Palm Springs, California, is experiencing an economic revitalization; however, this retail revitalization may be under threat, with “retail, recreation and entertainment, and food services” being most at risk.
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Christopher W. Hasbrouck
A Unique Situation for a Unique Asset
Posted in Real Estate
A mall located in West Los Angeles has been put up for sale by its owner, Santa Monica-based REIT Macerich Co. Although the mall is facing many of the same systemic pressures that other malls are facing nationwide, those are not the only reasons the mall is up for sale.
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Santa Barbara City Council Strikes Back Against Retail Malaise
Posted in Real Estate
Recently, the Santa Barbara City Council, in an effort to combat the retail malaise on State Street in Downtown Santa Barbara, has approved a pilot program that would streamline the permit and review process for potential commercial tenants. …
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In Maui County, It’s Five O’Clock Around the Clock
Posted in Real Estate
The Maui County Liquor Control Commission, which regulates licenses for the importation, manufacture and sale of alcohol within Maui County, has liberalized certain County rules on the sale of alcohol: holders of liquor licenses are now generally permitted to sell alcohol to customers 24 hours per day. Retailers had previously been restricted to selling alcohol during the hours of 6:00 a.m. to 11:00 p.m., while hotels were permitted to serve until 4:00 a.m. Under the new rules, both are subject to the same standards.
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Tales from Zara: Exchange Rate Allegations
Posted in Advertising & Marketing, Class Action
Zara USA, Inc., the popular European-based fashion retailer which boasts several celebrity clientele, has been targeted in a class action complaint filed in federal court, accused of allegedly carrying out a systematic “bait-and-switch” overpricing scheme. …
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Driverless Cars and Driverless Spaces: The Future of Retail
Posted in Real Estate, Technology & E-Commerce
A world of driverless, or autonomous, cars is much closer than we may think. According to numerous automobile industry experts, driverless cars will be in use and on the roads within the next 10 years, and will leave an indelible mark on retail real estate development.
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The Pitfalls of Subterranean Parking for a Retail Development
Posted in Real Estate
Prospective buyers of retail development face a plethora of issues when negotiating a potential purchase; Southern California buyers are also confronting issues related to the availability of parking. What are the pitfalls of subterranean parking? …
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