Entertainment

Against Entertainment Districts

power light district kc

Let’s talk about downtown entertainment districts. You know the kind: a planned city development featuring at least one anchor establishment (a hotel, for instance, or a large cinema or sports stadium), with hundreds of thousands of square feet of bars,…

Flexible Real Estate

Happy Fourth of July! Summer is a big time for the hospitality industry, and the Fourth of July–when it falls close to a weekend, as it does this year–can be a popular time for people to schedule vacations. With that…

The B2B Dilemma

Back in October, I had the pleasure of attending the Philadelphia Real Estate Council‘s fourth quarter round table, where the topic was a departure from the group’s usual fare (capital markets, urban development opportunities, valuation). The subject of this meeting…

The New, New Atlantic City

The 1980 film Atlantic City, starring a young Susan Sarandon and an old Burt Lancaster, is the sort of dark comedy that captures the many challenges and contradictions of America’s second-largest gaming market. (I’ve always been fascinated with Atlantic City,…

Loss Vegas

What happens in Vegas, stays in Vegas. Or so they say. The “What Happens in Vegas” motto, a creation of the Las Vegas Convention and Visitors Authority, has proven one of the more culturally significant commercial slogans of recent years (it’s…

Waterfront 2.0

Pop quiz! What do most major cities have in common? They were all built near a significant body of water–be it a river, lake, or ocean. While modern cities’ commerce and transportation don’t depend on marine traffic the way they…

Retail Darwinism

A while back, I reported on the Cornell Real Estate Council’s annual REIT CFO panel, which included financial officers representing most major asset types in the commercial real estate world. Representing the retail sector was Pennsylvania REIT (NYSE: PEI) CFO…

Entertainment Value

To say commercial real estate investors have turned bearish in the last three or four years would be a bit of an understatement (much like the phrase, “a bit of an understatement”). Considering last month’s employment dip and the still-sluggish…

Improvement

    It’s easy to lose sight of actual news stories in the middle of primary season.  While being bombarded with endless reports of only the most ridiculous, out-of-context comments from candidates and their attack dogs, its hard to keep your eye…