Western Real Estate Business

MAY 2018

Western Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in the Western United States.

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P U B L I S H E R S ' N O T E 4 • May 2018 • Western Real Estate Business www.REBusinessOnline.com Any investment carries some amount of risk, whether it's commercial real estate, stocks, bonds, mutual funds or cryptocur- rency. The retail environment is no differ- ent. This product type shouldn't be counted out simply because the nature of transac- tions and consumer patterns are changing. In fact, those pivoting with the times are making some of the most sound invest- ments of all. Integrating technology, creating a visu- ally appealing display, curating more of a showroom atmosphere and adding mean- ingful programming are some of the best ways to ensure your investment's success in the years to come. Naturally, tenant se- lection is a huge component of this. As our experts point out, triple-net quick-service restaurants, healthy grocers, new ecom- merce companies entering brick and mortar and concepts that emphasize the experience are the ones currently winning big. We should also approach this changing retail environment with some perspec- tive. When we step back, we realize retail is not the only market undergoing massive changes. The younger generations' focus on health and wellness, paired with an ag- ing Baby Boomer population has created quite the need for innovative medical of- fice buildings (MOB). These facilities are so in-demand that they're moving off hospital campuses and into our communities. This has led to a new relationship between retail and MOBs, at least in Orange County. A few forward-thinking investors and developers have discovered the value of situating their MOB offerings near some of the region's most popular retail centers, as they already have a built-in live-work-play population. The office market is also evolving. There is certainly still a need for traditional prod- uct, but office offerings are more varied than ever nowadays. Companies now have a need for everything from the classic pri- vate offices with cubicle space to a more moderate style that blends an open floor plan with a few private spaces to the cre- ative concepts embraced by tech and media companies that tout collaboration. Commercial real estate will always be an evolving endeavor as demographics and commerce solutions change. The solution is not to throw the baby out with the bath- water, but rather to adapt yourself to en- sure you're on the cutting edge of the new economy. One of the best ways to do this is through networking and panel discussions at ICSC's RECon. See us at Booth N1840 in the Marketplace Mall to talk strategy for the next generation of real estate spaces. Jerry France Chairman & CEO/ Publisher Scott France President/ Co-Publisher ROLLING THE DICE ON RETAIL? FRANCE MEDIA, INC. EDITORIAL Jerry France .............................Chairman & CEO/Publisher Scott France ................................. President/Co-Publisher Michael Jacobs ............................... Chief Financial Officer Jaime Lackey .............................Vice President, Marketing & Digital Strategy Randall Shearin ...............................Senior Vice President, Editorial & Operations Matt Valley ........... Editorial Director, Real Estate Regionals 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. ©2018 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 May 2018 • Volume 15, 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

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