Andrea Centonze’s Post

What's good for the goose is good for the gander. In this instance, the goose is Simon Property Group as it has entered the retail operations space through various well publicized brand acquisitions through JV vehicles. As for the gander, we could name several luxury brands including Prada, Gucci and Chanel each of which has purchased commercial properties and will not only house their own brands but co-tenants thereby entering the LL space. This isn't new though. When I went to work with Syms Clothing back in 2010, I was pleasantly surprised to learn about its commercial real estate holdings and having the ability to stretch my LL side legal muscles that had been put fully aside for the few years I worked with H&M. Those commercial properties allowed Syms flexibility and strength as a company. Although the retail operations are no more and much of the real estate was sold off prior to and during bankruptcy proceedings, Syms has since morphed into a commercial real estate company (Trinity Place Holdings). #TheRetailLawyer #commercialrealestate #retailevolution #attorneyadvertisement #SymsClothing #Kering #landlords #retailers https://lnkd.in/ghh6UmKm

What's good for the goose is good for the gander. In this instance, the goose is Simon Property Group as it has entered the retail operations space through various well publicized brand acquisitions through JV vehicles. As for the gander, we could name several luxury brands including Prada, Gucci and Chanel each of which has purchased commercial properties and will not only house their own brands but co-tenants thereby entering the LL space. This isn't new though. When I went to work with Syms Clothing back in 2010, I was pleasantly surprised to learn about its commercial real estate holdings and having the ability to stretch my LL side legal muscles that had been put fully aside for the few years I worked with H&M. Those commercial properties allowed Syms flexibility and strength as a company. Although the retail operations are no more and much of the real estate was sold off prior to and during bankruptcy proceedings, Syms has since morphed into a commercial real estate company (Trinity Place Holdings). #TheRetailLawyer #commercialrealestate #retailevolution #attorneyadvertisement #SymsClothing #Kering #landlords #retailers https://lnkd.in/gZVGWjPA

"Prada Acquires Fifth Avenue Flagship Store for $425M" Read the full article below..

Hard to get close on the exact valuation on Macy's properties as they are owned, leased, and under ground lease. The redevelopment of these properties in most cases will require lengthy entitlement process for reuse or redevelopment. For the leased properties not many tenants of that size to takeover so will require splitting up space and TI dollars. Many of these properties are well located in major cities or retail corridors. #redevelopment #landforsale #reuse

Very interesting read on the valuable real estate held by “dead” or “dying” anchor department stores. Everybody has a local mall they know needs a refresh - the redevelopment of shopping malls is going to be an exciting area for the foreseeable future. #cre #retaillaw #redevelopment https://lnkd.in/eS5JKFfs

Walking through the vibrant streets of New York City, you can feel the pulse of a city that's always in motion, always reinventing itself. And now, a striking new trend is painting an optimistic future: luxury brands are not just passing through – they're planting their flags, becoming part of the fabric of NYC. Take a moment to appreciate the weight of recent deals: high-end brands are seizing ownership of coveted Fifth Avenue properties, with LVMH revamping their prestigious 727 Fifth Avenue spot, Prada purchasing their time-honored flagship at 724 Fifth Avenue, and Kering investing $963 million into a 115k square-foot retail space at 717 Fifth Avenue. These moves are more than transactions; they are resounding affirmations of faith in New York City’s present and future. Each purchase is a pledge, a proud proclamation that says, "We're here to stay." Owning a piece of NYC is more than a calculated business decision; it's the crafting of a legacy. This investment shows brands banking on and betting on the city's global prominence. Fifth Avenue, Madison Avenue, 57th Street – these streets are more than just locations, they're landmarks of success. As these renowned brands cement their presence, they're igniting a revival in retail real estate. Each deal, each grand unveiling, reinforces New York's role as a beacon of commerce. The narrative these deals are writing is one of renewal and ambition. They signal the dawn of a new epoch for our city, where growth is a deliberate journey, where success is meticulously crafted and celebrated. New York City, the canvas of dreams, is boldly stepping into a growth narrative with its arms wide open. #NewYorkCity #CommercialRealEstate #LuxuryRetail #Investment #GrowthMindset

DFW INVOLVED IN ANOTHER DEAL: Dallas-based Neiman Marcus has been involved in a multibillion-dollar deal, being sought after by none other than New York City's iconic retailer, Saks Fifth Avenue. This high-profile move highlights the strength and appeal of Dallas's economy. 🌟 Why Invest in Dallas? 🌟 The thriving business environment in Dallas is attracting major investments and fostering economic growth. Here’s why you should consider investing here: Strong Economic Growth: With a booming job market and diverse industries, Dallas is a hotbed for economic activity. Real Estate Opportunities: From commercial to residential properties, the real estate market is thriving and offers lucrative investment prospects. Strategic Location: Dallas’s central location and robust infrastructure make it an ideal hub for businesses and investments. Join the wave of investors recognizing Dallas’s potential.If you're interested in learning more, reach out to us at 972.837.8765 or at info@SlaughterInvesting.com today! #DallasEconomy #NeimanMarcus #SaksFifthAvenue #InvestInDallas #RealEstate #SlaughterInvesting #EconomicBoom READ MORE: https://lnkd.in/gC45JS99

Retail - the best performing real estate investment class hidden in plain sight. Rarity creates growth and with only a handful of luxury shopping streets around the World and a growing number of luxury brands, it’s not surprising that Blackstone have re-entered the retail market at the luxury end - the only surprise is that they beat the luxury brands themselves to buy this property. It’s not just prime streets that will see rental growth, with fewer prime shops available in relation to demand and re-based rents due to structural change, IPF predicts some retail sectors, such as retail parks, to perform ahead (total returns) of most other traditional real estate sectors over the next 5 years. Give me a call if you want to know more. #retail #retailrealestate #luxury #retailparks #jll #ynwa

"The purchase by the parent of Saks Fifth Avenue of rival Neiman Marcus Group is expected to create a $7 billion portfolio of luxury retail properties in upscale shopping areas across the United States that will get support from two technology giants."- CoStar Get breaking real estate headlines like this with our MarketTRAC subscriptions. https://lnkd.in/eB4CtrVa #realestatenews #otteau #otteaugroup #njrealestate #realestateNJ #realestate #realestatemarket #markettrac #NJrealestate #njrealestatenews

And there will likely be a big halo effect from the Fenwick site redevelopment just immediately to the north of this corner site. The polarising of retail valuation is in future years going to create cliff faces of fabulous retail value in between ‘deep gorges’ of diminishing retail assets that will require imaginative transformation and re-thinking to recover their value. Investor Performance will be greatly influenced by the positioning of their assets - are they going to be at top of the mountain or in the bottom of the cliff face?