Northeast Real Estate Business

MAY 2018

Northeast Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in the Northeast United States.

Issue link: https://northeastrealestatebusiness.epubxp.com/i/978140

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4 • May 2018 • Northeast Real Estate Business www.REBusinessOnline.com P U B L I S H E R S ' N O T E FRANCE MEDIA, INC. EDITORIAL Jerry France ....................... Chairman & CEO/Co-Publisher Scott France ................................. President/Co-Publisher Michael Jacobs ............................... Chief Financial Officer Jaime Lackey .................... VP, Marketing & Digital Strategy Randall Shearin ....................... SVP, Editorial & Operations Matt Valley ........... Editorial Director, Real Estate Regionals David R. Cohen ........................................................Editor Joe Gose .............................................. Contributing Writer Haisten Willis ........................................ Contributing Writer Katie Sloan ............................................... Assistant Editor John Nelson .............................................. Assistant Editor Taylor Williams .......................................... Assistant Editor Kristin Hiller .............................................. Assistant Editor Camren Skelton ........................................ Assistant Editor Julie Hunt ...............................................Graphic Designer Nick Topolski .......................................... Graphic Designer ADVERTISING Scott France ..................................................Co-Publisher Barb Sherer ................................................ Media Advisor CIRCULATION AND ADMINISTRATION Teresa Hennington .....................................Office Manager Jim Clark ...............................................Traffic Coordinator Vally Smith .....................................................Receptionist Northeast Real Estate Business (ISSN 1554-0847) is published seven times per year by France Publications, Inc., d/b/a France Media, Inc. Editorial and adver- tising offices are located at Two Securi- ties Centre, 3500 Piedmont Rd., Suite 415, Atlanta, GA 30305. Telephone (404) 832-8262, facsimile (404) 832-8260. E- mail: northeast@francemediainc.com. POSTMASTER: Send address changes to: Northeast Real Estate Business, P.O. Box 47065, Plymouth, MN 55447-0065. Northeast Real Estate Business is a reg- istered trademark of France Publications, Inc. Subscription rates: USA 1 year $68; 2 years: $114. Single copies are $10.00. For subscriber services, including change of address or subscriptions, please email NREB@kmpsgroup.com or call (800) 869- 6882. ©2018 France Publications, Inc. For reprints or to photocopy articles, please contact Barbara Sherer, manager of spe- cial advertising at (404) 832-8262 x 134. The opinions and statements made by authors, contributors and advertisers to Northeast Real Estate Business are not nec- essarily those of the editors and publish- ers. INTERFACE CONFERENCE GROUP Richard Kelley .................................. Senior Vice President Alicia Lewis ....................................... Conference Manager Heather James-Wyrick ..................Conference Coordinator India Wright .............. Conference & Marketing Coordinator May 2018 • Volume 14, Issue 5 In planning and researching this issue, we heard time and again that retail is stronger than many head- lines would lead you to believe. Scott Holmes of Marcus & Millichap tells us that retail vacancy nationwide was down to 5.1 percent at the end of 2017, its lowest level in more than 18 years. In our cover story on the net lease sector, we report that NNN proper- ties remain in high demand with most deals trading at competitive cap rates despite some concern over rising inter- est rates. While everyone in retail is watch- ing retailers' efforts to right-size their footprints and portfolios, it is excit- ing to see innovation in the sector. We take a look at how Amazon is impact- ing the grocery sector and how other grocers are embracing technology and experimenting with online ordering in response. Renewal and redevelopment are the recurring themes in retail these days. On our cover, we feature an update on the $30 million renovation and re- branding at CambridgeSide just out- side of Boston. On page 30, we talk with Joseph Coradino of PREIT about the company's extensive anchor im- provement program. And at France Media, we are taking a closer look at our coverage of the re- tail industry as well. We will debut the first issue of Ancillary Retail at ICSC RECon. The magazine will cover spe- cialty retail, pop-up retail, marketing and sponsorships. You can pick up a copy our SPREE booth, #526. For infor- mation on advertising or subscribing, visit www.ancillaryretail.com. And of course, we'll have copies of the new magazine as well as our re- gionals and Shopping Center Business at the France Media booth, N1840 in the Marketplace Mall. Stop by and let us know what your company has in the works — we're looking for story ideas for the summer and fall issues. Jerry France Co-Publisher Scott France Co-Publisher RETAIL, REDEVELOPMENT & RECON One hour ago his largest shopping center got raked over the coals by an unfair tax assessment. He called APTC. Now the coals are perfect. For over 20 years, APTC member law firms have handled client real estate portfolios from assessment review through the highest courts. Our members provide national representation with local experience all across the U.S. and Canada. Contact us at 1-844-227-0407 or www.APTCNET.com. Smart, Aggressive Property Tax Advocacy Professional Models

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