Podcasts about shopping centers

Complex of shops, usually under one roof

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Best podcasts about shopping centers

Latest podcast episodes about shopping centers

Retail Leasing for Rockstars
Why I Refused a $300K Business Sale (and Got Sued for It) | | Episode 59: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Jul 24, 2025 12:20


In this episode, I share a wild (and very real) lesson on tortious interference - what it means, how I got sued for it, and what every landlord should understand when it comes to transferring leases. From NFL players selling overpriced smoothie shops to doctors trying their hand at burger franchises, I've seen my share of risky lease assignments - and learned to trust my instincts.I walk through two real-life examples where I blocked lease transfers, faced legal threats, and ultimately protected my shopping centers. I also explain how I secured personal guarantees, maintained leverage, and stayed paid when things went sideways. For any landlord who's ever second-guessed their judgment or felt pressured into approving a shaky deal, this episode is essential listening.Key Insights:✔️ Tortious interference claims can surface - even when protecting the asset✔️ Lease assignment red flags are worth paying attention to✔️ Personal guarantees offer critical protection from unqualified tenants✔️ Tenants often return admitting they should have followed advice✔️ Backup tenants and strong lease terms can protect the landlord's position✔️ Sometimes, saying “no” is the most responsible thing a landlord can do

The Naked Truth About Real Estate Investing
EP 462 - Discover how Tom Berry acquired over $260M of real estate including SFH, multifamily, office, shopping centers and notes ... And how he has raised over $150M for these assets.

The Naked Truth About Real Estate Investing

Play Episode Listen Later Jul 23, 2025 34:15


Discover what does it take to grow from humble beginnings to over $260 million in real estate acquisitions and more than $150 million in capital raised. In this powerhouse episode, Tom Berry pulls back the curtain on his journey—starting with nothing and scaling into a diversified portfolio spanning single-family homes, multifamily, office, retail, and note investing. He shares the real-world lessons from decades in the trenches, the strategy behind his pivot into commercial assets, and why mindset is your greatest asset as an investor. If you're serious about wealth-building, this is an episode you can't afford to skip.5 Key Takeaways from the Episode:Start Where You Are – Tom began with no capital and no connections, proving resourcefulness matters more than resources.Pivots Are Powerful – His transition from single-family to commercial assets like shopping centers and notes multiplied his portfolio's value.Mindset Over Mechanics – Success wasn't just about numbers—it was about shifting his beliefs and habits to match his goals.Raise the Right Way – Tom breaks down how he raised over $150M ethically, legally, and with integrity—no gimmicks.Diversify with Intention – Real wealth, according to Tom, comes from smart, diversified investments backed by deep due diligence and education.About Tim MaiTim Mai is a real estate investor, fund manager, mentor, and founder of HERO Mastermind for REI coaches.He has helped many real estate investors and coaches become millionaires. Tim continues to help busy professionals earn income and build wealth through passive investing.He is also a creative marketer and promoter with incredible knowledge and experience, which he freely shares. He has lifted himself from the aftermath of war, achieving technical expertise in computers, followed by investment success in real estate, management skills, and a lofty position among real estate educators and internet marketers.Tim is an industry leader who has acquired and exited well over $50 million worth of real estate and is currently an investor in over 2700 units of multifamily apartments.Connect with TimWebsite: Capital Raising PartyFacebook: Tim Mai | Capital Raising Nation Instagram: @timmaicomTwitter: @timmaiLinkedIn: Tim MaiYouTube: Tim Mai

Steve and Ted in the Morning
Real estate developer buys Twin Lakes shopping center

Steve and Ted in the Morning

Play Episode Listen Later Jul 14, 2025 29:28


Hour 3 - Towne West isn't the only mall expected to undergo changes. Wichita Business Journal Editor Kirk Seminoff joins us to wrap up a Monday.

Where We Buy: Retail Real Estate with James Cook
Electrify America's EV Charging Strategy for Shopping Centers - Where We Buy #342

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Jul 11, 2025 28:11


Brandy Mathie is Director of Site Acquisition and Portfolio Management at Electrify America, the largest open hyper-fast electric vehicle charging network in the U.S. Mathie explains the company's growth, future goals, and the logistics of deploying charging stations in retail locations. She also covers customer experience, ideal site locations, and the increasing demand for EV infrastructure.  James Cook is the Director of Retail Research in the Americas for JLL.  Keisha Virtue is Retail Research Manager for JLL. James Cook is the director of retail research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

Retail Leasing for Rockstars
The Most Unusual Tenant Request I've Ever Seen | Episode 58: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Jul 11, 2025 5:27


After 30+ years in the business, it takes a lot to surprise me—but this lease clause did just that. In this episode, I share the unique situation that forced me to rethink how I approach use clauses. A tenant with a one-of-a-kind concept insisted on “any lawful retail use” as a condition of the lease. My initial reaction? No way. But what followed was a negotiation that pushed both sides to get creative.I walk through the four protections I added—including noxious use exclusions, existing tenant conflict language, and even a recapture clause—all while preserving the deal and protecting my asset. If you've ever dealt with an assignment clause that felt like a landmine, or a tenant who had no potential assignee, this episode will give you a new playbook.Key Insights:✔️ Narrow use clauses protect your center—but sometimes, compromise is required✔️ “Any lawful use” isn't always risky—if structured carefully✔️ Noxious use exclusions help future-proof your lease against shifting laws✔️ Active negotiations and LOIs should also block conflicting assignments✔️ A recapture clause gives landlords control in grey areas✔️ Early negotiation (at LOI stage) helps avoid legal standoffs later

Conversations with the Mayors
Chapel Hill: Storm Recovery at Camelot Village, Eastgate Shopping Center, and More

Conversations with the Mayors

Play Episode Listen Later Jul 11, 2025 16:12


Chapel Hill Mayor Jess Anderson spoke with 97.9 The Hill's Andrew Stuckey on Thursday, July 10, discussing the ongoing recovery efforts from Tropical Storm Chantal. She discussed visiting Camelot Village apartments, and the challenges faced by that community after the latest flood. She also discussed University Place and the flooding there. She talked about Eastgate Shopping Center, which saw catastrophic flooding. She suggested ways the community could help support these businesses and displaces residents, and more. The post Chapel Hill: Storm Recovery at Camelot Village, Eastgate Shopping Center, and More appeared first on Chapelboro.com.

Retail Leasing for Rockstars
This is Why You Shouldn't Post Rental Rates Online | Episode 57: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Jul 4, 2025 8:15


Should you be posting rental rates on sites like Crexi or LoopNet? In this episode, I explain why I don't—and why you shouldn't either. A Facebook post from a frustrated agent sparked this conversation, but it revealed a much bigger issue: in retail real estate, rent is never one-size-fits-all.I walk through exactly how I price space in my shopping centers, from tenant type to visibility to square footage and even lease term. I also share a story about a client who was charging the same rate—$23 PSF—across every property, including a second-story office and a Publix-anchored outparcel. Spoiler: We fixed that, fast. If you're looking to maximize NOI and get strategic about rent setting, this episode breaks down how to think like a pro.Key Insights:✔️ Rent should vary by tenant use, size, visibility, and lease term✔️ One flat rate across all units can dramatically limit your upside✔️ You can and should charge more for endcaps and high-traffic locations✔️ Don't let online listings lock you into underpriced deals✔️ Educate your leasing agents on rent flexibility✔️ Strategic rent setting = long-term NOI growth

Retail Leasing for Rockstars
Dealing with Too Many Tenant Restrictions? Here's How I Navigate It | Episode 56: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Jun 27, 2025 13:24


What happens when you've got a perfectly good vacancy—but exclusives are tying your hands? In this episode, I walk through one of my current leasing challenges: a second-gen restaurant space that should be a no-brainer to fill... except I'm bound by a long list of tenant exclusives. From chicken and bubble tea to even Middle Eastern food—I'm locked out of nearly every popular restaurant category.But here's the truth: exclusives are common, and they don't have to stall your leasing. I share the real-world strategies I use to work around them—like how I got a Latin restaurant in under a chicken-exclusive, and when it might actually make sense to challenge or negotiate a waiver. I also break down creative site planning tactics that can open doors to entirely new tenant types. If you've ever been stuck with a “hard-to-lease” space, this one's for you.Key Insights:✔️ Exclusives are everywhere—but they're not deal-breakers✔️ Strategic tenant outreach starts with knowing your approved categories✔️ Get creative with space planning to unlock better tenant matches✔️ Know the penalties for breaking exclusives—it might be worth it✔️ Waivers are possible—but often come with negotiation✔️ Encourage leasing agents to explore unexpected tenant formats

Retail Leasing for Rockstars
Why I Let Tenants Move-In Rent-Free (For a Year!) | Episode 55: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Jun 20, 2025 8:09


What do you do when a great property refuses to lease up—despite all your best strategies? In this episode, I share the full story of one of the toughest assets in my portfolio: a 24,000 SF strip center right across from Sawgrass Mills Mall that should've been a slam dunk. But thanks to poor visibility from outparcels, it sat at 60% occupancy for years. I tried everything—canvassing, broker incentives, Facebook ads, even a party. Nothing worked.Eventually, I swallowed my pride, hired a third-party broker, and together we came up with something bold: offer one year of free rent—no TI, full guarantees, no gimmicks. That single shift caught tenants' attention and changed everything. We fully leased the center in five months and ended up selling it shortly after. If you're feeling stuck with your leasing strategy, this episode is the permission you need to shake things up.Key Insights:✔️ Even experienced owners sometimes need outside help✔️ Lack of visibility can kill demand—no matter how strong the market✔️ One year of free rent (with no TI) can still create a win-win✔️ Pressure with urgency—“clock starts in January” drove action✔️ Creativity and humility matter as much as hustle✔️ When leasing stalls, shake up the system and brainstorm hardIf you're feeling stuck on a tough leasing deal, this episode is proof that sometimes the best move is the bold one. Don't be afraid to pivot. Your next lease might just need a different play.

Nareit's REIT Report Podcast
Kimco CEO Conor Flynn on the Continuing Evolution of the Open-Air Shopping Center

Nareit's REIT Report Podcast

Play Episode Listen Later Jun 18, 2025 20:26


Conor Flynn, CEO of Kimco Realty (NYSE: KIM) and Nareit 2025 Chair, joined the 500th episode of the REIT Report to provide a close-up view of how a leading retail REIT is navigating today's complex market environment.Flynn highlighted the resiliency of both the consumer and tenant base in the open-air shopping center space, pointing out that there's been 13 years of virtually no new supply.“That obviously is a big benefit and it's showcasing in the occupancy side because occupancies now are at all-time highs. Even with some disruption from tariffs and some smaller bankruptcies, retailers are continuing to expand their footprint and have identified that the store base is really the best opportunity, and the most profitable, to service the consumer in as many ways as possible,” Flynn said.He noted that convenience and value are “the sweet spot of where consumers are focused today.”

Jake and Gino Multifamily Investing Entrepreneurs
Rock Steps to Retail Wealth: Inside Andy Weiner's Shopping Center Empire | Jake & Gino Poadcast

Jake and Gino Multifamily Investing Entrepreneurs

Play Episode Listen Later Jun 16, 2025 51:00


In this episode of the Jake and Gino Podcast, we dive deep into the world of retail real estate with Andy Weiner, Founder and President of Rockstep Capital. Andy shares how he transitioned from running a family clothing empire to revitalizing struggling malls in secondary and tertiary markets. Discover how his “Rock Steps” culture drives high performance, why retail isn't dead, and how positive leverage and local community partnerships are the secret to sustainable success. You'll learn:- Why the future of malls lies in mixed-use redevelopment- How Andy secures non-recourse community bank loans- The benefits of buying at a 15-cap and de-malling to an 8-cap- The biggest mistakes new retail investors make- The unique power of local investors and positive leverage Whether you're a seasoned multifamily investor or curious about diversifying into retail, this is a masterclass in spotting hidden value in overlooked markets. Learn more: https://rockstep.comVisit Rockstep's Learning Center: https://rockstep.com/learning-center/Chapters:00:00:00 - Introduction  00:04:08 - Family Business Struggles and Strategic Lesson  00:06:00 - Leadership at 32: Earning Respect and Setting Vision  00:07:53 - First Real Estate Deal: Assembling Land for Lowe's  00:09:40 - Identifying Opportunity in Retail Real Estate  00:15:24 - The Vicksburg Model and Rockstep's Track Record  00:23:51 - Top Investor Mistakes in Shopping Centers  00:25:20 - Has E-Commerce Killed Retail?  00:29:22 - “Rock Steps” Culture and Company-Wide Accountability  00:34:12 - Brick-and-Mortar + App + Distribution: The Retail Trifecta  00:46:28 - Tractor Supply Love & Market Size Criteria  00:48:04 - Gino Wraps it Up We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)

Retail Leasing for Rockstars
Want Better Returns? Stop Competing for Listed Deals (Do This Instead) | Episode 54: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Jun 13, 2025 9:24


Buying a shopping center off-market? It's not fast. It's not easy. But if you play the long game—it can be wildly profitable. In this episode, I reveal how she secured multiple off-market deals by doing what most investors won't: cultivating relationships for years.From befriending a 76-year-old owner (who eventually made her his 50/50 GP partner!) to pulling off a seller-financed deal in under 30 days, I share the behind-the-scenes stories of mu best acquisitions—and exactly how I made them happen. I also explain how one coaching client turned an outperforming asset into a portfolio expansion using the “knock-on-doors” method.If you're tired of getting beat out on listed deals or just want better returns, this episode is your roadmap to relationship-based acquisitions that actually work.Key Insights:✔️ Off-market deals take patience—but can deliver incredible upside✔️ Add value early—before an owner is ready to sell✔️ Seller financing is possible—even on a tight timeline✔️ Managing and leasing for free can be a strategic foot in the door✔️ Use overperforming assets as a launchpad to buy nearby centers✔️ Don't wait for deals to be listed—make the first moveWhether you're a long-term investor or just breaking into CRE, this episode will challenge how you think about deal sourcing. The best opportunities aren't on LoopNet—they're hiding in plain sight.

Retail Leasing for Rockstars
Are EV Chargers Really Worth It for Shopping Centers? | Episode 53: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Jun 6, 2025 9:01


EV chargers are popping up in shopping centers everywhere, promising “free” money through ancillary income deals—but I say: not so fast. In this episode, I break down the hidden risks of adding EV charging stations, especially when it comes to parking ratios and long-term tenant satisfaction.I explain why I haven't jumped on the EV charger bandwagon just yet, including the potential loss of valuable parking spaces and the unintended consequences it could have on restaurant tenants and customer traffic. If you're considering installing EV chargers at your property, this episode might change your approach.Key Insights:✔️ EV charger companies often provide free equipment—but at the cost of parking spaces✔️ Losing key parking can negatively affect restaurants and high-traffic tenants✔️ Ancillary income is great, but not if it reduces your overall leasing potential✔️ Every parking decision should factor into your site's overall tenant mix and traffic flow✔️ What looks like “free money” could cost you in NOI down the line

The Hilltop Glove Podcast
Eddie Long | Episode #147

The Hilltop Glove Podcast

Play Episode Listen Later Jun 2, 2025 66:53


Send us a textTHG chats with Eddie Long, owner of the Genesis Fair-Trade Coffee Shop and Shopping Center in Newberry, SC. Explore Eddie's journey and efforts to bringing awareness to mindful consumption and sustainability. Support the showBOOK OUR SPACE (Columbia):https://www.peerspace.com/pages/listings/673ab11c9ec72595c7e5f909 BOOK OUR SPACE (Charleston): https://www.peerspace.com/pages/listings/67ae7cb5cb965a8e4b77028f https://www.peerspace.com/pages/listings/67a92b506ec2c3b8a866f42e Make sure to subscribe to us on ⁠Spotify⁠, ⁠Apple Podcasts⁠, and ⁠YouTube⁠. Also follow us on ⁠Instagram⁠ and ⁠Facebook⁠ @hilltopglove. Sponsored by: ⁠@lynxrecording @asylumdigital @celebstudio_ @the_dollarsto @trubrilliance_ . Become a member of our ⁠Patreon⁠ channel to get access to full video episodes, early premieres, and bonus content! Make sure to check out latest series, Amplifying Voices: Carolina...

Retail Leasing for Rockstars
What Shopping Center Owners Should Know About Leasing Brokers in Real Estate | Episode 52: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later May 30, 2025 12:20


Ever wonder what your leasing broker is really dealing with behind the scenes? In this episode, I give shopping center owners a brutally honest breakdown of what it's like to be a retail leasing broker - from commission-only paychecks to years of hustling without listings or income. If you're considering hiring a broker (or trying to figure out why yours isn't delivering), this is a must-listen.I share the hidden realities of training, hunger, experience, and how to spot the difference between a hustler and someone just riding the title. Whether you're managing a broker or deciding whether your nephew should give it a go, this episode helps you make smarter decisions and set more realistic expectations.Key Insights:✔️ Most commercial leasing brokers start commission-only and need a second job to survive.✔️ Newbies rarely get proper training—owners should ask how they learned the business.✔️ A broker's “hunger” is often shaped by their early hustle, not their title.✔️ Big brokerage firms don't always train or assign listings to juniors.✔️ Rockstars with 30+ listings probably aren't cold calling for your 1,200 SF vacancy.✔️ Don't assume activity—ask direct questions about canvassing and prospecting habits.

Retail Leasing for Rockstars
Avoid These Strip Center Buying Mistakes | Episode 51: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later May 23, 2025 10:23


Not all strip centers are created equal - and if you're looking to buy one, you better know what to look for. In this episode, I break down the critical (and often overlooked) details that can make or break your investment.From parking ratios and restaurant tenants to visibility challenges and shifting demographics, Beth shares the exact advice she's giving in DMs and emails to prospective buyers. I even open up about a shopping center I couldn't lease - because of poor visibility - and what I learned the hard way.Thinking about splitting a 10,000 SF space into four bays? I get into the real costs - and why you should lease it first, then build it out. This is must-hear guidance for anyone buying or repositioning a center in today's market.Key Insights: ✔️ Restaurants bring rent—but need the most parking ✔️ Poor visibility = long, painful vacancy battles ✔️ Traffic counts and tenant mix reveal a center's true potential ✔️ Changing demographics can stall leasing momentum ✔️ Splitting space costs six figures—lease before you spend ✔️ Homeless issues? Temporary security can work wondersThis episode is full of tactical tips for evaluating a deal beyond the surface. If you're serious about buying strip centers, this is your blueprint to avoid costly mistakes—and lease faster, smarter, and stronger.

Retail Leasing for Rockstars
How to Handle the One Tenant Who Calls You Every Day | Episode 50: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later May 16, 2025 5:24


We're always told to be responsive - but can you be too responsive? In this milestone 50th episode, I share when rapid response is a superpower in leasing… and when it actually backfires. From texting prospects on planes to responding to market study calls, she outlines when responsiveness builds trust - and when it trains tenants to abuse it.I also share my policy for returning broker calls, handling problem tenants, and even paying vendors fast to earn loyalty. But for those few tenants who call every day with non-issues? I explain exactly why not calling back immediately is the right move.Key Insights:✔️ Text-for-info signs increase lead response, even mid-flight✔️ Always return broker and vendor calls—it pays off long term✔️ Pay vendors quickly to get prioritized in return✔️ Some tenants use quick replies to demand excessive attention✔️ It's okay to delay responses to problem tenants—set boundaries✔️ Responsiveness should be strategic, not reactiveEven though responsiveness is key to great landlord-tenant relationships, knowing when to pause is just as powerful. This episode gives you permission to protect your time—and train your tenants to respect it.

Building Places | People, Cities and the Future of Real Estate
How are shopping center experiences evolving?

Building Places | People, Cities and the Future of Real Estate

Play Episode Listen Later May 15, 2025 24:06


In this JLL "Trends & Insights" episode, Tanger CEO Stephen Yalof discusses the pivotal changes in Tanger's retail real estate strategy with JLL's Naveen Jaggi. Originally an outlet center company, Tanger is now pivoting towards experience-focused, full-price centers. Yalof outlines how post-COVID dynamics, such as the popularity of open-air environments and the addition of food and lifestyle experiences, inform this shift. The discussion also touches on retailers' cautious optimism reflected in their long-term strategies, the impact of blending full-price and outlet spaces, and Tanger's future investment plans in lesser-known but high-potential markets. The conversation concludes with insights into the evolving landscape of shopping centers, emphasizing the importance of creating compelling consumer experiences. Subscribe: Apple Podcasts | Spotify | Google Podcasts   Email us at trendspodcast@JLL.com.  Get more insights about commercial real estate here. 

Retail Leasing for Rockstars
How to Build Relationships With Big Brands - Even If You're a Small Owner | Episode 49: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later May 9, 2025 6:15


Think your portfolio is too small to call national retailers? Think again. In this episode, I break down down why even small shopping center owners should reach out to national tenants directly. Whether you own one property or 50, the key is to do your homework, know what the retailer needs, and make a compelling case for why your location is the perfect fit.I share practical tips on how to get past the gatekeepers, why most landlords never visit retailer headquarters (and why you should), and how building these connections early can pay off as your portfolio grows. Don't wait—learn how to confidently approach national retailers and set yourself apart from the crowd.Key Insights:✔️ You don't need a huge portfolio to approach national retailers—just do your research✔️ Know the brand's needs before you call, and offer something valuable✔️ Visit retailer headquarters whenever possible—few landlords make the effort✔️ Confidence and preparation go a long way—don't be intimidated✔️ Start building relationships now, even if you're a small portfolio ownerEven if you're just starting out with a few properties, now is the time to make connections with the brands you want in your shopping center. As your portfolio grows, these relationships can give you a competitive edge and help you secure high-quality tenants down the line.If you've ever felt hesitant to reach out to a national retailer, this episode will give you the mindset and strategy to move forward with confidence.

Retail Leasing for Rockstars
Why One Master Key Saves You Time in Leasing | Episode 48: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later May 2, 2025 7:50


Sometimes it's the little details that make the biggest impact. In this episode, I share the small but powerful changes she's made to lease her shopping center spaces faster. From adding "Text for Info" to her leasing signs to setting up a quasi leasing office inside vacant spaces, I explain how these simple tweaks attract more interest and create opportunities to connect with prospective tenants.I also cover practical tips like keeping utilities on to make spaces more inviting, using a single master key for all vacancies, and updating flyer images to reflect the most popular tenants. Whether you're trying to lease a few spaces or manage a larger portfolio, these ideas will help you present your properties better and make leasing easier.Key Insights:✔️ Keep utilities on in vacant spaces—comfort and safety matter✔️ Use a single master key for easier access to all vacancies✔️ Set up a simple quasi leasing office for on-site meetings✔️ Add “Text for Info” on your leasing signs—easy for prospects✔️ Update flyer images to feature your most popular tenants✔️ Highlight infrastructure like grease traps on storefront banners

Millionaire Mindcast
The Shopping Center GOAT Who Bought 10M Sq Feet Of Commercial Retail Real Estate | Andy Weiner

Millionaire Mindcast

Play Episode Listen Later Apr 28, 2025 51:14


In this powerhouse episode, Matty A sits down with Andy Weiner — the Founder & President of RockStep Capital — to explore how he amassed over 10 million square feet of commercial retail real estate across 11 states. From a childhood immersed in his family's 159-store clothing chain to mastering acquisitions in “Hometown America,” Andy breaks down how his strategic investments in secondary and tertiary markets are creating outsized returns while revitalizing communities. He explains why retail is now a bullish asset class, how positive leverage is giving retail an edge over multifamily and industrial, and shares insights into RockStep's culture built around their unique core values, the “Rock Steps.” In This Episode, You'll Learn: (03:40) Andy's origin story: From family retail business to real estate mogul (05:02) Types of shopping centers RockStep acquires: neighborhood, power, enclosed malls (07:56) Why retail has favorable supply/demand dynamics in 2025 (10:01) Positive vs. negative leverage in CRE deals (13:27) What makes secondary & tertiary markets so investable (20:38) RockStep's strategy for buying distressed malls at 15–17% cap rates (28:06) The origin and meaning behind RockStep's company values (42:19) Inside the Hometown America Fund: 8–9% pref, 18%+ IRR goals (46:27) Thoughts on alternative investments in volatile times Resources Mentioned: RockStep Capital Website: http://rockstep.com Connect with Andy on LinkedIn: https://www.linkedin.com/in/andy-weiner/ Shopping Center Academy on YouTube: http://www.youtube.com/@ShoppingCenterAcademy   Episode Sponsored By: Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/ CRE MASTERMIND: Visit myfirst50k.com and submit your application to join! FREE CRE Crash Course: Text “FREE” to 844-447-1555 FREE Financial X-Ray: Text  "XRAY" to 844-447-1555  

VPM Daily Newscast
BizSense Beat: SMART SCALE, Insurance company sale, Olde Town Shopping Center toy store

VPM Daily Newscast

Play Episode Listen Later Apr 26, 2025 5:05


Virginia transit officials recommended funding for 14 transportation projects in the Richmond region through SMART SCALE, a U.K.-based parent company of local insurance firm sells its U.S.-based business, and a global toy store plans to open in Henrico County's Olde Town Shopping Center.

Retail Leasing for Rockstars
The ICSC Event You Shouldn't Miss If You're Going to Vegas | Episode 47: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Apr 25, 2025 7:44


ICSC Vegas is fast approaching - but should small shopping center owners actually go? In this episode, I break down whether the biggest retail real estate event of the year is worth the cost and time for investors who own just a few properties.From networking hacks (like who you might meet in a rideshare) to what part of the event is actually valuable (hint: Professional Development Sunday), I share real talk on what you'll get - and what you won't - if you're going to Vegas with a small portfolio and big expectations.Key Insights:✔️ ICSC Vegas is valuable for education and connections—but may not land you tenants✔️ Local or regional ICSC shows are far more productive for small owners✔️ If you're going, don't miss Professional Development Sunday✔️ Avoid marketing to national tenants unless your portfolio justifies it✔️ Use LinkedIn to pre-book meetings and avoid wandering the floor✔️ Network early: opportunities start at the airport gate and hotel lobby

The Naked Truth About Real Estate Investing
Discover how Brian Baniqued started in real estate at just 18... and now manages over $575M in multifamily, office, and retail shopping centers.

The Naked Truth About Real Estate Investing

Play Episode Listen Later Apr 22, 2025 43:45


What if you started in real estate at 18 and built an empire worth over $575 million? In this powerful episode of the Hero Capital Show, Tim Mai sits down with Brian Baniqued, a second-generation real estate broker and dynamic entrepreneur whose journey spans multifamily syndications, office complexes, retail centers, and even modular development. Brian shares how he went from organizing papers in his mom's real estate office to building vertically integrated companies in brokerage, finance, and property management—all while raising $27M+ in capital. You'll discover his early cash-flow strategy with FHA fourplexes, his transition into syndication and condo development, and how he now leverages modular construction to build faster and smarter. Top 5 Key Takeaways:- Start Young, Think Big: Brian began at 18 by house-hacking with FHA loans and quickly scaled into multifamily ownership.- Power of 1031 Exchanges: He used strategic exchanges to go from small fourplexes to large apartment buildings and commercial assets.- Vertical Integration Advantage: By building brokerage, mortgage, and management companies, Brian controlled every part of the investment life cycle.- Modular Construction Insights: Learn the pros, cons, and cost nuances of using prefab construction for faster multifamily builds.- Investor Loyalty Through Strategy: His ability to guide investors through exit strategies and reinvestments built a loyal capital base over decades.About Tim MaiTim Mai is a real estate investor, fund manager, mentor, and founder of HERO Mastermind for REI coaches.He has helped many real estate investors and coaches become millionaires. Tim continues to help busy professionals earn income and build wealth through passive investing.He is also a creative marketer and promoter with incredible knowledge and experience, which he freely shares. He has lifted himself from the aftermath of war, achieving technical expertise in computers, followed by investment success in real estate, management skills, and a lofty position among real estate educators and internet marketers.Tim is an industry leader who has acquired and exited well over $50 million worth of real estate and is currently an investor in over 2700 units of multifamily apartments.Connect with TimWebsite: Capital Raising PartyFacebook: Tim Mai | Capital Raising Nation Instagram: @timmaicomTwitter: @timmaiLinkedIn: Tim MaiYouTube: Tim Mai

Source Daily
News Man Weekly: Miss Mansfield Grace Riegel; Faith Life Church Investigation, Cannabis in Mansfield, West Park Shopping Center and more!

Source Daily

Play Episode Listen Later Apr 22, 2025 61:31


This week on the News Man Weekly, host Carl Hunnell sits down with Grace Riegel, Miss Mansfield and member of the 179th Cyberspace Wing, as she prepares to compete in the upcoming Miss Ohio Scholarship Program. Grace shares her journey from Lexington High School to military service, her passion for advocating for students with dyslexia, and what it means to represent her hometown on a big stage. Source Media journalist and self-proclaimed Grace Riegel fangirl, Mariah Thomas also joins us for the lively discussion and to receive some life lessons from Hunnell. Hunnell is also joined by executive producer Zac Hiser and video producer Grant Ritchey. They discuss a packed news week which included ongoing sexual abuse investigations at Faith Life Church. a new Cannabis dispensary in Mansfield, updates on the West Park Shopping Center and much more. Special thanks to our sponsor, Relax, It's Just Coffee — because every good day (and every good podcast) starts with a great cup of coffee. Relevant links: Former Faith Life Church official indicted on 27 sexual abuse charges- Mansfield's first cannabis dispensary opens Get tickets for "Beyond the Trail: A conversation with Iditarod racer Matthew Failor Intro song credit: Smoke And Drink, by Luke Watson. Be a Source Member for unlimited access to local, independent journalism. Support the show: https://richlandsource.com/membersSee omnystudio.com/listener for privacy information.

Retail Leasing for Rockstars
The Report Landlords Ignore - That Can Make or Break a Deal | Episode 46 Part 2: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Apr 18, 2025 8:15


Last week was all about reports - but I left one of the most important off the list: occupancy percentage. In this episode, I dive deep into how tracking tenant occupancy costs not only helps you price rent with confidence, but also helps you spot trouble early, negotiate smarter, and even defend higher valuations with lenders and buyers.I share how I've used this data to justify rent increases, negotiate better cap rates, and understand which tenants are performing - and which might be at risk. If you're not tracking occupancy percentages yet, this episode will make you start.Key Insights:✔️ Occupancy percentage = rent as a % of tenant sales—track it, use it✔️ Use it to price rent, negotiate renewals, and spot underperforming tenants✔️ Some tenants can handle higher % than others (e.g. liquor vs. furniture)✔️ I use occupancy ratios to justify lower cap rates in refis/sales✔️ You can start learning by analyzing OM rent rolls & reported sales✔️ Most landlords ignore this - make it your edge

Source Daily
Is Change Finally Coming to West Park Shopping Center?

Source Daily

Play Episode Listen Later Apr 17, 2025 8:23


After years of stalled progress and out-of-state ownership, Mansfield’s long-troubled West Park Shopping Center is officially up for sale through a local broker. In this episode, we look at why city leaders are cautiously optimistic that this could be the first real step toward redevelopment, and what still stands in the way.Support the show: https://richlandsource.com/membersSee omnystudio.com/listener for privacy information.

Retail Leasing for Rockstars
5 Reports That Helps Run a Tighter Real Estate Operation | Episode 46: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Apr 11, 2025 7:39


Everyone talks about sales and rent, but what reports do top shopping center owners actually use to run their properties? In this episode, I share the five essential reports she relies on to manage everything from lease renewals to rent increases, refinancing, and even delinquencies.From sales performance to occupancy costs, rent rolls to renewal timelines - I break down how these reports help her stay ahead of tenant issues, maintain strong collections, and defend cap rates in a sale or refinance. If you're not reviewing these regularly, you might be flying blind.Key Insights:✔️ Sales reports help determine occupancy cost and support higher rents✔️ Rent rolls are the foundation—track options, increases, CAM, and more✔️ Expiration reports help plan ahead - but I prefer not to chase early renewals✔️ Delinquency reports on the 10th and 20th keep collections tight✔️ No grace periods - I hold even nationals accountable to paying on time

Retail Leasing for Rockstars
Too Much Info? Why Your Flyer Might Be Killing Your Deals | Episode 45: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Apr 4, 2025 6:25


When your shopping center flyer says “great for retail, office, medical, AND entertainment,” it might sound impressive - but it's probably why you're not leasing any space. In this episode, I break down why throwing the kitchen sink into your marketing is killing your results, and how getting focused can completely change the game.She shares a real story from a property owner struggling to lease space in a low-traffic, low-population area, and how his “everything to everyone” approach was confusing prospects. I give specific, actionable advice on how to reposition your marketing, what to fix on your flyer, and how to leverage local leasing success to your advantage.Key Insights:✔️ A “for lease AND for sale” flyer sends the wrong message to tenants✔️ Don't market medical space if you have poor parking or low visibility✔️ Separate brochures for separate tenant types = more focused results✔️ Prospects don't want to figure it out—they want to feel like the space is for them✔️ Find out who leased nearby spaces and connect with their brokers

Retail Leasing for Rockstars
Inheriting Leases? Why Old Lease Forms Cost You a Deal! | Episode 44: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Mar 28, 2025 7:32


When you buy a shopping center, you inherit leases - but should you actually keep using them? In this episode, I share why continuing with outdated lease forms can cost you money, flexibility, and leverage. Whether you're dealing with 40-year-old language, missing continuous operation clauses, or outdated assignment fees, I explain what to look for and why having your own modern lease form is non-negotiable.I also share stories from her own deals, the kinds of clauses that have evolved over time (think CPI increases and relocation costs), and why hiring the right attorney could save you from years of legal and operational headaches. If you're inheriting leases or planning to buy a center, this episode will give you the lease-level clarity most landlords overlook.Key Insights:✔️ Never assume the lease you inherit is good enough—create your own lease form✔️ Outdated leases often lack key protections like continuous operation clauses✔️ Assignment fees, late fees, CPI language, guarantees—all need modern updates✔️ Hire a real commercial lease attorney, not a residential closing lawyer✔️ If tenants want to renew and don't have options, you set the lease terms

The Feast Over Famine Podcast
S7 E8 - How a Colorado Church Revived a Shopping Center into an Oasis of Impact for Their Community.

The Feast Over Famine Podcast

Play Episode Listen Later Mar 26, 2025 48:34


In this episode, we sit down with Cam Kenyon to explore The Bridge, a bold social enterprise by Revive Church in Arvada, Colorado. Cam shares how this 115,000-square-foot shopping center was transformed into a thriving hub for purpose-driven organizations with the purpose of fostering the peace and prosperity of the Northwest Denver Metro Area. By forging strategic partnerships and focusing on community impact, The Bridge seamlessly blends church ministry with real-world solutions, providing resources and services to give people a hand-up and out of poverty - financial, relational, and spiritual.   To learn more, check out thebridgearvada.com/ Feast Over Famine does not provide legal, tax, accounting or other professional advice. You should consult professional advisors concerning the legal, tax, or accounting consequences of your activities. Feast Over Famine does not consult, advise, or assist with (i) the offer or sale of securities in any capital-raising transaction, or (ii) the direct or indirect promotion or maintenance of a market for any securities. Feast Over Famine does not engage in any activities for which an investment advisor's registration or license is required under the U.S. Investment Advisors Act of 1940, or under any other applicable federal or state law; or for which a “broker's” or “dealer's” registration or license is required under the U.S. Securities Exchange Act of 1934, or under any other applicable federal or state law.  

Retail Leasing for Rockstars
First Question to Ask Before Buying Any Shopping Center | Episode 43: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Mar 21, 2025 7:32


Everyone talks about getting a great deal - but what if the deal isn't as good as it looks on paper? In this episode, I break down why understanding supply and demand is the most important factor in evaluating shopping centers. It's not just about low prices or big upside - it's about who's around to shop there and how much competition already exists.I share real stories from the field, including why she turned down a massive consulting fee for a center with no population, and how she advises landlords on raising rents the smart way. If you're investing in retail or managing tenant renewals, this episode will shift the way you think about value, rent, and long-term upside.Key Insights:✔️ Don't chase cheap square footage—chase strong demand✔️ Low occupancy in the neighborhood? That's your red flag✔️ The best negotiation weapon: sales data, not fear✔️ Tenants with no better options won't walk over a $5 rent hike✔️ High income or high population—just pick a lane and understand it✔️ You can't lease to people who don't exist—look at the map

Retail Leasing for Rockstars
Huge Mistakes Shopping Center Owners Make Before Selling | Episode 42: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Mar 14, 2025 5:53


Thinking about selling your shopping center? Before you list it, there are critical mistakes that could turn off buyers, delay your sale, or even lower your property's value. Many sellers unknowingly make choices that seem beneficial in the short term—like locking in long-term tenant rent increases—but these decisions can actually reduce flexibility for buyers and make your property less attractive.In this episode, I share what smart shopping center buyers look for when evaluating a deal, and what you should fix before listing your property. I break down why fixed rent increases in tenant options can work against you, how long-term vendor contracts can complicate negotiations, and why open permits can stall or kill a sale. Key Insights from This Episode:✔️ Why giving tenants long-term fixed rent increases can hurt your sale price✔️ The biggest contract mistake that can turn off serious buyers✔️ How open permits can delay or ruin your shopping center sale✔️ Why month-to-month leases could be a deal-breaker for some buyers✔️ The right way to prepare your property before listing it for salePlanning to sell your shopping center? Drop your questions in the comments!

Real Estate Anonymous
$60M Shopping Center in Miami—Buy or Run?

Real Estate Anonymous

Play Episode Listen Later Mar 12, 2025 21:23


Let us know what you think about the showThis week, we're heading to Coral Gables, Miami, to check out a 92,000-square-foot retail center in one of the most prime locations imaginable. Is it a gold mine or a money pit? Plus, Erik shares insights from his Southeast real estate tour, and we take a fun detour into Airbnb chaos and why some investors might regret their choices.

The 21st Show
Illinois malls are emptying out; a new book looks at the role of shopping centers in our lives

The 21st Show

Play Episode Listen Later Mar 11, 2025


Retail Leasing for Rockstars
CAM Fees Out of Control? How to Fix Your CAMREC | Episode 41: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Mar 7, 2025 12:17


Owning a shopping center sounds great—until CAM reconciliation season hits. If you're feeling overwhelmed by surprise expenses, frustrated tenants, and unclear CAM charges, this episode is for you. I break down exactly how CAMRECs (Common Area Maintenance Reconciliations) work, why your tenants might be footing the bill for grocery stores and anchors, and how to protect your cash flow without shocking your tenants with massive invoices.Whether you're a new shopping center owner or just trying to get ahead of rising costs, Beth shares real strategies she's using right now to avoid $5,000+ surprises, handle tenant disputes, and keep her centers running profitably year after year.Key Insights:-Why local tenants often cover the costs anchors like grocery stores avoid-The three ways landlords handle CAM increases—and which works best-How to protect your cash flow and avoid massive CAM reconciliation bills-Why national tenants play games with CAM disputes (and how to handle them)-The overlooked mistake that can crush your shopping center's profits-How to use CAM estimates to smooth out costs and avoid blindsiding tenants-When to offer payment plans—and when to say no

Retail Leasing for Rockstars
Can't Lease Your Shopping Center Space? Here's What To | Episode 40: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Feb 28, 2025 7:06


Struggling to Lease? Top Tips on How Residential Agents Can Solve Your Commercial Vacancy ProblemAre you struggling to fill vacant spaces in your shopping center? I reveal a surprising leasing strategy you probably haven't tried—tapping into hungry residential brokers. Learn why commercial brokers might not always be your best bet, and discover how getting creative can fill those long-empty spaces faster. I share real-life insights on why hiring an eager residential broker could be the secret solution you've overlooked.Key Takeaways from this episode:- Why residential brokers can outperform commercial brokers for leasing your vacancies.- How to leverage hungry, motivated new agents to hustle and close deals quickly.- Practical tips on incentivizing brokers to fill your toughest vacancies.Have you tried using residential brokers before? Comment below and let us know your experience.

Where We Buy: Retail Real Estate with James Cook
Grocery-Anchored Shopping Centers with Essential Growth Properties - Where We Buy #325

Where We Buy: Retail Real Estate with James Cook

Play Episode Listen Later Feb 21, 2025 25:33


Nick Hodge is CEO of Essential Growth Properties. Nick shares insights from his extensive background in the supermarket industry and details Essential Growth's focus on acquiring, building, and operating grocery-anchored shopping centers nationwide. The discussion explores current investment opportunities in secondary and tertiary markets, the operational goals for Essential Growth, and the value of grocery-anchored centers in today's market. The conversation also touches on Nick's family history with Kroger, changes in the real estate industry over the past 15 years, and strategies for dealing with natural disasters. Naveen Jaggi is President of Retail Advisory Services at JLL. James Cook is the Director of Retail Research in the Americas for JLL.  Subscribe: Apple Podcasts | Spotify  Listen: WhereWeBuy.show  Email: jamesd.cook@jll.com  YouTube: http://everythingweknow.show/ Read more retail research here:  http://www.us.jll.com/retail Theme music is Run in the Night by The Good Lawdz, under Creative Commons license.  

Retail Leasing for Rockstars
How to Deal with Non-Paying Tenants | Episode 39: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Feb 21, 2025 4:10


Owning a shopping center comes with challenges - one of the biggest? Tenants who stop paying before their lease is up. In this episode of I Own a Shopping Center, Now What?, I break down real strategies to handle non-paying tenants without breaking the bank on legal fees.Key Takeaways from This Episode:- When to take legal action vs. when to cut your losses- How to leverage security deposits the right way- Using judgments & the Better Business Bureau to hold bad tenants accountable- The unexpected way past tenants might pay up—years laterIf you've dealt with this before or have questions, drop them in the comments! I might cover your issue in a future episode.

AP Audio Stories
Teenager detained after 2 killed in a knife attack at shopping center in Czech Republic

AP Audio Stories

Play Episode Listen Later Feb 20, 2025 0:28


AP correspondent Naeun Kim reports on a deadly stabbing attack at a shopping centre in the Czech Republic.

Retail Leasing for Rockstars
I Almost Signed a Lease… Until I Saw "We Buy Rats" | Episode 38: I Own a Shopping Center, Now What?

Retail Leasing for Rockstars

Play Episode Listen Later Feb 14, 2025 4:39


Not every tenant is the right fit for a shopping center, and sometimes, what looks like a great leasing opportunity can take a shocking turn. In this episode, I share a jaw-dropping story from my own real estate experience—one that completely changed my perspective on a deal.I was seriously considering leasing to a pet store tenant who, on paper, seemed perfect. But then I visited one of their existing locations… and right in the window was a massive sign that read: “We Buy Rats.” What I discovered next made me rethink the entire agreement.

Vanished Chicagoland Stories
Episode 406: My Memories Of The McDonaldland Commercials From The 1970s And The Roseland Plaza Shopping Center In Chicago.

Vanished Chicagoland Stories

Play Episode Listen Later Feb 8, 2025 29:26


Episode 406: I will discuss memories of The McDonaldland Commercials from the 1970s and The Roseland Plaza Shopping Center in Chicago.

Retail Leasing for Rockstars
"I Own a Shopping Center, Now What?" Podcast | Episode 37: Who Controls Your Shopping Center? You Do.

Retail Leasing for Rockstars

Play Episode Listen Later Feb 7, 2025 7:08


You Own the Shopping Center—You Make the Rules. As a shopping center owner, you have the authority to decide who leases space in your property. In this episode, I share a real-life experience with a tenant prospect who misrepresented their business and how I handled it. I discuss the importance of verifying tenants, visiting their existing locations, and standing firm against pressure from brokers or prospects trying to push a deal that doesn't align with your vision. Key highlights: Why you must visit a tenant's other locations before signing a lease How to handle brokers who try to pressure you into a deal The importance of lease clauses to protect your center Why you can say no to tenants that don't fit your vision No one can force you into a bad deal. You control your shopping center. Don't miss out on future episodes filled with more expert insights and practical advice. Subscribe to my channel now and be ready on owning a shopping center. #CommercialRealEstateInvesting #BethAzor #RealEstatePodcast

Retail Leasing for Rockstars
"I Own a Shopping Center, Now What?" Podcast | Episode 36: Rents Can Change for the Worse and for the Better!

Retail Leasing for Rockstars

Play Episode Listen Later Jan 31, 2025 4:55


Are you tracking market shifts, or are you falling behind? Rental rates change constantly, and if you're not staying on top of vacancies in your market, you could be pricing yourself out—or missing out on higher rents. I've seen landlords struggle to lease space simply because they didn't realise the market had shifted. A big anchor leaves, road construction impacts traffic, or vacancies spike—and suddenly, your pricing strategy no longer makes sense. On the flip side, if demand is high and vacancies are disappearing, you might be underpricing your space without even knowing it. That's why you can't rely on online sources alone. You need real-time data—whether that means driving the market, talking to brokers, or hiring someone to give you the latest insights. In this episode, I cover: Why rental rates aren't fixed How market shifts impact leasing strategies The problem with relying on outdated online data How to gather accurate vacancy information When to hold firm—and when to adjust incentives Listen now and make sure you're making the right moves for your shopping center! Don't miss out on future episodes filled with more expert insights and practical advice. Subscribe to my channel now and be ready on owning a shopping center. #CommercialRealEstateInvesting #BethAzor #RealEstatePodcast

#plugintodevin - Your Mark on the World with Devin Thorpe
Building Affordable Community-Centric Housing in Memphis: A Real Estate Developer's Vision

#plugintodevin - Your Mark on the World with Devin Thorpe

Play Episode Listen Later Jan 28, 2025 25:45


I'm not a financial advisor; Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions.Watch the show on television by downloading the e360tv channel app to your Roku, AppleTV or AmazonFireTV. You can also see it on YouTube.When you purchase an item, launch a campaign or create an investment account after clicking a link here, we may earn a fee. Engage to support our work.Has your business been impacted by the recent fires? Apply now for a chance to receive one of 10 free tickets to SuperCrowdLA on May 2nd and 3rd and gain the tools to rebuild and grow!Devin: What is your superpower?Scott: I love working on things that have an impact.Memphis, Tennessee, a city rich in culture yet facing persistent challenges, is seeing a transformative project rise in the Crosstown neighborhood. The Bellevue Montgomery project, led by Scott Kern, CEO of KPS Development Partners, is more than just another housing development. It's a bold attempt to create affordable, community-focused homes while offering residents an opportunity to invest in their neighborhood.The project's design departs from traditional apartment complexes, offering a “cottage court” style with 11 buildings and 23 units built around a shared courtyard. As Scott explained, “The idea is that…you park your car, and as you're walking to your front door, you're passing two-thirds of your neighbors. So it really is about creating a communal space.” This layout fosters a sense of belonging, transforming the development into a hub for community interaction.Bellevue Montgomery also addresses the critical need for affordable workforce housing. The units are priced for renters earning around 80% of the area median income (AMI), with rents for one-bedroom apartments set at $1,200—significantly below market rates. Scott emphasized the importance of this housing category: “It's what we call workforce housing…nurses, students, firemen, teachers, etc.”The project's innovative financing approach also sets it apart. Instead of relying solely on institutional investors, Scott and his team chose to raise capital through regulated investment crowdfunding. Hosted on the Small Change platform, this strategy allows community members to invest with as little as $1,000, democratizing access to real estate opportunities. As Scott put it, “The idea that you can open up a project to the community, the neighborhood, the city, the county…was really appealing to us.”The land itself, a former school site unused for over 50 years, symbolizes the revitalization of neglected spaces. With Bellevue Montgomery, Scott's team is not only filling a physical gap but also stitching together a neighborhood with diverse residents and stakeholders.Scott's vision for Bellevue Montgomery is more than bricks and mortar; it's a blueprint for impact. “We're very keen on doing this within city limits…and providing value from the project we created,” he said. His commitment to community-driven development exemplifies how real estate can address societal needs while creating economic opportunity.Learn more about the Bellevue Montgomery project and how you can support it at Small Change.tl;dr:* Scott Kern's Bellevue Montgomery project transforms neglected land into affordable, community-focused housing in Memphis.* The development prioritizes workforce housing for teachers, nurses, and first responders, filling a crucial gap.* A courtyard design fosters community interaction, promoting a neighborly atmosphere among residents.* Regulated investment crowdfunding enables community members to invest, democratizing access to real estate projects.* Scott's superpower, creating impactful developments, drives his mission to improve cities and lives.How to Develop Creating Impactful Real Estate Projects As a SuperpowerScott's superpower lies in leveraging real estate development to make a meaningful difference in communities. As he shared, “I want to have an impact…by filling up a vacant lot or providing an affordable product…making cities better.” His focus on thoughtful, high-quality projects demonstrates how real estate can transform neighborhoods and improve lives. By ensuring his work aligns with community needs, Scott creates developments that generate pride and lasting value.When forming KPS Development Partners, Scott faced a pivotal decision: pursue easy, profitable retail developments or focus on impactful projects. Rejecting the path of least resistance, he and his partners chose to prioritize community-enhancing developments like Bellevue Montgomery. As Scott explained, “At the end of the day, I didn't want to pour my energy into [projects] when we could be pouring our energy into something that would…have a much more profound impact.”Actionable Tips for Developing This Superpower:* Align your work with values that prioritize community impact over personal gain.* Surround yourself with organizations and individuals committed to doing good.* Participate in nonprofit and community initiatives to stay connected with local needs.* Use your talents to support causes beyond your professional scope.By following Scott's example and advice, you can make creating impactful real estate projects a skill. With practice and effort, you could make it a superpower that enables you to do more good in the world.Remember, however, that research into success suggests that building on your own superpowers is more important than creating new ones or overcoming weaknesses. You do you!Guest ProfileScott Kern (he/him):CEO, KPS Development PartnersAbout KPS Development Partners: A Memphis-based commercial real estate developer focused on mixed-use and multifamily urban infill development projects.Website: kpsdev.com/Company Facebook Page: https://www.facebook.com/profile.php?id=61566058483737Other URL: smallchange.co/projects/bellevue-montgomeryBiographical Information: Scott Kern started his career working as a development intern for LendLease/ERE Yarmouth on the 1997 redevelopment of Fashion Valley Mall in San Diego, CA. Since then, he has spent the last 23 years working in the retail and mixed-use development industry, most recently as the Sr. Vice President of Development and COO of Poag Shopping Center. In 2019, Mr. Kern launched KRN Development, LLC, a full-service commercial real estate development company. In 2022, KPS Development Partners was launched as a new joint venture between Scott Kern, Josh Poag, and David Selberg. Mr. Kern earned a Bachelor of Arts in Environmental Design from San Diego State University. He is a member of the International Council of Shopping Centers and the Urban Land Institute. Additionally, he has served on the board of Baja Bound Ministries since 2018. Baja Bound is a non-profit organization that builds homes for the working poor in Baja, California.Linkedin: linkedin.com/in/scott-kern-1b0899a/Instagram Handle: kps_developmentSupport Our SponsorsOur generous sponsors make our work possible, serving impact investors, social entrepreneurs, community builders and diverse founders. Today's advertisers include FundingHope, Bellevue Montgomery, Solvari and Crowdfunding Made Simple. Learn more about advertising with us here.Max-Impact MembersThe following Max-Impact Members provide valuable financial support:Carol Fineagan, Independent Consultant | Lory Moore, Lory Moore Law | Marcia Brinton, High Desert Gear | Paul Lovejoy, Stakeholder Enterprise | Pearl Wright, Global Changemaker | Ralf Mandt, Next Pitch | Scott Thorpe, Philanthropist | Add Your Name HereUpcoming SuperCrowd Event CalendarIf a location is not noted, the events below are virtual.* Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on February 18, 2024, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, become an Impact Member of the SuperCrowd.* SuperCrowdHour, February 19, 2025, at 1:00 PM Eastern. Devin Thorpe will be leading a session on "Calculating Your Funding Needs," providing essential guidance for entrepreneurs and impact-driven businesses to determine the right amount to raise for sustainable growth. Whether you're preparing for your first crowdfunding campaign or planning to scale, this is a must-attend! Don't miss it!* SuperCrowdLA: we're going to be live in Santa Monica, California, May 1-3. Plan to join us for a major, in-person event focused on scaling impact. Sponsored by Digital Niche Agency, ProActive Real Estate and others. This will be a can't-miss event. Has your business been impacted by the recent fires? Apply now for a chance to receive one of 10 free tickets to SuperCrowdLA on May 2nd and 3rd and gain the tools to rebuild and grow!Community Event Calendar* Successful Funding with Karl Dakin, Tuesdays at 10:00 AM ET - Click on Events* Community Capital Live, Bernel Hall, New Jersey Community Capital, January 29, 2:00 PM Eastern.* Igniting Community Capital to Build Outdoor Recreation Communities, Crowdfund Better, Thursdays, March 20 & 27, April 3 & 10, 2025, at 1:00 PM ET.* NC3 Changing the Paradigm: Mobilizing Community Investment Funds, March 7, 2025* Asheville Neighborhood Economics, April 1-2, 2-25.* Regulated Investment Crowdfunding Summit 2025, Crowdfunding Professional Association, Washington DC, October 21-22, 2025.If you would like to submit an event for us to share with the 8,000+ members of the SuperCrowd, click here.We use AI to help us write compelling recaps of each episode. Get full access to Superpowers for Good at www.superpowers4good.com/subscribe

Retail Leasing for Rockstars
"I Own a Shopping Center, Now What?" Podcast | Episode 35: Respect the Brokerage Community

Retail Leasing for Rockstars

Play Episode Listen Later Jan 24, 2025 11:38


How do you fill vacancies in your shopping centers? In this episode of "I Own A Shopping Center. Now What?", I dive deep into strategies for leasing vacant spaces in newly acquired properties. Whether you're a new investor with one property or managing multiple centers, these tips will help you make informed decisions and set yourself up for success. We talk about why it's crucial to get into the market yourself, the importance of understanding local dynamics, and the steps you should take during your due diligence process. I also share insights on hiring strategies, from in-house leasing agents to brokers, and why respect for the brokerage industry is non-negotiable. Here's a quick breakdown of key topics: The power of spending time in the market (3:00) Why mixed demographics can complicate leasing (15:20) How to hire the right leasing agent or broker (25:40) Rethinking your approach to broker relationships (35:15) If you're navigating vacancies or planning your next acquisition, this episode is packed with actionable advice to help you avoid common pitfalls. Give it a listen, and don't forget to share your thoughts!

Cash Flow Connections - Real Estate Podcast
15% Cap Rates In Shopping Centers - E1002 - CFC

Cash Flow Connections - Real Estate Podcast

Play Episode Listen Later Jan 23, 2025 27:57


While everyone else was avoiding retail real estate… The smartest operators were buying shopping centers at incredible prices and turning them into cash flow machines. Today I interviewed Manish Poushey, who has done exactly that… He built an incredible portfolio of retail properties in Phoenix by seeing value where others saw risk. In 2014, he bought a flex warehouse plaza for $750k that's now worth over $3M…and it's still producing 14-15% cap rates on triple net leases. Listen in as he shares how he continues finding these opportunities in today's market. Manish owns six liquor stores and multiple retail properties across Phoenix, all within a 30-40 mile radius of his house. In today's episode, we break down: How his warehouse plaza has quadrupled in value since 2014 Why he's getting $21,000/month in triple net rent on his shopping center The creative way he finances liquor store acquisitions with zero money down Why staying focused on one market beats nationwide expansion Plus, he explains why retail assets still offer incredible opportunities in 2024…  If you want to learn how successful operators find value in any market…  Tune in to the episode now. Take Control, Hunter Thompson Resources mentioned in the episode: Manish Pusheye Website LinkedIn Interested in learning how to take your capital raising game to the next level? Meet us at Capital Raiser's Edge. Learn more here: https://raisingcapital.com/cre

Retail Leasing for Rockstars
"I Own a Shopping Center, Now What?" Podcast | Episode 34: Steps to Repositioning a Shopping Center

Retail Leasing for Rockstars

Play Episode Listen Later Jan 17, 2025 7:55


What does it take to reposition a shopping center? In Episode 34 of "I Own A Shopping Center. Now What?", I explore the steps to transform a shopping center and unlock its full potential. From identifying the reasons for change to creating a tenant mix that drives traffic, this episode is packed with actionable insights. Key highlights include: Identifying reasons for repositioning, like maintenance or leasing issues Balancing cosmetic updates with structural improvements Developing tenant strategies to align with goals Refreshing the property with a new name or branding Hosting events to engage the community and boost traffic Attracting tenants that drive activity and benefit all If you're ready to elevate your property, this episode is for you. Tune in and share your thoughts! Don't miss out on future episodes filled with more expert insights and practical advice. Subscribe to my channel now and be ready on owning a shopping center. #CommercialRealEstateInvesting #BethAzor #RealEstatePodcast

Retail Leasing for Rockstars
"I Own a Shopping Center, Now What?" Podcast | Episode 33: How Much Vacancy Should Each Agent be Assigned to Lease?

Retail Leasing for Rockstars

Play Episode Listen Later Jan 10, 2025 8:09


How much vacancy should a leasing agent handle? In Episode 33 of I Own A Shopping Center. Now What?, I tackle the critical question of how much vacancy a leasing agent can effectively manage. Drawing from years of experience running leasing teams, I explain why focusing on vacancies rather than the number of properties is essential for maximizing performance and growing rents. Key highlights from this episode: Why vacancy per agent matters more than the number of properties they manage Questions to ask third-party agents during interviews Strategies for distributing vacancies within a team Real-world examples of effective leasing workloads Whether you're handling leasing in-house or working with a third party, this episode is packed with actionable insights to help you optimize your leasing strategy. Don't miss out on future episodes filled with more expert insights and practical advice. Subscribe to my channel now and be ready on owning a shopping center. #CommercialRealEstateInvesting #BethAzor #RealEstatePodcast

Can I Getta Amen
268: LIVE from The South College Shopping Center-A Bonus Holiday Episode

Can I Getta Amen

Play Episode Listen Later Dec 6, 2024 51:53


We were privileged to spend a beautiful Saturday outside of Acadian Religious for a day of shopping, podcasting, and community!—complete with Santa Sleigh Rides and the lighting of The South College Center Christmas Tree!Enjoy this bonus episode with interviews from Bud and Anndrea Guilbeau, Art and Riley Garrett, and Jenna Ibieta. Come out to Christmas at Coteau this weekend to shop with us at The Light Project along with some of our favorite holy retailers—Emily S. Pitre Art, Bee Still Design, Crossroads Collective, and so many more!Join us for a Morning of Reflection with Mrs. Robin Hebert!Dec 14, 2024, 8:00 AM – 12:00 PMSt. Mary's Church, Founders Hall, 419 Doucet Rd, Lafayette, LA 70503The welcoming spirit of the Visitation offers a fitting preparation to receive Mary more fully into our hearts. Get your tickets at https://www.wearethelightproject.org/events-1......✝️ Reflection of the WeekWhat are your favorite Advent and Christmas traditions and memories?