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|Articles - May 2012|
|Monday, April 23, 2012|
Page 1 of 3
By Christina Cooke
To cope with vacancies left by the recession, the urban mall has added non-retail establishments such as LA Fitness, the Johnson Center for Pelvic Health, Carrington College dental and nursing schools and the Buffalo Wild Wings sports bar to the retail mix.
“We’ve got the advantage of being in the Lloyd District, so there are a lot of uses that can cater to the people who live and work in the area,” says T.J. Drought, the director of leasing for Glimcher Realty Trust, the Ohio-based company that oversees the mall.
When regional vendors of specialty goods and national big-box stores like Borders, Linens ’n Things, Circuit City, Blockbuster and Hollywood Video succumbed to the ailing economy, Oregon mall and shopping center landlords had to adapt their leasing strategies to fill the vacancies.
Many responded by bringing in service providers, especially medical and dental clinics and fitness centers, and adding entertainment venues like bowling alleys and sports bars.
“I’ve worked with a lot of owners who have learned to look outside the box,” says Dan Bozich, senior vice president of Urban Works Real Estate. “As the economy got more difficult, they started to look at nontraditional tenants as more of a positive and less of a negative.”
Valley River Center in Eugene temporarily housed Grand Slam USA batting cages. Pioneer Place in downtown Portland leased empty third-level atrium spaces to temporary art exhibits and the Dollar Book Fair. Tanasbourne Town Center in Beaverton, Keizer Station outside Salem and Eugene’s Valley River, as well as multiple urban shopping centers, welcomed dental clinics to their properties. And in Vancouver, the Living Hope mega-church took over the former Kmart on Andresen Road.
“The good thing about those uses is typically they’re more short-term leases, and it creates flexibility for the landlord,” says Alesha Shemwell, a senior leasing manager for The Macerich Company, which works with Washington Square and Valley River. “It keeps the occupancy the mall needs to continue to attract customers.”
Monday, July 13, 2015
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You may have noticed the photos of our rural health innovators departed from the typical Oregon Business aesthetic.
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One of the hottest new investment trends has proven quite lucrative for some companies.
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Transforming the culture of Oregon’s educational leadership.
The Board dismissed a petition related to efforts to unionize the Northwestern University football team.
Every once in a while we receive a letter in the (fictional) mailbag that is tough to describe and quite compelling. This week, Isabel, the new HR manager at LabCo (and someone who is new to HR), wants to know whether she may fire the owner’s son for having an Oregon medical marijuana card. In passing, Isabel also makes a number of alarming admissions about her motivation. Here is Isabel’s nerve-racking question and our response to it.
Oregon Sick Leave is here, and changes to the federal white-collar worker regulations are on the way. This workshop will prepare you for both. We invite you to participate in an interactive discussion on how to start planning now for the future impact on your operations and finances.
Presented by OEN + CENTRL + YESpdx.
This Roundtable will cover numerous issues under the employer "shared responsibility" rules of the Affordable Care Act, including how to track the "full-time" status of variable-hour employees, temporary or seasonal employees, and employees who experience a change in status or a break in service. Additionally, we will provide a brief overview of Code sections 6055 and 6056, which require most mid-sized and large employers to submit their first information reports to the IRS in early 2016 regarding the health insurance coverage being offered to employees. We invite you to participate in an interactive discussion on how to prepare for the future impact of the shared responsibility rules on your operations and finances.