California Centers

MAR 2018

California Centers Magazine serves retailers, developers, shopping center owners, investment sales brokers and tenant representation firms throughout the state of California.

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Page 4 of 28

2 California Centers Magazine | March 2018 Captive Market I t is hard to come by a captive market today. The barriers to entry for new competition have to be incredibly high, creating a stronghold for exist- ing retailers in the market. The Mon- terey Peninsula is one of the strongest captive markets in California. With a stable, affluent resident base and a booming tourist population — which outnumbers residents eight-to-one — create strong buying demand. The ar- ea's physical location and preference to conserve land has made new development difficult. The result is a healthy market with strong sales performance. In this issue of California Centers, we take an in-depth look at the Monterey market. From the ever-popular Del Monte Shopping Center to the city's revitalized downtown to sub- urban grocery-anchored centers, we take a look at the intri- cacies of this market. Of note is the area's newly expanded convention center, where the ICSC Monterey Idea Exchange will be held. We will be there with this issue and invite you to stop by and see us. Also in this issue, we have an article on Bob's Discount Furniture. Chances are you have seen the company's ad- vertisements while watching television. The company has opened a number of new stores in California, and is prepar- ing to open more. Please see the article on page 6. California remains a healthy retail market, as evidenced by the number of deals you will find in our Real Estate Transactions section on page 22. We are gearing up for our annual May issue, which will again be distributed at the ICSC RECon show in Las Vegas. If California Centers can be of assistance as you plan your marketing presence at RECon, please reach out to me at President/Publisher Scott France Editorial Director Randall Shearin Editor Beverly Dykes Associate Editor Katie Sloan Graphic Artist Julie Hunt Writers Beverly Dykes Nellie Day Published by France Media West LLC Jerrold France Chairman & CEO Scott France President/Publisher Michael Jacobs Chief Financial Officer Randall Shearin Senior Vice President Editorial & Operations For subscriber services, including change of address, please write or call: 1-800-869-6882 P.O. Box 47065 Plymouth, MN 55447-0065 Or visit our subscription portal at: California Centers magazine (ISSN 2375-317X) is published five times per year by France Media West LLC, a wholly owned subsidiary of France Publications, Inc. © 2018 France Media West LLC. Postage paid at Atlanta, GA, and at additional mailing offices. POSTMASTER: Please send address changes to: CALIFORNIA CENTERS, P.O. Box 47065, Plymouth, MN 55447-0065. Main editorial and advertising offices are located at 3500 Piedmont Rd., Suite 415, Atlanta, GA 30305. Telephone (404) 832-8262. Email: California Centers is a registered trademark of France Media West LLC. Subscription rate is $195 per year. To obtain reprints or PDFs of articles, or obtain permission to use an article published in California Centers, please contact Barbara Sherer, e opinions and statements made by authors, contributors and advertisers to California Centers are not necessarily those of the editors and publishers. Scott France President/Publisher

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