Vestar is a nationally recognized leader in the acquisition, management and development of retail real estate. Our current portfolio of retail properties totals 30 million square feet throughout the western United States.
Downtown Salt Lake City is experiencing an unprecedented urban renaissance within the tech sector. New office-sharing concepts have been introduced and former retail space is being rapidly transformed into bustling hubs of business activity. At the center of establishing downtown’s emerging startup and technology scene, The Gateway introduced Recursion Pharmaceuticals and Kiln Co-Working Space in fall 2018 with more than 125k square feet of new office space.Read More +
Small-shop tenants took a hit when credit dried up after the 2008 financial crisis. Now, a decade later, some landlords are reporting record-high occupancies and rents for these operators, generally defined as those leasing space of 10,000 square feet or less. The gains are attributable to a robust economy and to such trends as consumer obsession with beauty, health and fitness, experts say.Read More +
Expect to see more partnerships between ridesharing companies and shopping center landlords. In the past, these parties have teamed up to promote discounted or free rides, often during the holiday season or for special events — but only temporarily. Today they are entering into longer-lasting agreements for designated drop-off and pickup locations, typically highly visible through signage. And they are offering riders promotions or discounts as well as introducing lounges and driver hubs into the properties.Read More +