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.
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.
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.
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 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.
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.
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.