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Shopping Centers and Other Retail Properties: Investment, Development, Financing, and Management » (1st Edition)

Book cover image of Shopping Centers and Other Retail Properties: Investment, Development, Financing, and Management by John Robert White

Authors: John Robert White, John R. White (Editor), Kevin D. Gray
ISBN-13: 9780471040026, ISBN-10: 0471040029
Format: Hardcover
Publisher: Wiley, John & Sons, Incorporated
Date Published: March 1996
Edition: 1st Edition

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Author Biography: John Robert White

About the editors

JOHN R. WHITE, MAI, CRE, held an AB degree from Harvard and an MBA in marketing and real estate from New York University. He was the long-term president, chairman and chief executive officer of Landauer Associates, Inc., New York, an international real estate consulting firm. He acted as a consulting intermediary in the purchase or sale of the former Pan Am Building in New York, L'Enfant Plaza in Washington, D.C., and the Bank of the Southwest in Houston, and he arranged $500 million in financing for the General Motors Building in New York. John White was a board member of 10 real estate, banking, insurance, and development companies and received a dozen awards from civic and trade associations for his contributions to real estate. He was the author of over 100 published articles on real estate finance, investment, and valuation, and wrote or contributed to four books. He was Editor in Chief and contributing author of The Office Building: From Concept to Investment Reality. He died on March 29, 1995, shortly after completion of his work on this book.

KEVIN D. GRAY, CRE, is Senior Vice President of Landauer Associates in New York, with 17 years of experience in investment consulting, retail planning, and architecture. He specializes in strategy consulting and research for foreign and domestic pension funds, institutions, investment banks, and developers. Kevin Gray holds an MA in finance from the Yale School of Management, and BA and MA degrees in architecture from the University of Pennsylvania. He is a registered architect in Connecticut and a certified appraiser in numerous states. He is the author of several articles on real estate topics.

Book Synopsis

Shopping centers and other forms of retail properties continue to be among the soundest real estate investments in North America. But retail property is a highly specialized field of real estate development with a unique and complex set of legal, financial, development, management, and marketing variables about which investors and developers must possess a sound working knowledge. Now this book arms with you with that knowledge, and much more.

The most comprehensive, authoritative, up-to-date resource of its kind, Shopping Centers and Other Retail Properties covers every vital aspect of negotiating, buying, selling, developing, managing, and marketing shopping centers and other retail properties. Editors John R. White and Kevin D. Gray, of the leading real estate consulting firm Landauer Associates, and an all-star team of experts in the field of shopping center and retail property development, share everything they know about:
* All important legal issues
* Investment and feasibility analysis
* Valuation requirements and performance measures
* Planning, designing, and renovating retail properties
* Developing and investing in local and community shopping centers, highway retail centers, and regionals and super regionals
* Operating and managing retail centers
* Mortgage financing and financing through public and private equity issues
* Space marketing and lease terms
* Macro and micro market analysis
* And much more


Shopping Centers and Other Retail Properties is an indispensable working resource for both new and experienced retail property investors and developers as well as those who work with them,including attorneys, accountants, analysts, appraisers, planners, managers, brokers, and consultants.

"Timely insights into an industry undergoing tremendous change." —

For both newcomers and seasoned professionals in retail property investment, this book provides a wealth of vital information on every aspect of developing and managing shopping centers and retail properties. Written by an all-star team of specialists in the field, Shopping Centers and Other Retail Properties:
* Provides expert guidance on financing, developing, operating, and managing shopping centers and other retail properties
* Covers analysis of retail market demand, investment and feasibility analysis, appraisal, mortgage financing, financing by equity, new planning formats, and much more
* Serves as an indispensable working resource for investors, developers, attorneys, accountants, analysts, appraisers, planners, managers, brokers, and consultants


"An authoritative work that will be immensely useful to anyone interested in retail real estate." —

"Retail developments have become the key investments now targeted in real estate. No two people have commanded more respect for expertise than this book's editors. There are many, many books attempting to guide readers in this field. In my experienced view, none compares to the excellence and usefulness of this text." —

Table of Contents

Foreword
Prologue1
1Retailing in the Twenty-First Century18
2Real Estate Product Response to Retail Demand32
3The Investment Structure and Investors in Retail Real Estate54
4Legal Considerations Confronting the Shopping Center Industry73
5Analyzing Market Demand for Shopping Centers105
6Analyzing the Specifics of Retail Markets123
7The Role of Feasibility and Investment Analysis in the Investment Decision146
8The Formats Employed in New Retail Strategies173
9Planning: Designing, and Renovating Retail Properties190
10Developing and Investing in Local and Community Centers and Highway Retail210
11Developing and Investing in Regional and Super-Regional Malls238
12The Competitive Position of Central Business Districts and Main Street Retail Property251
13Space Marketing and Lease Terms in Shopping Centers275
14Operating and Managing Retail Centers299
15The Business and Promotional Aspects of Retail Centers317
16Various Means of Debt Financing for Shopping Centers339
17Capital for Shopping Centers Through Public and Private Equity Issues360
18How Investors Purchase and Sell Retail Properties387
19Sales Agency Marketing of Shopping Centers406
20Appraising Retail Properties426
21Accounting Aspects of Retail Properties450
22Counseling for Retail Properties and Performance Measures479
Epilogue500
Index505

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