Pine Tree

2Q24 was a big one. 😎 - $551M in new acquisitions across the US – including assets in Portland, Cincinnati, Columbus, Ft. Lauderdale, Phoenix, and Knoxville – capping a $1.2B acquisition sprint since 3Q21 (and we're still going...) – Conor Bossy, Chris Ellsworth - 24 new leases and renewals totaling 102k sf – Michael Slusky #shoppingcenters #retail #cre #acquisitions

Please join us in welcoming Caitlin Rink and Luciano Gonzalez III to the Pine Tree team.   Caitlin brings extensive REIT experience from her previous roles at CIM Group, Brixmor, and Brookfield where she excelled in leasing operations on a national scale. Her knowledge of retail leasing strategies will play a key role as Pine Tree expands its national portfolio. Luciano comes to Pine Tree with a strong background in asset management and capital markets, making him a great addition to our team.   We are thrilled to have them both on board. Welcome, Caitlin and Luciano!

Our team had a great time at our annual summer company outing at TopGolf, enjoying a day filled with team bonding, friendly competition, and great food. #TeamBonding #CompanyCulture #PineTree #GreatPlacetoWork

🎉  Pine Tree is excited to announce its management of River District, a 59,000-square-foot mixed-use shopping center located in downtown Naperville, IL., recently acquired by Bucksbaum Properties.    Home to retailers like Rosebud, Chipotle, and Five Guys, River District offers prime retail space along the Riverwalk in Naperville’s lively downtown.   “We’re very excited to work with Bucksbaum Properties at this prominent shopping center in the heart of Naperville’s vibrant downtown,” said Peter Borzak, Chief Executive Officer at Pine Tree. “River District represents an ideal retail management assignment for Pine Tree due to the quality of the real estate, the enviable community engagement, the strong tenant mix, and the partnership with Bucksbaum Properties.” #Naperville #retailrealestate

🎉 Pine Tree has been awarded management of 16 Chicago-area retail assets, totaling one million square feet of space. This addition expands Pine Tree’s national presence and strengthens our portfolio to 80 shopping centers and $2.5 billion AUM.   “We are thrilled to bring our best-in-class management services to these properties, providing value to Newcastle Properties and the Chicago community,” said Jennifer Costa, Executive VP at Pine Tree. "This partnership marks an exciting step in growing our footprint in our home market."

Our team is growing! Join us in welcoming Justie Martinez, MBA (Administrative Assistant - Red Cliffs), Brendan Keady (Associate Property Manager), Yolanda Durden (Transaction Accountant), and Lisa M Lee (Associate Property Manager). We're excited to have them all on the Pine Tree team! #newhires #cre #retailrealestate

👏 🎓 A big shout out to Pine Tree's 2024 summer internship class (Cha’Kyah Anderson, Chase DeClerck, William Parker, Jaden Paulson, Will Rubin, and Parker Slusky) as the program recently wrapped up. Throughout their internships with our Acquisitions, Asset Management, Accounting, Capital Markets, and Property Operations groups, they gained valuable insights into the complexities of retail real estate and essential skills that will propel their future careers. We're extremely proud of their hard work and dedication this summer and wish them success in what's next! Hear from some of our 2024 summer internship class as they reflect on their Pine Tree internship experience.

With over 4,200 new retail store openings in 2024 so far, the continued importance of a brick-and-mortar footprint in #omnichannel retail is being underscored. Formerly pure online retailers like Wayfair are strategically expanding into brick-and-mortar storefronts. Wayfair opened its first large-format store in Illinois to enhance the customer experience, which can be more engaging than online shopping, as stated by CEO Niraj Shah. Likewise, allowing consumers to try or see products in person significantly reduces return rates, a $200 billion dilemma for online retail today according to Forbes. This move aligns Wayfair with other digitally native companies like Warby Parker, Figs, Glossier, and Everlane, which have also leaned further into physical retail spaces. #cre #retail #brickandmortar

With over 4,200 new retail store openings in 2024 so far, the continued importance of a brick-and-mortar footprint in #omnichannel retail is being underscored. Formerly pure online retailers like Wayfair are strategically expanding into brick-and-mortar storefronts. Wayfair opened its first large-format store in Illinois to enhance the customer experience, which can be more engaging than online shopping, as stated by CEO Niraj Shah. Likewise, allowing consumers to try or see products in person significantly reduces return rates, a $200 billion dilemma for online retail today according to Forbes. This move aligns Wayfair with other digitally native companies like Warby Parker, Figs, Glossier, and Everlane, which have also leaned further into physical retail spaces. #cre #retail #brickandmortar

🎨 Glendale Marketplace's marketing team recently hosted its second annual Chalk-A-Doodle Festival at the shopping center located in Glendale, CA. In partnership with two local community art organizations, this free family-friendly summer event featured live viewings of chalk artists creating murals throughout the shopping center, art exhibitions, live music, and store promotions from the center's retailers – drawing well over 500 visitors and generating thousands of social media impressions. Skilled local artists created colorful sidewalk murals while artist workshops provided interactive experiences for visitors, driving foot traffic and benefiting the retailers of Glendale Marketplace. This event was promoted in close coordination with the City of Glendale and the Glendale Downtown Business District. #cre #shoppingcentermarketing #glendale #marketingevents