NEWS

Kanye West Holds Sunday Service at Vestar’s Gateway Center

Sometimes the best traffic-building event is one you can’t plan for. That’s what happened last week to Vestar when Kanye West decided to hold one of his surprise Sunday Services at the retail developer’s Gateway mixed-use center in Salt Lake City.

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Vestar Acquires University Plaza

FLAGSTAFF, ARIZ., – Vestar, one of the leading privately held shopping center owners in the western United States, announced today that it has purchased University Plaza, a 165,615-square-foot shopping center located in the heart of Flagstaff, Arizona.

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Why Tech Companies Are Flocking to The Gateway

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.

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Shopping Centers Today Big Gains for Small Shops

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.

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Landlords and Ridesharing Companies Pursue Synergies

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.

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Retail Apocalypse? Strategic Planning Helps Valley Shopping Center Thrive in Competitive Market

There seem to be ways around the so-called “retail apocalypse,” but it means more work and spending more money for the owners and operators of shopping centers.

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Vestar Retools Retail Units as State-Of-The-Art Experimental Space

 As the retail sector continues to react to the rise of e-commerce platforms — as well as to changes in consumer spending habits and broader economic trends — developers and landlords are increasingly repurposing their retail spaces, according to privately-held shopping center owner and property manager Vestar.

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