Commercial Asset Preservation is seeking a National Sales Executive. The National Sales Executive is responsible for creating new business opportunities for Commercial Asset Preservation (CAP). We are seeking a motivated professional to help us continue to grow our presence in the commercial real estate maintenance industry throughout North America. Responsibilities Identifies business opportunities by locating […]
Reprinted from Shopping Center Business New York City — The national retail vacancy rate fell 10 basis points to 10.1 percent in the second quarter, according to New York City-based commercial real estate data firm Reis. This is the first time in which vacancy has declined since the first quarter of 2016. For context, in the […]
Adaptive reuse is the process of reusing an old property site or building for a purpose other than the use it was originally built or designed to accommodate. At Commercial Asset Preservation (CAP), we are experienced in preserving commercial properties so that adaptive reuse can occur at properties anywhere in the U.S. and Canada. Learn […]
At Commercial Asset Preservation (CAP), we understand that commercial property owners and retailers wear many hats! Some of the many priorities they juggle include operating their daily business and managing finances and personnel. Of equal importance is the physical appearance of their properties. Are the properties inviting to the consumer, the tenant and city officials? […]
Reprinted from WTHR COLUMBUS, Ind. (WTHR) – Even with a strong start to the holiday shopping season, brick-and-mortar shopping malls are struggling. In fact, America’s malls haven’t been this empty in years, with tenants vacating store after store. That includes Fair Oaks Mall in Columbus. But the city has a unique plan to transform the […]
Reprinted from BisNow Coast to coast, bustling retail meccas used to embody a decidedly American pastime: shop till you drop. But empty storefronts across the U.S. have cropped up in places that go far beyond the “retail apocalypse” that has battered suburban malls — and some municipalities are fed up. From retail corridors nestled in […]
Reprinted from The New York Times ALEXANDRIA, Va. — Karleen Smith used to work at the Macy’s in Landmark Mall, putting price tags on summer dresses, housewares and the latest styles of shoes. On Saturday, Ms. Smith, 57, returned to her former store, not as an employer or a customer, but as a resident. The […]
One Boston politician is tired of seeing vacancy signs in even the city’s poshest neighborhoods. Boston City Councilor Matt O’Malley announced Monday he will introduce an order for a hearing at Wednesday’s Boston City Council meeting to address vacant properties throughout the city. The move comes in response to empty storefronts in high-demand business districts like Back Bay […]
Reprinted from ThanMerrill.com Commercial redevelopment has become synonymous with the most lucrative exit strategies known to investors. While their commitment is more than that of the average residential project, the returns can be much more impressive. It’s worth noting, however, that returns extend far beyond padding your bottom line. The right commercial redevelopment project can […]
Reprinted from Shopping Centers Today For three decades the once-grand former department store stood empty. But a team of developers has restored and converted the 400,000-square-foot Hahne & Co. building, in downtown Newark, N.J., into a mixed-use project with the city’s first Whole Foods store and 75,000 additional square feet for retail. The renovated building also features […]