Commercial Real Estate: Recent Episodes
Justin Sterling
The latest in Commercial Real Estate insight and experience thru the lens of the retailers, developers, and brokers. Brief discussions about how to make the most of opportunity zones, to occupancy cost and from site selection to lease negotiations.
Comparing war stories from our days leasing space in #malls to using #digital technology in the service of clients, Jack Brennan and Justin Sterling wax poetic about why it's a great time to be in this business of #commercial real estate, and why you may want to be drafted into the CRE Digital Army
The Blog is a work in progress but still worth a look: https://www.justinsterlingcre.com/
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Thanks for listening, & Stay Tuned!
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It's a crazy time. Some days watching the news it feels like Y2K all over again. So how are you doing your site selection in 2020? In this episode Justin Sterling narrates an article he penned for the Knoxville Business Journal. He lays out practical considerations about how to move forward in your search for new space in a time of uncertainty.
Article:https://www.knoxnews.com/story/money/2020/09/16/how-retail-landscape-changing-midst-pandemic/5632193002/
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Stay tuned next week for the interview with Jack Brennan of TSCG as we discuss the #CREDIGITALARMY
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Store sales data and Chart technology is impacting #commercialrealestate decisions. Jon Kowalski, Venture Principal at numo, LLC discusses the benefits of Chart, how #Retail uses it to find optimum co-tenancy, and how brokers leverage it for #dealmaking.
Visit Chart: https://chart.numo.com/
Host: https://www.linkedin.com/in/justinsterling/
CRE #Leasing #America #Covid-19
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Looking forward, also means looking up. CEO Wendy Whittemore lifts more than drones to the sky, she elevates the value of commercial real estate with the talent and technology that gives a birds eye view of the struggle and the opportunity we face.
https://aerialsoutheast.com/
https://www.linkedin.com/in/wendy-whittemore-3087ab7/
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The Recovery Fund is 100% essential to our Industry and America. ICSC, Director of Grass Roots, Michael Garrison lays out the practical steps you can take right now to impact the nations recovery effort.
https://www.icsc.com/coronavirus
https://www.linkedin.com/in/michael-garrison-03751266/
GPP@ICSC.com
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A new chapter in the Covid Saga begins, and I wax poetic on the patriotism of recovery.
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Local retailers share their experiences amid the 2020 shut down. One can help your immune system, the other could help your state of mind.
https://javajuicebox.com/
https://knoxroomservice.com/
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$2.2T bill has positive and negative consequences. Not all #retail #CRE will get pounded. Be careful of ScamArtist. Join @RetailStratgies on Tuesday, March 31st for discussion about what this stimulus package means for #municipalities and #commercialrealestate.
Register Here: https://bit.ly/2UHuHfR
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Shawn & I do a deep dive into maintaining and improving working relationships between Landlords and Tenants during negotiations about rent. He's a historian of sorts, as well as a great example of how to be a successful broker and community partner. https://www.theshoppingcentergroup.com/team/shawn-massey/
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Leave me your Voice Comment: https://anchor.fm/justinsterling/message 500K New Retail Jobs! https://tinyurl.com/ssfjaqx Five Things Landlords Need to Prepare for COVID-19’s Impact on Retail/Commercial Tenants https://www.bassberry.com/news/covid-19-impact-on-retail-commercial-tenants/ Some Hobby Lobby Stores to Remain Open: https://www.cbsnews.com/news/hobby-lobby-coronavirus-pandemic-retailers-close/ ICSC PDF : Latest Draft of CARES Package (#3 assistance package) Most Relevant to ICSC https://www.icsc.com/uploads/c68-contacts/Summary_Sunday_CARES_3.22.pdf ICSC RETAILER UPDATES: https://www.icsc.com/coronavirus/retailer-updates ICSC MAR 25 WEBINAR: https://tinyurl.com/rohvbhv (For ICSC MEMBERS)
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@Retail Strategies, JKS Retail Development, TERN CLUB, and local Pastor document their experience this week in #CRE and the latest on how #coronaVirus is impacting their world.
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ABOUT ME: https://www.linkedin.com/in/justinsterling/ NAI Koella | R.M Moore: www.koellamoore.com
TERN CLUB: https://www.instagram.com/ternclub/?hl=en
JKS RETAIL DEVELOPMENT: https://www.linkedin.com/in/john-k-shirley-14984116/
RETAIL STRATEGIES : https://www.retailstrategies.com/navigating-covid-19-for-small-businesses/ or download their PDF
JEFFERSON CITY CHRISTIAN CHURCH: http://jeffcitychurch.com/online-giving
PER ICSC please reach out to your legislators and say: "We need the following changes to the Phase 3 COVID Legislation." Small Business Paycheck Protection Loan Program • Change the loan limits to 2.5 times operating expenses, not based on payroll. This change would conform the size of the loan to actual small businesses economic realities. • Expand the eligibility to include NAICS code / definition. (531120 Mall property operation (i.e., not operating contained businesses) rental or leasing. For additional information please contact Betsy Laird (blaird@icsc.com) or Michael Garrison (mgarrison@icsc.com) “1 in 4 jobs in the United States are retail-related. If you want to save the U.S. economy, it’s hard to do that without leaning into the retail segment.” #ICSC President and CEO, Tom McGee on "Squawk on the Street" CNBC https://cnb.cx/2Uc42Zj #retail #realestate
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In this episode I wax poetic about macro economics, the role of government, and throw down the low down on Opportunity Zone investing with Alex Flaschbart, CEO of Opportunity Alabama. #whoisjohngalt
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On the journey to capture new customers, and captured by the stellar execution of this local apparel company, I was eager to represent www.Felding.Co in their quest for a new lease. Along the way I also made a new friend, and our interview documents the journey from start-up, to creating a unique customer experience. What drives someone to start a retail store when retail is changing so fast? What drives the need for space? Listen in, and gain perspective about how this Tenant is going the extra mile to make their customers feel welcome.
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A short re-cap of the previous years highs and lows in retail real estate. I cover a few of the bankruptcies, & store closings to market forces, legislation, as well as new stores and emerging technology. This is the 2019 tool kit to help us get the job done.
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What do you get when you mix high tech with low experience?
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Thought leader, industry champion, and President of Retail Strategies; Lacy Beasley shares insights on how are trade areas determined, how communities attract and benefit from new retail, & personal leadership as a woman in a male dominated field.
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Two referals with different outcomes. Today I highlight the need to respect the opportunity that comes your way and to respect your time in the qualifying process.
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In this business we see people make a lot of money. It's tempting to look at all of that upside and want a piece of the action.
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Things go wrong in this episode. Terribly wrong. What do your customers and clients expect from you when your facing a deal that is falling apart? What experiences outside of Commercial Real Estate have you had that help guide and influence how you work today?
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Want to make more deals? Attitude and confidence is no substitute for preparation!
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