Integra Realty Resources’ March news: Retail chains battle to stay afloat, and the housing market makes headlines from Philly to Phoenix
Apr 9, 2014
The media sought out Integra Realty Resources’ experts this month to gain insights about a variety of commercial property sectors, including retail real estate and multi-family lodging. Here are some stories that featured IRR in March:
NJTVNews: I spoke with NJTVNews’ Brenda Flanagan to discuss how online competition and high rent rates are hurting retail chain stores, and even forcing some major brands to close up shop. I also chatted with NorthJersey.com’s Joan Verdon about this hot topic, and noted that while some new stores are moving to vacant chain store locations, vacancies are still out pacing new leases.
Daily Journal of Commerce: Brian Glanville, a Senior Managing Director in Integra Realty Resources’ Portland office, interviewed with Lee Fehrenbacher about the current state of Portland’s apartment sector. In the article, Brian discussed how the market is playing catchup to meet the demands of Portland’s fast-growing population.
Real Estate Bisnow Phoenix: Tres Winius spoke with Real Estate Bisnow’s Amanda Marsh regarding real estate trends in the Greater Phoenix market. Tres explained that while residential development is still on the rise, developers shouldn’t fear overbuilding, as housing starts lagged in 2013.
Shopping Centers Today: Steve McLinden spoke with Eugene Szkilnyk, a Senior Analyst in IRR’s Detroit office, about the value of visibility when appraising shopping centers. In the feature article, Eugene discussed how visibility impacts earning potential for retail real estate, and addressed how the sector has transformed in recent decades.
CenterCityPhila.org: The Central Philadelphia Development Corporation and the Center City District cited data and analyses from IRR’s Viewpoint 2014 in a publication about Philadelphia’s 2013 housing resurgence.