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— Retail Properties Quarterly — February 2015
CONTENTS
Letter from the Editor
All signs point to positive vibes for Denver retail Jon Weisiger Secondary markets provide space demand relief Michael DePalma Retail lagging but offers opportunity for investors Jay Carlson Experience and attention are the new economy Luke McFetridge California dreamin’ for Colorado cap rates Greg Ham Ample capital sources available for retail properties Michael Salzman Revaluation of taxes in a strengthening economy Nickolas J. McGrath & Neil B. Oberfeld The seller’s market continues for Colorado retail Garrette Matlock & Ryan Bowlby Retail is more than shopping, it’s a destination Ryan Gager Retail product takes different forms in Denver John Livaditis Merging art and development: The story of RiNo Ryan Gager Exploring the possibilities along 38th Avenue Gannon Roth Neighborhood centers and the grocery war Howard Gerelick Denver’s restaurants have an appetite for variety Kelly Greene Lessons learned from opening new restaurants Aaron Mauck & Leila Schwyhart Shopping centers and big-box retail are adjusting Chris Strom 4 6 7 8 9 10 12 13 14 15 16 17 18 19 20 22W
hether you are looking for
the latest in fashion or
trying out a new restau-
rant, retail is incorporated
into our daily lives. Bricks
and mortar have been battling with
online shopping for years and there
are some interesting concepts that
have come from it. Old neighbor-
hoods are being redeveloped, while
remaining true to
their roots.
Colorado Real
Estate Journal is
excited about the
launch of Retail
Properties Quarter-
ly, our fourth and
final installment
in the new quar-
terly publication
series, which also features Office
Properties, Multifamily Properties
and Property Management. CREJ
has long been known for providing
the information our readers need to
make the right decisions for their
commercial real estate clients and
growing their businesses.
Retail Properties Quarterly pro-
vides an in-depth look at retail,
shopping centers and restaurants
with features on shopping trends,
neighborhood profiles, and devel-
opments and experiences that are
driving the market.
Retail has evolved to the point
that it is no longer just about driv-
ing to the store, picking up a few
items and leaving. Retailers are
making shopping about an experi-
ence, and some a destination where
people want to spend time. It is a
new culture with, of course, the
millennials leading the way.
In the Retail Insider section, get
the details on how a limited supply
of new product has increased retail
rental rates. And the Developer
Spotlight focuses on how existing
properties can upgrade their cen-
ters, making them more attractive
to shoppers and tenants.
Thank you to everyone who con-
tributed articles, or met for inter-
views and helped me understand
the retail realm of real estate.
Without the help of these industry
experts, this special section would
not be possible.
As you read this publication,
please don’t hesitate to contact
me with thoughts or ideas for arti-
cles that you would like to see in
upcoming issues of Retail Properties
Quarterly.
Thanks for reading,
Ryan Gager
rgager@crej.com Colorado’s retail scene features creative concepts