Research & News

There have been many changes to the retail real estate market cause by Covid-19 but recently, leasing activity is slowly starting to pick up after months of challenges. Richard Rizika said “the deals that are getting done are as close to the lease rates as we’ve had pre-pandemic. The major difference that we are seeing is a lot of the incentives that are being provided to make those deals at those pre-Covid rates.”

To read the full article, visit: https://labusinessjournal.com/news/2020/nov/30/retail-real-estate-market-shows-some-life-after-mo/

Long Beach-based Sunstone Management Inc. has made significant strides focusing on small businesses, lower-middle markets, and, lately, opportunity zones.Within opportunity zones, Sunstone is first focusing on ghost kitchens. Jake Radeski said throughout the Covid-19 pandemic, “ghost kitchens have continued to gain steam. We see that through the increase of virtual brands and brands pivoting to virtual kitchens.”He adds that while many of the same players are developing ghost kitchens now, there are some new players.“Ghost kitchens continue to pick up speed and have been a real bright spot for a lot of landlords right now,” Radeski said.Sunstone is working on its first ghost kitchen in a former off building in downtown Long Beach which John Shen is calling a “ghost kitchen 2.0.”Read the full article here: https://labusinessjournal.com/news/2020/nov/09/fastest-growing-sunstone-invests-opportunity-zones/

The Beta Design Studio recently won a Gold Award at the 16th annual Davey Awards in the Corporate Identity – Brand Identity category for The Enclave. With nearly 2,000 entries from across the U.S. and around the world, the Davey Awards honors the finest creative work from the best small shops, firms, and companies worldwide. The Enclave features two nine-story Class “A” office towers located on a 12-acre site. The owner, The Ruth Group, has transformed underutilized space between the offices into a premier lifestyle destination. The Enclave will introduce a curated collection of food and beverage establishments set within an inviting outdoor setting with tree lined walkways and activated amenities thoughtfully placed throughout.

‍Click here to view the full Davey Award entry for The Enclave.