|| Print ||
|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.”
Thursday, May 29, 2014
BY JESSICA RIDGWAY
How the president of BlueVolt spends his free time.
Thursday, May 29, 2014
BY KIM MOORE
Transportation accounts for the second-largest source of greenhouse gases in the U.S. (28% in 2012), and the use of renewable fuels, such as biodiesel and ethanol, is booming in light of state and national programs to make transportation fuels cleaner.
Thursday, May 29, 2014
The CEO of Axiom EPM, Peri Pierone, and the co-founder of McMenamins, Mike McMenamin, share their recent reads.
Friday, June 06, 2014
BY KATIE AUSBURGER | OB GUEST CONTRIBUTOR
How to build a hipster-friendly work environment.
Wednesday, May 28, 2014
More than 350 people turned out today for Oregon Business magazine’s sixth annual celebration of the 100 Best Green Companies to Work For in Oregon.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Wednesday, July 09, 2014
BY LINDA BAKER | OB EDITOR
Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.
|The Private 150: Bigger But Leaner|
|The Perfect Food|
|Powerlist: Staffing Firms|
|Taxis Uber Alles?|
|Comcast profit rises 15%|
|American fast food chains snagged by food safety scandal in China|
|Washington volcanoes receive more scientific scrutiny|
|Edward Snowden: Racy photos often shared at NSA|
|Forbes Media to sell majority stake|
|FedEx indicted for delivering illegal prescription drugs|
|Microsoft to cut 18,000 jobs|
Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.
From its first-ever member forum, to upcoming Board elections, the Oregon-based, non-profit health organization is focused on letting members control their healthcare destiny.