Landmark Commercial Realty Inc. Selected as the Exclusive Broker to Market Region’s Newest Mixed-Use Development – The Steel Works
Landmark Commercial Realty Inc. was selected as the exclusive broker to market the commercial outparcels for The Steel Works – the newest mixed-use development in Dauphin County. Chuck Heller will be the listing agent for the retail and office space. Two four-story and two three-story buildings are slated to be developed as part of the […]
The Effects of Retail Bricks and Mortar Closures
In the last 12 months, and specifically the last three months, we have read about or noticed many south central Pennsylvania store closings. Unfortunately, it is also a nationally occurring trend. Closure Reasons Ted Pfeifer, retail expert with Landmark Commercial Realty, believes there are several reasons why this is happening. They include: Overstocked retail on […]
Why are Enclosed Shopping Malls Disappearing?
Enclosed malls, especially in secondary and tertiary markets, are concepts that are becoming functionally and economically obsolete. This has been increasingly so in the last few years, but is expected more this year and in future years to come. Why? There are several reasons why this trend is on the rise, but among the major […]
Closure of the Big Boxes and the Effect on Traditional Retailing
In the last two months, several public announcements have been made on the imminent or recent closing of many large and small bricks and mortar retailers. Nationally, among the retailers closing stores are: JC Penney- 138 Macy’s- 68 Sears/K-Mart– 150 HH Gregg- 60 Abercrombie and Fitch- 60 Guess- 60 Crocs – 160 The Limited- 250 […]
Retailing and Fly-Fishing: They really are quite similar
A few years ago while visiting Maine, I wanted to spend the day doing something I love, fly-fishing. I knew a lot about fly-fishing and trout, but I didn’t know Maine. So I asked the owner of a local sports shop where he suggested I go and which flies to use. I knew going to […]
Summer Months Prove to be a Hot Time for Retail Real Estate
Ted Pfeifer The summer months afford everyone with more time for activities, travel and especially shopping. Apart from winter holidays, the summer brings one of the largest spikes of sales for retail properties during the year. It is also a time of significant activity increase in the retail real estate market. The retail real estate […]