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 More…
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
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
The cycle is mature—so mature that many are predicting a recession in the next 12 months. The mature cycle has meant peak pricing in many top markets, and as a result, investors have fled to secondary markets to chase yield, and Phoenix has been a favorite. In prior cycles, Phoenix has been a final play before a downturn hit, but this time, things may be different.
“One of my real estate investor buddies once said to me, ‘Phoenix, where California money goes to die at the end of every real estate cycle.’ There is no doubt that historically Phoenix has been a boom and bust market,” Ira Schwartz, COO of Capstone Advisors, tells GlobeSt.com…Read More
Capstone Advisors is continuing to expand its Phoenix retail portfolio. The firm has exited out of a shopping center in San Diego and purchased its fifth retail property in Phoenix. Capstone purchased 18,037 square feet of shop space at the 250,000-square-foot Tuscano Town Center in Phoenix. The property is 100% leased to 12 tenants, and is an ideal fit for Capstone’s Phoenix business plan.
“We are focused on two primary product types in Phoenix, retail and multi-tenant flex-industrial. This is our fifth current project in that market,” Ira Schwartz, COO of Capstone Advisors, tells GlobeSt.com…Read More
Capstone Advisors has identified the Reno market in Nevada has a target for new retail construction. Like nearby Las Vegas, Reno has also experience economic and population growth, and now has a pent-up demand for retail and services. Capstone has already broken ground on the first retail building on an undeveloped parcel of Sky Vista,but it could be the beginning of several projects for the San Diego-based developer… (Read More)
RENO, Nev. — Capstone Advisors announced this week crews recently broke ground on the firm’s first retail component at the Sky Vista development project in the North Valleys area of Reno. According to an Aug. 13 press release from the Carlsbad, Calif.-based real estate investment and development company, the future building will feature 10,899 square feet of mixed retail space, including an available restaurant footprint with an outdoor patio.
Sky Vista at North Valleys consists of a 1.91-acre pad site immediately adjacent to the existing Walmart Supercenter — which opened in 2012 at 250 Vista Knoll Parkway — and a nearly 96-acre parcel of adjacent land entitled and planned for residential, retail and industrial development. (Read More)