06.15.2020

The last 3 months have obviously been difficult on the retail industry due to forced closures of all segments of the industry through the Covid-19 pandemic.  As the dusts starts to settle and retail tries to work its way out of the fog, it is clear that changes will be made on all fronts.  This entire experience will force retailers to really focus on their customer service more than ever as more people are becoming comfortable with online and delivery services for their consumer needs. 

 

05.29.2020

Price Edwards and Company has been awarded the management of roughly 60 strip center locations owned by 7-Eleven, Inc. Based in Dallas, TX, the retail operator purchased the 7-11 stores and adjoining strip center locations from the Brown family in February, 2020. The Brown family had self-managed the properties during its several decades of ownership; 7-Eleven, Inc. outsources the property management function for its assets across the United States. The strip centers contain 100+ tenants adjoining the 7-11’s.

 

04.21.2020

The essence of retail has always been figuring out what people want and delivering it to them the way they want it.   Through history, this has led to creativity and innovation by retailers.....and they've gotten darned good at it.   From the outside, you see stores closing -  the perceived negative side of this process, but then consumers get the benefit of new concepts, better service, multiple purchasing channels and all kinds of delivery methods.   This process is what makes retail the most exciting form of real estate.

 

04.09.2020

First quarter sales totaled $13.1 million and 244,723 square feet.    These transactions were primarily smallish neighborhood and strip centers with the exception of Mayfair Village.  Mercer Street Holdings ONE, LLC had originally purchased the loan on the property and acquired direct ownership in November 2018 by foreclosure.   After acquiring, they sold off two pad sites, CVS & Aldi, then packaged the remaining property to sell to a developer for repositioning.   Mayfair Village has a long and storied history in northwest Oklahoma City, sitting at the south end of the cit

03.25.2020

Needless to say, these are unprecedented times.   The national shutdown is probably the most disruptive event of my lifetime.   The uncertainty about the length is part of what makes is incredibly difficult to make plans, particularly for real estate.

 

03.18.2020

News is out that Costco has plans to open its second location in Moore, Oklahoma with construction set to begin in the fall of 2020. You would think the Moore residents would be thrilled about the idea of having a Costco, as I know I love having them here. When I lived in California some time ago I remember how impressed I was with its layout, wide array of healthy food choices, the experiences I had with customer service, and the aesthetics itself just made you feel like your membership was definitely worth the cost of a whopping $60 per year!

03.09.2020

When I was in kindergarten my mother dropped me off outside of the school with a warm “I love you…now go make friends” and as the tears weld up in my eyes as I looked at the vast sea of 5 year-olds crowded around the building, I began my journey as an introvert in an extroverted world. The fear of social situations has been a challenge that I’ve only recently started to appreciate. 

11.21.2019

Retail is changing – you are seeing smaller store footprints, the lure of discounters, the optimizing of the relationship between stores and digital, the rise of fitness and health as main-line retail, entertainment and, one of my favorite retail buzzwords, experiential retail. You can’t read an article about the future of retail without talking about this experiential revolution.

10.01.2019

Many people have wondered whether or not online shopping would affect the retail market.  Some might say this is accurate, while others will say it helps land specific retailers to open up more locations.  This past year Mizzen+Main opened its first Oklahoma store in Oklahoma City, located in Classen Curve.