In the News

REBusiness Online – Carlsbad, Calif.-based Capstone Advisors has completed the disposition of a single-tenant building located with Ahwatukee Foothills Towne Center in Phoenix. A Nevada-based investor acquired the asset for $3.7 million. Salad and Go occupies the property under an absolute triple-net, 20-year ground lease.

The restaurant opened for business at the newly constructed building in mid-June. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented Capstone in the deal.  Read the Full Feature.

The Daily Transcript – Carlsbad-based Capstone Advisors on Tuesday announced the sale of a residential project in La Quinta, Calif., and a Salad and Go restaurant in Phoenix. Capstone sold Piazza Serena, a residential land asset in La Quinta with 60 finished lots, for $9 million to Richmond American Homes. Capstone was represented in the sale by Marc Kleiman of Province West. Piazza Serena offers expansive views of the surrounding Santa Rosa Mountains and has lot sizes averaging one quarter acre.

“We’re pleased to continue our partnership with Richmond American Homes through another successful land transaction,” Mark Hayden, vice president of development at Capstone Advisors, said in a statement.  Read the Full Feature.

San Diego Business Journal – Capstone Advisors based in Carlsbad has sold a development site in La Quinta and a drive-through restaurant in Phoenix. The 60 finished lots of Piazza Serena were sold for $9 million to Richman American Homes…Capstone Advisors was represented by Marc Kleiman of Province West in the Piazza Serena transaction. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented Capstone Advisors in the restaurant sale. Read the Full Feature.

GlobeSt.com – “There will be continued retail bankruptcies and store closures in 2021,” Alex Zikakis, president and founder of Capstone Advisors, told GlobeSt.com in an earlier interview. “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.

San Diego Business Journal – North County [San Diego] is as desirable as it’s ever been…As the vaccines continue to be rolled out, we’re going to see a huge rush into retail consumption.” – Alex Zikakis. Look for 2021 to be a strong year for economic development in North County, according to economists, real estate brokers and economic development professionals…  Read the Full Feature.

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.

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