As the largest retail real estate event on the east coast, ICSC New York Deal Making had nearly 10,000 retail professionals from all corners of the US and even some from across the pond, flocking to the Big Apple for the week of December 3rd. This year’s keynote address featured Doug Stephens, founder of Retail Prophet and 20-year veteran of the retail industry.
Also new to their program was “Retail in Focus,” featuring many emerging brands that started out as digitally-native and are now in the various stages of opening strategic physical locations in line with the brands they’ve cultivated on the internet, and where their audience is located.
Our Fernando Toro had the opportunity to sit down and discuss the state of retail in Puerto Rico. Please, see video.
C&W|PCC continues to be a part in the development of the commercial district of Puerta de Tierra area, and with the year end sale of 266 Ponce de León commercial building will bring new opportunity of businesses to the already established tenants, and will bring additional support to the growth of our local economy. If you are looking for a commercial property like this, visit here.
Following the wrath of Hurricane Maria Puerto Rico’s food bank, Banco de Alimentos, decided that it needed a larger more secure facility to store food for the Island’s neediest. Cushman & Wakefield|Property Concepts Commercial is proud to have assisted Banco de Alimentos in its search, identification and purchase of a larger and accessible facility to accommodate its needs and future growth. With the assistance of Unidos for Puerto Rico, Fundacion Angel Ramos and various other charitable organizations this transaction was completed.
San Juan, Puerto Rico – Cushman & Wakefield|Property Concepts Commercial advised the buyer in its purchase of City View Plaza, a 347,816 square foot Class A office complex in the heart of San Juan metropolitan area.
“City View Plaza stands in a class by itself in Puerto Rico with the most robust offering for tenants in terms of systems, parking, finishes, amenities, access, location and appeal” C&W|PCC’s Fernando Toro stated.
Cushman & Wakefield|Propety Concepts Commercial is proud to announce that we represent Dave & Buster’s at the opening of their first Puerto Rico location in Plaza del Sol in Bayamón on Monday, January 15, 2018. The restaurant and entertainment center has approximately 40,000 square-feet of arcade games, ultimate sports viewing, food and drink offerings under one roof.
Cushman & Wakefield|Property Concepts Commercialwishes the safety of all our subscribers and clients following the passing of Hurricane Maria. The team and their families have been reported safe and the office is equipped to resume operations at our regular office hours from 8:30 AM to 6:00 PM. For property inquiries, follow ups, pending negotiations or to solicit our services you may contact us at the following directory:
Craft brewing is not new. Locally or regionally produced beers with a limited distribution have had a following for quite a while. But over the last decade craft brews have experienced a meteoric increase in popularity. According to the Brewers Association, the number of craft breweries in the U.S. has more than tripled over the last 10 years. This explosion of growth has manifested itself in many forms and formats—from small, artisanal beer-tasting rooms to fully functioning large-scale industrial brewing facilities.
Thirsty for more information? Grab a pint and click below to explore the Craft Brewing Revolution with Cushman & Wakefield.
View the Cool Streets: Craft Brews Edition Video on Cincinnati — OUT NOW!
Joining Cushman & Wakefield in the Cool Streets movement is this recent lease: a pastry/coffee shop concept mixed with a clothing boutique.
The Cool Streets movement seeks to connect with the rising millennial consumer population that’s being driven by dramatic demographic shifts and the preference for urban living. This pastry/clothing shop saw itself in the property that’s so aptly located in one of Puerto Rico’s hottest, unconventional, rising urban retail markets.
Calle Loíza stretches between the tourist hubs of Condado and Isla Verde. The neighborhood has seen an important number of new developments that have injected back vibrancy into this well-known sector of San Juan.
Fairy Cakes is expected to commence operating between April-May.
Added to the recent activity is this 12,659 SF three story, reinforced, concrete building with a small warehouse, a courtyard and 9 parking stalls. There’s a very positive projection for this closing year, and potential buyers are seeing the opportunity in different markets. This property’s highly accessible and centric location in the ever-growing Santurce Ward is just steps away from schools, banks, dense residential areas, and high traffic commercial districts.
If this property is of your interest, here’s a list of similar listings still available: