Shopping Center Management: 5 Challenges and Opportunities as Consumers Shift to E-Commerce
As the e-commerce boom reshapes retail, shopping centers in areas such as San Bernardino, Riverside, Los Angeles, Orange and San Diego Counties are navigating a rapidly evolving landscape. The prevalence of next-day shipping is lessening the convenience of visiting certain retail-oriented businesses. This shift presents both challenges and opportunities for property owners and their property managers. By staying proactive and adaptable, shopping centers can continue to thrive in this new era. Here are five key challenges and some resulting opportunities to consider.
6 Signs It’s Time to Fire Your Property Management Company
Property management is central to the health of your investment. If your current property manager is no longer meeting your expectations, it may be time to consider a change. Realicore understands the value of effective management and has written this article to explain the reasons WHY you might want to fire your property manager.
How Do I Fire My Property Manager? A Step by Step Guide
When you've decided it's time to part ways with your property management company, it's crucial to follow the proper steps to reduce future liability, protect your real estate investment and ensure a smooth transition. Because this is a common question we at Realicore get from a lot of new clients, we decided to create a detailed guide on how to fire a property manager effectively and professionally.
800 E Lugonia Ave Suite E, Redlands, CA 92374
Realicore is pleased to announce that we have leased out 800 E Lugonia Avenue Suite E, Redlands, CA 92374 to D.S.A Nails & Spa. We are happy to have such thriving small businesses in the shopping centers that we manage
455 North Waterman Avenue San Bernardino CA
Realicore has just leased 455 N Waterman Avenue San Bernardino CA! This space is has an active auto repair permit in place, but can be used for a multitude of businesses. It contains, 6 bay building with plenty of frontage/visibility on Waterman Ave and 5th Street.
932 West 31st Street Unit 3, San Bernardino, CA 92405
Realicore is excited to share that we have leased 932 West 31st Street Unit 3, San Bernardino, CA 92405. This home was newly remodeled and has 2-bedroom and 1-bath. It is located on the quiet back side of the property, ensuring peace and privacy with no shared walls. Also includes a private fenced-in yard, perfect for relaxing or entertaining.
Just Leased! 5507 Grassy Trail Drive Riverside, CA
Realicore is proud to share that we have leased 5507 Grassy Trail Dr in Riverside, CA. This home has a charming mid century appeal with 4-bedroom and 2.5-bath.
Just Leased! 459 West 4th Street San Bernardino CA, 92401
Realicore is excited to announce that this charming retail space is now leased! It is now a beauty studio specializing in eyelashes. The interior has an open ceiling and brick walls that are aesthetically pleasing. It includes a nice bathroom, has plenty of storage and parking is located on Court and 4th Street.
Realicore Real Estate Group Core Values
Realicore Real Estate Group, as an organization, has been an innovative driving force in the real estate industry since 2011. Realicore is made up of a diverse set of leaders and professionals with varying levels of experience and backgrounds. With the differences between the members of our team, how do we stay on the same page and “row the boat” in the same direction? It’s all due to our core values. They guide everything we do.
Just Leased! 36040 Stableford Ct, Beaumont, CA 92223
Realicore is excited to share that we have leased another beautiful home at 36040 Stableford Ct, Beaumont, CA. It contains 3 bedrooms and 2 baths, with an open floor plan making the kitchen, dinning room, and living room all easily accessible.
Realicore Accredited Commercial Manager (ACoM) Certified
At Realicore, we are committed to continuous learning and equipping ourselves with the best tools to provide exceptional service to our clients. We are proud to announce that we have earned the Accredited Commercial Manager (ACoM) certification. This achievement reflects our dedication to mastering the fundamentals of commercial real estate management, ensuring that our clients receive the highest standard of expertise and care.
How to Start Investing in Retail Real Estate
Investing in retail real estate offers numerous benefits for both investors and potential commercial tenants. This guide provides an overview to help you start investing in retail real estate.
Just Leased! 21008 Center St. Riverside
Realicore is happy to share that we have leased out this beautiful home at 21008 Center St. Riverside. It contains 5 bedrooms and 3 baths, with a spacious kitchen.
Just Leased! 17410 Orchid Drive, Fontana, CA 92335
Realicore is pleased to announce that we have leased out this charming house at 17410 Orchid Drive, Fontana, CA 92335. It contains 3 bedrooms and 2 baths, with a beautiful front porch.
Shopping Center Management: 5 Ways Proper Common Area Maintenance Can Lead to Increased Rent
A high-quality shopping center draws in crowds, providing a space for people to gather, shop, and fulfill various needs. Besides creating a desirable tenant-mix, a clean, safe, and aesthetically pleasing environment generates foot traffic, ultimately generating additional revenue for your tenants, finally leading to increased rent for the property owner. One key to maintaining this flow of traffic and repeat customers lies in the upkeep of the shopping center’s common areas. In real estate we simply call the term Common Area Maintenance, also known as CAM. CAM on a basic level involves keeping common areas like parking lots, landscaping, and sidewalks clean and well-kept. This enhances aesthetic appeal, improves safety and security, extends the longevity of infrastructure, promotes a positive brand image for the shopping center and its tenants, and increases customer dwell time and spending. For high-end or trophy shopping centers, common area maintenance could additionally include, changing out seasonal decor, maintaining a small park, maintaining outdoor seating for a food hall, hosting various events such as live music and more! Let's explore how these factors contribute to more customers, happier tenants and increased rent.
Understanding CAM Fees Related to Multi-Tenant Commercial Real Estate
When leasing commercial property, tenants, landlords, and property managers often encounter the term, CAM fees. CAM fees are a crucial aspect of many commercial leases. This article will delve into the essentials of CAM fees, including the types of leases that include them, their benefits, what they typically cover, and how they are calculated.
Just Sold! 570 W 4th Street, San Bernardino, CA 92401 - Mixed-Use Retail and Office Commercial Building
Realicore is pleased to announce that we have sold 570 W 4th Street, San Bernardino, CA 92401 to a local real estate investor in San Bernardino. The buyer got a screaming deal of $1,950,000. The buyer plans to invest close to $1,000,000 into the property. Realicore Real Estate Group has also been retained by the landlord to serve as project manager and property manager for the property. This 35,686 sq. ft. property will undergo a massive renovation updating the offices upstairs as well as leasing out the ground-floor retail spaces until the property is stabilized. Located in a prime location of Downtown San Bernardino next to The Regal Movie Theater, California Theater, the Downtown San Bernardino Arts District and across from the future Carousel Mall Development, this property is primed to be a trophy asset. We look forward to the future grand opening of many new small businesses in Downtown San Bernardino. David Friedman, from Realicore, represented the buyers.
Stay tuned for more exciting commercial retail property brokerage opportunities with Realicore!
Just Leased! 591 N D Street, San Bernardino, CA 92401 - Commercial Restaurant Building
Realicore is pleased to announce that we have leased 591 N D Street, San Bernardino, CA 92401 to Los Tacos Lokos - “The best tacos north of the border!”. Los Tacos Lokos hopes to open on Cinco De Mayo and are excited to be a part of the San Bernardino community. 591 N D Street, previously Roger’s Burgers and Richie’s Chicken, was originally a taco stand that sold street tacos to the community for more than a decade. It’s only fitting that the building is now a taco shop again. David Friedman, from Realicore, represented the property owners.
Stay tuned for more exciting commercial property brokerage opportunities with Realicore! Especially restaurants and other retail spaces.
Why Isn’t My Property Renting? - Explore 8 Of The Most Important Factors Affecting Your Rental’s True Potential.
In the fast-paced world of real estate, a rental property that sits vacant should be worrisome for property owners. A vacant property isn’t generating revenue, it’s a target for squatters and if a pipe bursts, you might not find out until a few days later! When faced with the frustration of a property that just won’t rent, it's crucial to pinpoint the underlying reasons. From pricing strategies to the quality of marketing efforts, several factors can influence the attractiveness of your rental unit to potential tenants. Let's delve into these factors to better understand why your property might be struggling to find renters. Here are 8 ways to improve your chances at securing a qualified tenant for your property:
Just Sold! 541 N D Street, San Bernardino, CA 92401 - Commercial Restaurant Building
Realicore is pleased to announce that we have sold 541 N D Street, San Bernardino, CA 92401 to Cheliz Restaurant. Cheliz hopes to open an American Style Diner to serve the community of San Bernardino. We are happy to have another much needed restaurant in Downtown San Bernardino. 541 N D Street, previously Yum Yum Restaurant, has been owned by many prominent figures in San Bernardino. The legacy of this 21,63 square foot property on a lot size of 8,625 lives on through Cheliz. David Friedman, from Realicore, represented the sellers, Time for Change Foundation who we can’t wait to work with again!
Stay tuned for more exciting commercial property brokerage opportunities with Realicore!