When big stores like Party City or Big Lots close stores, there are billions of dollars up for grabs. Who will cash in on these opportunities? Chris Ressa shares his thoughts in this week's Retail Retold. Listen here or on your favorite podcast platform: https://bit.ly/4iU1vfM #CRE #RetailRealEstate #RetailRetold #RessaOnRealEstate
DLC Management Corp.
Real Estate
Elmsford, NY 10,344 followers
We are real estate entrepreneurs who are committed to making retail places better. https://linktr.ee/dlcmgmt
About us
We are a team of specialized real estate entrepreneurs who are committed to making retail places better. We do this by practicing #SUCCESS — working together as one team to help our stakeholders in the areas of acquisitions, new developments, redevelopments, leasing, third-party services and property management. We're headquartered in Elmsford, New York with regional offices in Atlanta, Buffalo, Chicago, Dallas and Washington DC. For additional information about us and our portfolio, please visit dlcmgmt.com.
- Website
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http://www.dlcmgmt.com
External link for DLC Management Corp.
- Industry
- Real Estate
- Company size
- 51-200 employees
- Headquarters
- Elmsford, NY
- Type
- Privately Held
- Founded
- 1991
- Specialties
- Commercial Real Estate Owners/Managers, Commercial Real Estate Development, Retail Real Estate, Property Management, Acquisition, and Third Party Services
Locations
Employees at DLC Management Corp.
Updates
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“The renaissance in our industry has been driven by basics and value. It hasn’t been driven by Louis Vuitton and Chanel,” said Adam Ifshin, chief executive of DLC, which owns dozens of shopping centers. ICYMI, our CEO was quoted in the Financial Times, discussing the boon in US retail real estate. Check out the full article here: https://on.ft.com/3DtvAm6
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If we had to summarize 2024 for DLC in just one word, it would be…GROWTH. We grew as a team with the addition of 31 new teammates and the promotion of 13. We grew our portfolio with over $400MM in transactions, adding six new open-air centers nationally. We grew our tenant mix and signed over 100 leases for the fourth straight year, setting a new record for over 900,000 SF! We grew with new partners at Cohen and Steers, Principal Asset Management, Crow Holdings, and Meadow Capital. What’s next in 2025? Be ready for the “golden age” of open-air retail. Happy New Year!
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"I want our team to make the customers and the tenants feel welcomed and to love where they are, you know, because in most situations, this is their community." - @Sedgwick Davis, Co-Founder, Myles Davis Protective Services This week, Chris Ressa is jumping into the highly discussed topic of retail security. How does Sedgwick's company do things differently? It starts with passion and professionalism and is centered on strong communication. Listen here or on your favorite podcast platform: https://bit.ly/3DKKQeo #CRE #RetailRealEstate
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DLC CEO and Founder Adam Ifshin is quoted in a Financial Times article on the boom in US retail real estate. Complete article here: https://on.ft.com/3DtvAm6 #CRE #RetailRealEstate
There has been a significant shift in the retail real estate landscape, particularly for open-air shopping centers. You know I’ve been shouting about this for years. Contrary to earlier predictions of a 'retail apocalypse' driven by e-commerce, open-air centers are experiencing historically low vacancy rates, with only 6.2% of space currently available—the lowest since 2006, as cited in this article in the Financial Times, which I am quoted in. This underscores the enduring value of physical retail spaces, especially those anchored by essential services and value-oriented retailers. At DLC Management Corp. we've observed that the renaissance in our industry has been driven by basics and value, rather than luxury brands. New construction is scarce due to higher interest rates and building costs, causing the market to be even tighter. We’re playing offense as we navigate this evolving landscape. But one thing is clear - the integration of physical and digital retail strategies is more important than ever. The demand for open-air shopping centers reflects a consumer preference for convenience and value, reinforcing the significance of well-located, service-oriented retail properties. Read the full article here: https://on.ft.com/3DtvAm6 #CRE #RetailRealEstate
Boom in US retail real estate defies prediction of ecommerce apocalypse
ft.com
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Newmark's 2024 Retail Research Report dropped recently, and Brandon Isner stopped by for a DLC Minute to talk about what's happening now and what the impact is for the future. 👉 How has retail has evolved over the years, particularly in response to the challenges posed by the pandemic? 👉 What are the significant changes in the inventory-to-sales ratio? 👉 How have retailers adapted their operations to meet new consumer demands? #RetailRealEstate #CRE #RetailTrends #Newmark #NewmarkResearch
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How can we sum up the last 24 months of activity for DLC? We asked Ryan Sciullo, Executive Vice President at CBRE Retail his thoughts. “They have been one of the most active retail investors of open-air retail across the country…They continue to bring new capital partners into our sector that have not invested in retail for a long time and some that have never invested in retail before.” #CRE #RetailRealEstate #RealEstateInvesting
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So, 10,000 deal makers walk into the Javits Center... Chris Ressa and KARLY IACONO were among them at ICSC's New York show, and talked to as many of them as possible. 🤔 What did they hear? 😎 What's that analysis of the show buzz? 🛍️ Is 2025 going to be 🔥 or ❄️? Listen here or on your favorite podcast platform: https://bit.ly/4iMyO4g #CRE #RetailRealEstate #RessaOnRealEstate #RetailRetold #ICSC
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Big moves in the Buckeye State! DLC has acquired TWO premier Walmart Supercenter-anchored shopping centers in Columbus, Ohio - Taylor Square and Tuttle Crossing. 🎯 621,792 SF of prime real estate. 🏆 99% occupancy. “The acquisition of Taylor and Tuttle marks another milestone for DLC in the Columbus MSA. We’ve owned in this market for more than 20 years, with two other centers in close proximity, a third that we sold in the last year at accretive pricing, and we are in development at Northern Lights adding self-storage. The proximity of The Ohio State University, a strong corporate nexus, housing growth, and other major economic drivers keep us on the hunt for what is next.” - Adam Ifshin, CEO and Founder, DLC Full announcement here: https://bit.ly/3BnksXy #CRE #RetailRealEstate #Acquisition Temerity Strategic Partners Principal Asset Management
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