New owner of Westgate Mall in Bethlehem: We plan on 'revitalizing this well-located retail center'

New owner of Westgate Mall in Bethlehem: We plan on 'revitalizing this well-located retail center'

"It is interesting to see what potential C malls might have in the future," says Jeff Green, partner at Hoffman Strategy Group. "Many times the highest and best use of such a property is no longer retail." Jeff spoke with The Morning Call about the new owner of a small, formerly Bon-Ton anchored mall, Westgate Mall, in Bethlehem, PA.

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How Sears’ Bankruptcy Filing Will Influence Retail

How Sears’ Bankruptcy Filing Will Influence Retail

Jeff Green, partner at Hoffman Strategy Group, spoke with Commercial Property Executive about how Sears’ bankruptcy filing will influence retail. “B malls will likely look at repurposing the Sears spaces with entertainment uses - health clubs, theaters and perhaps restaurants - as well as non-retail uses that might include residential, senior living, hotel, office, medical and educational uses,” says Green.

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Market Factors that Must be Considered in Student Housing and Mixed-Use Developments

Market Factors that Must be Considered in Student Housing and Mixed-Use Developments

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.

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Elyria Courtyard Marriott to Open in August

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.

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Asking the Right Questions for Retail Answers

Asking the Right Questions for Retail Answers

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.

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Life without Bon-Ton: Disaster or opportunity for Lehigh Valley malls?

Life without Bon-Ton: Disaster or opportunity for Lehigh Valley malls?

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.

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AZ Business Leaders: Hoffman Strategy Group Adds Partners

AZ Business Leaders: Hoffman Strategy Group Adds Partners

Hoffman Strategy Group, a premier national commercial real estate advisory firm, announced today that retail and retail real estate industry veterans Dan Sheridan and Jeff Green have become Partners of the firm. Sheridan is based in Newport Beach, California with Green being located in Phoenix, Arizona. 

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