News: Brokerage

Pacific Retail Capital Partners nominated for nine ICSC MAXI awards

El Segundo, CA Pacific Retail Capital Partners (PRCP) has been nominated for nine ICSC MAXI Awards. The ICSC Global Awards Program will hold a virtual ceremony on July 23rd

The program is one of the world’s largest retail real estate conventions, recognizing the retail real estate industry’s most innovative events, programs, and technologies that add value to shopping centers and companies across the country. The shopping centers in the PRCP portfolio that utilized a myriad of resources to re-energize centers, drive traffic, increase sales and give back to their respective communities, and are now being recognized as 2020 ICSC Global MAXI Awards finalists include:

  • Eastridge Center: CosmeCon, Impact Award;
  • The Shops at Montebello, Made In Montebello: Community Award;
  • Eastridge Center: Mini Cat Town, Community Award;
  • The Shops at Montebello, Mamacita Market: <10K Award;
  • Yorktown Center, Dog Friendly Initiative: Impact Award;
  • Colonie Center, Trunk or Treat: <10K Award;
  • PRCP, Butterfly Effect: Community Award;
  • Colonie Center, Evening of Giving: Community Award; and
  • Northpark, Repositioning the New Northpark: <10K Award.

“It is a testament to the collaboration and hard work of so many talented people that Pacific Retail continues to take our vision to the next level and create consistently unique experiences for our guests,” said Najla Kayyem, senior vice president of marketing. “In this ever-changing industry, it is more important now than ever that we stay focused on how we can create positive impact through innovation and not being scared to try new things.”

In 2019, PRCP centers took home three ICSC MAXI Awards, including a gold, and in 2018, they took home seven awards including the Special Distinction Innovation Award.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,