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Mid-America Blog

Feb 15 2018
Clicks and Bricks
Online retailing is profoundly changing the landscape of our business, forcing our industry to think of the future now more than ever. Despite these changes, I am optimistic that e-commerce will remain just a small piece of the overall shopping pie. My optimism lies in the following assumptions: in many cases, brick and mortar stores continue to be more convenient or cost effective; digitally native retailers are opening stores in order to expand their supply; and consumers often use the internet to purchase goods for in-store pickup.

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Nov 20 2017
Gas Stations Growing in Michigan
Gas stations are becoming a rapidly expanding category throughout Michigan. Many vacant and under-utilized corners are seeing development by both local and national operators. As a result, land prices are increasing for high traffic intersections throughout the state. Companies like Speedway are assembling land around their existing gas stations to scrape and re-build with larger footprint convenience stores including more gas pumps, food offerings and charging stations for electric vehicles.

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Oct 23 2017
Re-use Retail Innovation
Sustainability is nothing new for the retail industry. It has ceased to be a one-off element of design and build, but now sustainability has become a core element of industry ethics. Solar panels on roof tops, the use of recycled materials such as re-claimed wood, and efficient energy use. The shipping container trend is global and growing. This re-use phenomenon is not limited to retail shops, but also residential and hotel developments. The shipping container concepts strive to be a part of the fabric of local life by adding to the communities they are placed.

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Sep 13 2017
Social Media Influence and Integration in the Retail Stratosphere
Catalogs and mailers are ancient history. Today, retailers are able to have a more direct, intimate connection with consumers via social media platforms. Companies are not only creating an increased awareness of its brand/product with their own profile accounts but also by partnering with influencers to further the reach and opportunity for sales.

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Aug 09 2017
Don’t Fear the Reaper – Take Advantage of It
The Reaper is coming to a mall, shopping center, power center or free standing building near you soon if he hasn’t struck already. The Reaper is also attending your clients Real Estate Committee meetings and dropping the ax on your pipeline. The Reaper, more commonly known as E-Commerce/Omni channel retailing, is forever altering how we operate and transact in a field where you are only as good as your last deal. Now more than ever it’s paramount to become a chameleon, adapt and take advantage of the new opportunities created in an industry undergoing a major transformation.

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Aug 01 2017
2017 Minnesota Out-State Market Update
The solid economic data and subsequent development is not confined to the Twin Cities metro area. While much of what we hear about or see in the news is focused on retail developments happening in the metro, there are many new developments and new tenants entering the outstate markets of Minnesota. The following is a summary highlighting notable happenings in the most active outstate markets.

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Jul 25 2017
Storm the Bastille
Recently, the Mid-America Real Estate – Wisconsin team participated in the annual “Storm the Bastille” 5k race through the streets of downtown Milwaukee. The race, celebrating the revolutionary storming of the Bastille prison by Parisians on July 14, 1790, has been a commemorative staple of downtown festivities since 1981. While the run/walk is an exciting way to celebrate France’s national holiday, it also serves as a vehicle for team bonding and culture development for the entire Mid-America – Wisconsin family.

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Jun 28 2017
What I’ve Learned in 15 Years at Mid-America
Fifteen years, six months and thirteen days have passed since I joined Mid-America’s construction management department. A lot has changed in that time, and I’ve learned a lot from my clients, coworkers, consultants and contractors. I’ve been fortunate to work with some wonderful people, and I’ve also seen others behave in ways that have left me wondering how they manage to hold down a job. I’ve learned a lot from both.

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Jun 06 2017
The New Guy on the Block
It has been an exciting journey finding my place at Mid-America Asset Management. My first week began on December 21, 2016. I was overwhelmed with names and faces of new colleagues. I quickly realized it was just the tip of the ice berg since most of the company was on holiday vacation. In the first week of January, a helping hand was offered by everyone that passed by my door as they welcomed me to Mid-America. It feels like home when you are surrounded by people that want to see you succeed.

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May 08 2017
The Importance of Networking
Whether you’ve been in our industry for three months or thirty years - there is one simple thread that binds our network: building relationships. If you're a “people person” like me, you’re deemed the “outgoing friend” and truly want to help others succeed. I've always had a passion for commercial real estate and the tight knit community it produces. From day one I treated networking as an essential way of gaining and maintaining my success.

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May 01 2017
My Time at Mid-America
It’s hard to imagine that almost three years ago I started my career at Mid-America. This time, three years ago, I was a typical college senior enjoying my last few months of “freedom.” I still had not found a job, and to be honest, was not set on what I wanted to do. Real Estate had been in my family for a few generations and while I knew I always had an interest in it, I also knew I wanted to stray away from the residential real estate industry that my family was involved in.

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Apr 03 2017
Healthcare in a Shopping Center
Healthcare providers throughout the country continue to put emphasis on keeping their patients well rather than caring for the ill. Hospitals want to maximize doctor visits while making it a part of our daily need to travel and coordinate with our busy schedules. Therefore, we continue to see medical related retailers in shopping center and neighborhood environments to make the process more convenient for patients. The typical doctor office is in a tucked away medical office building or in Chicago’s case, on a major medical campus such as: Northwestern, Loyola, and Rush. All of which aren’t always the most convenient for patients.

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Mar 21 2017
Will Amazon Go Change The Way We Shop?
For those of us in the retail real estate world, we’ve spent years watching retailers grow their online presence and shrink their brick and mortar footprints. While internet sales equate to only 8% of total retail sales, we’re continuing to hear about retailers scaling back their traditional retail presence in favor of growing their e-commerce business. Internet sales continue to grow and we won’t be seeing the end of this trend any time soon. However, there are a few e-commerce retailers that are heading in the opposite direction by dabbling in a more traditional retail platform, proving e-commerce nor traditional brick and mortar can stand alone. Amazon, the e-commerce giant, is beginning to substantially grow their traditional brick and mortar presence.

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Mar 09 2017
Communication is Key Between Property Managers and Owners
Property management of a shopping center is critical in the overall success of the property, therefore Property Managers should always be looking for opportunities to improve the shopping center’s tenant mix and to increase NOI.

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Feb 14 2017
Sierra Trading Post Expands into Minnesota
Sierra Trading Post (STP), a TJX brand located in eight other states, made their very first appearance into the Minnesota retail marketplace in October 2016. Located in Eagan, Minn. at the Central Park Commons shopping center, Sierra Trading Post participates in the same concept in which all of the other TJX Companies follow; “offering discount prices on name brand products and apparel.”

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Feb 06 2017
Emergence of the Urban/Suburban Hybrid Market
There’s no question that the top location choice for a new restaurant concept entering a suburban market is predominantly in the super-regional trade areas. Super-regional trade areas are considered first tier priority because they are brand builders, and possess an expansive geographical draw with mature residential populations, dense office populations and strong retail and hotel density.

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Jan 03 2017
There is no denying that technology has a large influence on communication. It pervades every aspect of our relationships with family, friends and clients. We should embrace the efficiency of technology and all the benefits it affords us, yet we should never fall victim to negotiating important decisions solely via writing.

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Dec 12 2016
Minnesota Shopping Center Association (MSCA) - It’s the Real Deal
Most of us are active members of ICSC as well as numerous other national, regional and local organizations designed to inform, update, network, guide and strengthen the shopping center real estate industry. In Minnesota we’ve taken it a step further in order to keep real time information and networking as up to date and vibrant as possible.

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Dec 05 2016
What I Gained from Giving Back
Tis the Season for giving. It’s also a great time to reflect and to determine if you have done enough for yourself to feel fulfilled in life. There comes a point in time when we all realize how well we live and how truly fortunate we all are. At this point you start asking yourself, what next?

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Nov 10 2016
A Day in the Life of a Commercial Real Estate Broker
Adam approaches the vacant space. He’s carrying his 10 year old pleather portfolio, a roll of window signs and a tape dispenser. He scrolls through the emails on his iPhone, looking for the message from the property manager with the new lockbox code.

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