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/888015
* P U B L I S H E R S ' N O T E 4 • October 2017 • Western Real Estate Business www.REBusinessOnline.com While trends will always emerge throughout the West and its commercial real estate landscape, there is often a lot to be learned by examining markets that, on face value, seem to be very different from each other. Think about it. The proactive maintenance strategies that are beneficial in January to a dermatologist-occupied office building in Bend. Ore., may vastly differ from those implemented Phoenix's tech corridor in July. Despite these oppos- ing challenges, a single approach emerges: property managers should always be pro- active, particularly when seasonality is concerned, rather than reactive. The same is true for investors. Industrial landlords in Seattle may be riding high, thanks to the area's high rents, low vacan- cies and lack of space, as one of our con- tributors points out, but options may be limited. On the other hand, tenants who achieve the median household income in Denver should feel confident they'll have a variety of relatively affordable options to choose from in terms of apartments. Here again we see the polarization: an investment in Seattle industrial would be made in a landlord's market, while an in- vestment in Denver multifamily would be made in a tenant's market. But by exam- ining the supply and demand trends, not to mention local wage data, investors can determine whether any given market or product type is likely to meet their needs. Speaking of meeting needs, Amazon has a lot of them lately. Aside from its recent decision to lower prices on select items at its newly purchased Whole Foods Market, the online retailer is looking for a second home. Cities that span the nation intend to submit. You've got the typical tech crowd contained in San Francisco, Los Angeles, San Jose and San Diego, while desert lo- cations with lots of room to grow like Las Vegas and Tucson are also interested in the opportunity. Where the ecommerce behe- moth lands will be anybody's guess, but you know it won't hurt for a diverse range of options. A few Western-based cities shared with us what they have to offer to not just Ama- zon, but any residents and businesses look- ing to move. Cities across the Sun Belt put their offerings on display to show just how successful public-private partnerships can be. They say variety is the spice of life, and it is definitely the secret ingredient in this issue. Take a little time to sample all it has to offer. Jerry France Chairman & CEO/ Publisher Scott France President/ Co-Publisher OPPOSITES ATTRACT 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 October 2017 • Volume 15, Issue 2 Retail transformed. PREP Property Group is actively acquiring lifestyle centers, power centers and enclosed malls that are capital-starved, poorly merchandised and/or distressed. PREP is also expanding its Net Lease Investments division, which acquires well-located, triple-net lease retail properties. For more information, please visit us at www.pecorep.com. (844) 877-4153 www.pecorep.com PREP Property Group * has secured up to a $300mm commitment from Almanac Realty Investors to acquire and transform Retail Real Estate ** growth value partnership * PREP Property Group is a successor of PECO Real Estate Partners. ** Almanac Realty Investors, LLC has made a commitment on behalf of one of its managed funds.