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.
Meet Your New Business Advisor: Your Landlord
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
Marketing Firm Helps Center Tenants Withstand COVID-19
San Diego Business Journal – A Carlsbad firm that invests, develops and manages commercial real estate has hired a Florida-based marketing consultant to help its retail and restaurant tenants negotiate the COVID-19 pandemic… Read the Full Feature.
Capstone Advisors is Guiding Tenants Through the Pandemic
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.
A Leader’s Pandemic Playbook
GlobeSt. Real Estate Forum – CRE was one of the first industries to be hit by COVID-19. Fortunately the industry is gifted with exceptional leaders that quickly stepped up to the plate to combat the crisis…Zikakis is among the many leaders within the commercial real estate industry who were able to successfully field a curveball that no one saw coming. As CRE was among the first industries to be affected, many professionals experienced shell shock, as fundamentals rapidly deteriorated. Read the Full Feature.
3D Virtual Tours for Commercial Real Estate
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
CPE’s April 2020 Must-Reads
Commercial Property Executive – April was dominated by coronavirus-related news and analysis as the industry and the country made efforts to grapple with this new reality and predict what comes next…In an interview with CPE, Capstone Advisors Founder & President Alex Zikakis offered his insight into what retail landlords need to know during the pandemic. Read the Full Feature.
What Retail Landlords Need to Know During the Pandemic
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
COVID-19 Impacts US Economy and Commercial Real Estate
Chicago Morning Star – The impacts of the COVID-19 pandemic are not limited to the physical health of US residents. The economic health of the US is also badly impacted by the virus outbreak. The stock market has fallen over 33% percent from its February highs. Unemployment is also expected to rise by more than 20% in the US due to the coronavirus outbreak.
Alex Zikakis, the founder and president of Capstone Advisors, said, “The impact of the virus on the commercial real estate market has been dramatic so far.” The practice of social distancing in the US has put pressure on retail businesses. Read the Full Feature
COVID-19 and Commercial Real Estate: What We Know, What We Don’t
REBusiness Online – The coronavirus pandemic (COVID-19) has not only impacted the physical health of humans around the world, but the health of the U.S. economy as well. While the stock market rallied over 11 percent on Tuesday, its biggest jump in nearly 90 years, on news that a federal stimulus bill to rescue the economy from the coronavirus was imminent, the Dow Jones Industrial Average was still down 31 percent from its most recent high at the closing bell. Meanwhile, economists say weekly jobless claims — new filings for unemployment insurance — could hit 2 million or 3 million. The Labor Department will release the latest figures on Thursday morning. Before the coronavirus hit, weekly jobless claims hovered around 215,000. Though no one knows the true fallout yet — because we’re still in the thick of it.
“The impact of the crisis on the commercial real estate market has been dramatic so far, and we are only in the beginning,” says Alex Zikakis, president and founder of Capstone Advisors, a real estate investment, development and asset management company in Carlsbad, Calif. Read More