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The Registry

2023 Outlook: Colliers’ El Warner Discusses Upcoming Retail Trends

From challenges caused by the pandemic to a growth in ecommerce, the retail market has seen a variety of changes over the past several years. Moving into 2023, retail markets are likely to see a number of new trends, and to learn more about what these could look like, The Registry spoke with El Warner, vice chair at Colliers’ Irvine office.

Allen Matkins

Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey

California’s Retail Market Continues to Show Signs of a Strong Rebound

Despite concerns before and during the pandemic, the retail space market in California continues to rebound and shows remarkable signs of resiliency. El Warner, Vice Chair of Retail Capital Markets at Colliers, and Amanda Donson, partner at Allen Matkins, share their thoughts in the Winter 2023 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey, specifically regarding the current and future state of the retail space market.

POWER RETAIL CENTER

Colliers Arranges $42M Sale of San Diego Power Retail Center

Colliers National Retail Capital Markets Team has brokered the combination sale of The Shops at Palm Promenade, the largest power retail center in San Diego. Two buyers acquired the newly constructed, 72,000-square-foot property with a combined value of $42 million.

The Colliers team of El Warner, Caitlin Zirpolo, Charley Simpson, Jordan Gomez, and Alyssa Mera represented the sellers.

Shops at Palm Promenade

Citivest, Hutensky Capital Partners Sell 72K SQFT San Diego Retail Center for $41.5M

Colliers today announced the sale of The Shops at Palm Promenade, a ±72,390 square-foot new construction retail center, with a combined deal value of $41,559,300.

Centrally located within San Diego’s affluent and densely populated community, the retail asset provides investors with highly sought-after long-term leases with an average of 10.25 years remaining. The center is 100 percent leased.

Twin Creeks

Colliers Brokers $32M Sale of Twin Creeks Shopping Center in Kansas City

Colliers has brokered the sale of Twin Creeks Shopping Center in Kansas City for $32 million. The 257,450-square-foot property is located along North Madison Avenue. The center is 99 percent leased to 14 tenants, including Kohl’s, Ross Dress for Less, Ulta, Petco, Five Below, Famous Footwear, Bath & Body Works, Spectrum and AT&T.

El Warner, Charley Simpson, Caitlin Zirpolo, and Drew Quinn of Colliers represented the seller.

Iowa City Marketplace

Colliers sells 237,594-square-foot retail center in Iowa City

Colliers recently negotiated the sale of Iowa City Marketplace, a 237,594-square-foot retail center in Iowa City, Iowa.

Located along State Route 6 (Hiawatha Pioneer Trail) between Sycamore Street and Lower Muscatine Road, the property is less than three miles from the University of Iowa and sits within a qualified national opportunity zone.

Globe St Interview

How Retail Capital Markets Stack Up Against Other Asset Types

The pandemic “proved retail’s resiliency,” according to Colliers’ El Warner, Retail Lead on the Colliers Capital Markets Board of Advisors, with retail sales shattering records last year and well into 2022. This renewed faith in the sector was on the minds of both Warner and Anjee Solanki, National Director, Retail Services & Practice Groups at Colliers, as they discussed the sector from the show floor at ICSC 2022 Las Vegas.

Retail Influencers

Here are the men and women we picked to be this year’s retail influencers

Without a doubt, the retail sector has seen some dark days especially since the start of the pandemic, when predictions called for a recovery period that would take years. But…

What’s Next For Retail

Allen Matkins | UCLA Anderson Forecast

The Summer 2022 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows there is much more optimism about the next three years than the barrage of negative news about the economy might suggest. The current Survey reveals that the optimism shown in last Winter’s Survey for office and retail markets turning positive in the near-term was…

Resiliency of Retail

Physical Retail Remains Resilient in Many Western Markets

The death of retail has come and gone. The continued narrative of its imminent demise has proven to be misguided and exhausting! The resiliency of retail can be…

Connect CRE 2021 Awards

Connect CRE’s 2021 Next Generation Awards

Connect Commercial Real Estate is proud to present the winners of our 2021 Next Generation Awards. In one of the most challenging years on record for the industry, these rising stars surmounted the hurdles and excelled in business and leadership in…

Mixed-Use Projects

Trend Of Mixed-Use Projects With Premium Movie Theaters Will Continue, Experts Say

The early box-office success of the monster mayhem flick Godzilla vs. Kong reinvigorated two of the country’s biggest…

Albertsons

Colliers Completes Sale of High-Performing Albertsons in Buellton

Colliers International handled the nearly $19-million sale of an Albertsons store in Buellton. The roughly 45,000-square-foot net leased property is located at 212 E. Highway 246 and anchors the Buellton Shopping Center.

STNL

Why Flight to Stability is Fueling STNL Investment

While the pandemic laid low many CRE markets, it highlighted even more investment advantages in the single tenant net lease sector, according to Colliers report.
The turbulent year that was 2020 sent many commercial real estate investors turning to more stable, secure investments.

Closing Deals

How to Close a Retail Deal When Businesses Are Closed

El Warner of Colliers International has continued to close new deals during the pandemic by splitting the operating income risk between the buyer and seller.
Transaction volumes have frozen across asset classes during the pandemic, and it…

CASH On Cash

Colliers’ Warner: Why Cash is King in Current CRE Retail Market

The retail industry is undergoing a significant transformation, yet from an investment perspective, the sector presents a compelling alternative to other CRE asset classes. Connect Media asked Colliers…

Retail West

Retail West: Neighborhoods, Break-Ups and Single Tenants Drive Investment Sales

While the Class A trades like Simon’s acquisition of Taubman, and the major investments for the re-imaging of major urban malls into mixed-use entertainment, dining, service and product retail lifestyle…

Top Markets

Eight of the Top U.S. Markets for Retail Real Estate Investment

It’s a tough environment for retail properties out there. But there are still some markets where retail might be a good bet.
With consumers shifting how they shop and scores of store closures and retail…

AMC Theaters

South County Theater Near Border Trades for $32M

AMC Theatres Palm Promenade in San Diego has traded hands for $32.3-million. The buyer was an unnamed REIT specializing in single-tenant, net-leased assets. The seller was Citivest Commercial Investments, in….

AMC Theaters

Colliers Capital Markets Team Arranges $32.3M Acquisition of AMC Multiplex

Movie Goers from U.S., Mexico Fuel Center’s Popularity. Top Performing Multiplex Theater Trades to San Diego REIT Specializing in NNN Retail Properties.
A team of Colliers International Retail…

L.A. Times

Hollywood & Highland center sold; renovations to start next year

The Hollywood & Highland shopping and entertainment center has been acquired by a real estate partnership that plans to renovate the property, which opened in 2001 & helped lure investment back to the iconic…

Executive Hire

Retail Veteran El Warner Moves to Colliers

The seasoned retail broker joins Colliers International as EVP from Matthews Real Estate Investment Services, where he served as National Director of Shopping Centers. In his new position as part of Colliers’ Capital Markets Team, Warner will focus on retail…

Mammoth Sale

Iconic Village at Mammoth Trades at Record Price

Village at Mammoth, a 57,925-square-foot, ground-floor retail space located at the base of the Mammoth Mountain California ski resort, has sold for a record $28.3 million. The transaction marks the highest sale…

Retail Sale

Savi Ranch Retail Zone Assets Trade for $55M

A quartet of parcels in Yorba Linda’s Savi Ranch retail zone have traded hands for a combined $54.5 million. The transactions were handled by Matthews Real Estate Investment Services, and involve Savi…

Non-grocery

Do Shopping Centers Really Need Grocery Anchors?

Non-grocery anchored retail centers are starting to get more attention from investors, who see value beyond daily needs. Grocery-anchored shopping centers have become a popular retail asset class in the…

Winery Sale

Rancho Cucamonga’s Thomas Winery Plaza Sold in Record Deal

Thomas Winery Plaza, a nearly 100,000-square-foot CVS-anchored shopping center in Rancho Cucamonga, CA, has been sold for $24 million. Apartment Income Investors, Inc, a privately-held property management…