Research & News

Beta Agency announces two new leases at the renowned Los Angeles project, 8000 Sunset, with Exer Urgent Care and Cave Café. The new Exer Urgent Care will be 4,357 SF where their board certified ER doctors will provide excellent service to those in need. Cave Café took a 2,571 SF restaurant space that will feature an outdoor patio for open-air dining. The two brands will contribute to the assorted merchandising mix at the high-performing center located at the intersection of Sunset Blvd and Crescent Heights Blvd. Senior Account Manager James Keefe along with Partner & Co-Founder Mitchell Hernandez Beta Agency represented the landlord, Weingarten, and Brent Cunningham & Scott Siegel of Highland Partners represented Exer Urgent Care and Brandon Cohan and Evan Clark of CBRE represented Cave Café.Click here for more information about 8000 Sunset.

International footwear, apparel, and accessories retailer Famous Footwear will soon be opening at Delano Marketplace in Delano, CA. The 4,945 SF end-cap location is a previously unbuilt space that is adjacent to Rue-21. Famous Footwear is part of Caleres Inc., a diverse portfolio of global footwear brands (Sam Edelman, Allen Edmonds, Naturalizer etc). The tenant was represented by Matthew Lux of Beta and the landlord DMP 1a Limited Partnership was represented by Stacy Burt of Cushman & Wakefield along with Kari Sturgeon and Josh Sherley of Pacific Commercial Realty Advisors.

Richard Rizika was recently interviewed by Andrew Wetzler discussing the future of retail as it relates to retailers embracing an omnichannel approach to lead the way. Richard Rizika says "There are many examples of retailers that have pivoted effectively to Digital during the pandemic. Several big box retailers have recognized that “brick and mortar” has a competitive advantage when used as fulfillment centers. Best Buy is one example. When stores were forced to close under “Stay At Home Government Ordinances”, Best Buy serviced customers by engaging with customers online and implementing a “click and collect” model at each of their stores. Rather than becoming a victim, Best Buy used its resources and created a turnaround strategy that included matching Amazon on price and speed of delivery and leveraging its physical stores to meet customer demand. They controlled the customer experience while customers flocked to the internet to purchase electronics for their “new home office” while other online and physical retailers were caught flat footed".

To read the full article, visit: https://www.morevisibility.com/resources/newsletter/2020/september/article/retailers-embracing-an-omnichannel-approach-are-leading-the-way/