The store closures continue. Payless announced late last week the closure of all 2,100 of its US stores. Jeff Green of Hoffman Strategy Group spoke with Real Estate Business online about the reasons for their demise in this article.Read More
Are outlet centers losing some of their appeal? Jeff Green, partner with Hoffman Strategy Group, points out why the outlet center sector “appears to be plateauing” in this National Real Estate Investor article.Read More
Student housing developers know students and what drives students and their parents to make housing decisions. “To create a genuine mixed-use place in a university setting, however, developers must fully understand the broader market,” says Dan Sheridan, partner with Hoffman Strategy Group. Without this understanding and knowledge, a mixed-use project can become a mixed-up project.Read More
“Rent-A-Center had unfortunately become an anchor for Class B and C centers, and not the kind of tenant featured in major power centers,” Jeff Green says. “For property owners of these centers, Rent-A-Center’s closures may be an especially big hit.”Read More
In 2016, Mayor Holly Brinda commissioned Jeff Green, head of Jeff Green Partners, and the Hoffman Strategy Group to assess and create a redevelopment plan and conceptual site design for Midway Mall that could serve as a tool for development and a selling point to anyone willing to invest in the mall’s potential.
In the plan, Jerry Hoffman said the market needs another hotel — possibly an 80-room or similar-sized upper- to midscale brand hotel by 2020.Read More
“Traditional sit down restaurants, fast casual uses, food halls, now cinemas with expanded and elevated F&B, etc., all, to some extent, compete for the same customer,” says Dan Sheridan, partner with Hoffman Strategy Group. “Are landlords and developers planning for this?,” he asks.Read More
Jeff Green, partner with Hoffman Strategy Group, says that e-commerce is not at all the biggest reason for the retailer's struggle. The chain now only has two Sears stores in the region - at Chesterfield Towne Center and Virginia Center Commons in Henrico.Read More
“This is more about acquiring talent than it is acquiring a business. RKF has some of the top retail brokers in the country and is certainly number one in the greater New York City market,” Jeff Green told Commercial Property Executive.Read More
According to retail expert Jeff Green, mom-and-pop electrical shops such as Hero are nearly extinct and the Hellertown shop deserves kudos for “providing something you couldn’t get at the big-box retailer.”Read More
As SoCal Real Estate recently reported, industry veteran Dan Sheridan has become a partner with commercial real estate advisory firm Hoffman Strategy Group, based in the firm’s Newport Beach, California, office. Sheridan, previously president of the Retail Properties Division for The Irvine Company, has more than 20 years of retail real estate experience including serving as COO of Centennial Real Estate and EVP of asset management with General Growth Properties.
We caught up with Sheridan for a chat about his reasons for joining Hoffman Strategy Group, the challenges faced for Southern California’s retail sector, and what the future looks like for both.Read More
Jeff Green notes that department store spaces could be used for medical purposes or redeveloped into apartments or a limited-service hotel, lodging that would benefit mall restaurants. In yet another use, rumors have reportedly grown recently that the operators of Parx Casino in Bucks County are looking at a shuttered Bon-Ton store in Cumberland County for its planned mini-casino.Read More