|| 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.”
Friday, June 13, 2014
BY CLIFF HOCKLEY | OB GUEST BLOGGER
This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.
Thursday, July 10, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
Tuesday, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Thursday, July 24, 2014
BY LINDA BAKER | OB EDITOR
Remember the naysayers? Those who called the South Waterfront aerial tram a boondoggle? Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
|The Private 150: Bigger But Leaner|
|The Perfect Food|
|Taxis Uber Alles?|
|Powerlist: Staffing Firms|
|Pfizer results beat estimates|
|Study: Running reduces risk of death|
|Zillow to acquire Trulia for $3.5B|
|Dollar Tree to buy Family Dollar|
|Facebook revenue surges 61%|
|Walmart unexpectedly fires CEO|
|GM profit declines 80%|
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.
Lane Powell Shareholder Susan K. Eggum has been elected as vice chair of programs and projects for the International Association of Defense Counsel’s (IADC’s) Employment Law Committee.
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.