GlobeSt.com – In all, 630 companies declared bankruptcy during the year…“Many of the bankruptcies and store closures will be in the categories that were already in decline, such as department stores and apparel, but will also temporarily affect service and entertainment categories such as sit-down restaurants, fitness, and group entertainment venues.” Read the Full Feature.
GlobeSt.com – Bankruptcies and store closures will hit department stores and apparel retailers, but service and entertainment retailers won’t be exempt…“There will be continued retail bankruptcies and store closures in 2021,” Alex Zikakis, president and founder of Capstone Advisors, tells GlobeSt.com. Read the Full Feature.
GlobeSt.com – The investor remained adaptable focused on retaining and renewing existing tenants as well as attracting new tenants. Capstone Advisors has managed to maintain strong leasing activity in its retail portfolio this year, despite business closures and stay-at-home restrictions during the pandemic… Read the Full Feature.
Western Real Estate Business – The last eight months have been challenging for property owners trying to attract and retain tenants, but leasing success is possible right now. The first step to achieving this is to maintain a diverse portfolio, which may include retail, industrial and office. Retaining and renewing existing tenants should always be a priority, as should attracting new tenants that have businesses performing well during the pandemic…Read the Full Feature.
GlobeSt.com – COVID-19 is an unusual virus. For some, symptoms are mild or even non-existent and for others, it is deadly. The pandemic has hit retailers in a similar way. This year has brought massive retail bankruptcy announcements and closers along with success stories. While daily needs retailers, like grocery stores and pharmacies are the most obvious beneficiaries of the pandemic, but other retailers have managed to find solutions too.
“Capstone, however, doesn’t see the pandemic eliminating retail, and some of the shopping trends during the pandemic have supported that. “We are big believers in the necessity of physical retailers,” says Zikakis…Read the Full Feature.
San Diego Daily Transcript – Most retailers have been hit hard by the pandemic, but the president and founder of Capstone Advisors said the story is a very uneven one. Some tenants, by the nature of their business, have had a very hard time due to the restrictions imposed to help stop the spread of the coronavirus.
“Examples are gyms and personal fitness studios, nail salons, and large format indoor restaurants,” said Alex Zikakis, who responded to a series of email questions about the state of retail and other asset classes…..Read the Full Feature.
Propmodo – The world has been upended by an adaptation. A rare virus has adapted in a way that allowed it to attach itself to a new victim, humans.
Through all this adversity, retailers have started a symbiotic relationship with their landlords. I spoke with one of the landlords who has adopted a uniquely collaborative approach to his relationship with tenants. Alex Zikakis is CEO and President of the real estate investment and development company Capstone Advisors. He came into the real estate industry during the savings and loan crisis in the 90s. He saw how bad things could get when commercial property defaults happen en masse…Read the Full Feature
San Diego Daily Transcript – The current environment is challenging for retail tenants and landlords alike. Realizing its interests as a landlord are similar to its tenants, San Diego-based Capstone Advisors has teamed up with retail and restaurant consultant Angel Cicerone to help tenants navigate their way through the pandemic.
Capstone Advisors hired Cicerone, founder and president of New York City-based Tenant Mentorship, to mentor its tenants using her business support program called PowerTrain. The program provides education and recommendations that help tenants create holistic and sustainable success all while navigating the pandemic’s ever-changing landscape….Read the Full Feature.
SharpLaunch – In the era of social and physical distancing, 3D virtual tours are becoming more prevalent to help aid during the sell/lease decision making process for commercial properties. Virtual tours are digital recreations of a physical space, be it an office, retail space or industrial warehouse, that allow leads to get a sense of a property before spending time to tour it in person. See Capstone Advisors’ La Jolla office property, The Ivanhoe, featured as an example of integrating Matterport virtual technology online in SharpLaunch’s feature…Read More Here
Commercial Property Executive – With so many measures aimed at slowing the spread of the novel coronavirus—such as social distancing, shelter-in-place orders and travel restrictions—the retail sector is going through its toughest period since the Great Recession. Several mall owners shuttered their properties a month ago and the financial impact on retail tenants “has been devastating,” according to Capstone Advisors Founder & President Alex Zikakis.
He has been in the retail business for almost 25 years, overseeing a full range of real estate services for enclosed regional malls, open air malls, neighborhood and community centers. In the interview below, he shares his insights on what it takes to cope with the outbreak and reveals his strategy to limit the impact of COVID-19 on his business…Read the Full Interview