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Marin County retail: Shopping center tenants upgrade, backfill vacancies
March 14th, 2011There will be a continued upgrading of tenancies and back-filling of vacancies at shopping centers throughout the county. First-tier shopping centers are posting rental rate growth and will continue to do so throughout the year. Second-tier centers will remain flat or experience limited rental growth and third-tier centers will continue to face downward pressure on rents.
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Commercial Real Estate: Lease-option used in Fairfax deal; also, Basin Street signs Marina tenants
May 10th, 2010LRG Capital Group’s lease-option acquisition last week of the 66,100-square-foot Fair-Anselm Plaza shopping center and offices in Fairfax is an example of the type of creative deal-making called for when both tenants and financing can be scarce, according to Roger Smith, an agent with Cornish & Carey Commercial who has been marketing the Fairfax property for the Friedman family for years.
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Commercial Real Estate: Online retailer Athleta plans to test store in Strawberry Village
March 29th, 2010San Francisco-based apparel giant Gap plans to test whether followers of its Petaluma-based Athleta online brand want to be able to “get physical” with the athlete-oriented women’s activewear before they purchase.
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Marin County retail: Center renovations help maintain area’s resiliency
March 15th, 2010The Marin County retail shopping centers market ended 2009 in a healthy condition with a vacancy of 6.3 percent compared with the balance of the state. This market kept its resiliency in 2009 despite the economic troubles, reporting no change in vacancy year-over-year.
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