networks in North America! FIND YOUR LOCAL RBN MEMBER at www.retailbrokersnetwork.com KNOW WESTERN REGION: • Commercial Realty Advisors NW (Oregon) • Commercial Retail Associates (Central CA) • Coreland Companies (Orange County, CA) • DeRito Partners (Arizona) • Epsteen & Associates (San Diego/Imperial Counties) • Leibsohn & Company (Washington State) • Maestas & Ward Commercial Real Estate (New Mexico) • May Realty Advisors (Los Angeles/Ventura Counties) • Progressive Real Estate Partners (Inland SoCal) • ROI Commercial Real Estate (Nevada) • Thornton Oliver Keller Commercial Real Estate (Idaho) • The Zall Company (Colorado) • Weitzman (Texas) NORTHEAST REGION: • Aries, Deitch & Endelson (NY Suburbs/ S Connecticut) • Coldwell Banker Commercial Alliance (New York City) • Equity Retail Brokers (E. Pennsylvania/ S New Jersey) • Ferrara Jerum International (Upstate New York) • Jabe Companies (W. Pennsylvania/ West Virginia) • LMS Commercial Real Estate (Central Pennsylvania) • Mackenzie Retail (Maryland /S. Pennsylvania/N Virginia) • Paramount Partners (New England) • Renaud Consulting (Virginia) • Sax Realty (Maryland/ N Virginia/Washington DC) • Sholom & Zuckerbrot Realty (Long Island/NYC Boroughs) • The Dunham Goup (Maine) • The Goldstein Group (North & Central New Jersey) MIDWEST REGION: • Arnold J. Eisenberg, Inc. (Ohio) • Block & Company (W. Missouri & Kansas) • Commercial Property Associates (Wisconsin) • Dakota Commercial (North/South Dakota) • Edgemark CRE Services (Suburban Illinois) • First Commercial Realty (Michigan) • Gershman CRE (St. Louis, Missouri) • Paine & Associates (Oklahoma) • Shindico (Manitoba, Saskatchewan, W. Ontario) • Suntide Commercial Realty (Minnesota) • The Lord Companies (Chicago, Illinois) • Upland Realty Group (Minnesota) SOUTHEAST REGION: • Bell Moore Group (North Carolina & South Carolina) • Centennial Retail Services (Tennessee) • Coro Realty Advisors (Atlanta/Suburban Georgia) • Currier Properties (North Carolina & South Carolina) • D.E.G. Realty Advisors (Arkansas) • Insite Real Estate (West Central Florida) • Investment Management Assoc. (South Florida) • Loeb Realty Group (Tennessee) • Liberty Universal Management (Central Florida) • May Commercial Group (Kentucky) • Pine Street/RPS (Jacksonville, Florida) • Retail Properties (N Carolina, S Carolina & Georgia) • Southpace Properties (Alabama) • Stirling Properties (Louisiana, S Alabama, NW Florida) • Taylor Long Properties (Virginia) • The Katsias Company (Virgina/NE North Carolina) • The Shumacher Group (Atlanta/N. Georgia) • Trademark Properties (Raleigh, North Carolina) TENANT REPRESENTATION LANDLORD REPRESENTATION INVESTMENT SALES LIKE TRUST