Research & News

Richard Rizika, Partner & Co-Founder of Beta, recently spoke to National Real Estate Investor about the spike in power center investments. In spite of the current retail real estate climate there has been a 30.4 percent increase in the first quarter of 2019 for investment sales involving power centers.

He notes that “there’s increased institutional capital that is chasing after these power centers.”

To read the full article, visit: https://www.nreionline.com/retail/investment-power-centers-spikes-spite-troubles-larger-retail-sector

Paseo Nuevo has started renovations to update and revitalize the center. Plans include a reimagined Center Court embracing community, culture and commerce, enhanced landscaping and lighting, and fresh gathering spots with water and fire features.

The $20 million renovation by Pacific Retail Capital Partners will include four distinct districts. Each district will have a unique retail experience that will be weaved together with a curated collection of stores, restaurants and amenities supported by an experiential marketing campaign.

For leasing information, check out our project page for Paseo Nuevo or contact one of the Beta leasing team.

Mitchell Hernandez | Matthew Lux | Jennifer Meade | Richard Rizika

For more information about the renovation, head over to the full article here: https://www.icsc.org/news-and-views/icsc-exchange/a-classic-reinvented-20-million-renovation-underway-at-paseo-nuevo-in-santa

Xan Saks, Partner & Co-Founder of Beta, will be speaking at RENTV's 4th Annual Greater Los Angeles Development Summit on Thursday June 13, 2019. Xan will be alongside industry experts that are involved with major commercial real estate projects in the Greater LA area. They will be discussing topics such as what, where and how projects are being built along with how much it costs to build and how projects are financed.Xan is an expert in Southern California real estate, and a lifelong resident. He has facilitated numerous high-profile development projects throughout the region, including Midtown Crossing—a 300,000-SF urban power center in West Los Angeles. Xan has worked with many institutional owners throughout his career including Brookfield, CIM Group, and Westfield, among others.To learn more about the event, please visit: http://events.r20.constantcontact.com/register/event?oeidk=a07egam3wrob81980f3&llr=fzkplkcab&showPage=true