Retail Sector in Holding Pattern, Report Says
by Shopping Centers Today Week
The U.S. retail real estate sector is likely to stay in a holding pattern for at least the next three quarters as uncertainty over the November elections, the debt crisis in Europe and the lackluster jobs picture take their toll, says a year-end report by Jones Lang LaSalle unveiled at the ICSC New York Conference & Deal Making this week.
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Dollar Stores Gain Goround In U.S.
by Shopping Centers Today Week
The U.S. is now home to more dollar stores than drugstores, according to a Colliers International study. The firm says that as of midyear, the combined store count of the four major U.S. dollar chains — Dollar General, Dollar Tree, Family Dollar and 99 Cents Only — has surpassed that of the three biggest national drugstore chains: Walgreens, CVS and Rite Aid. Those four dollar chains now operate some 21,500 U.S. stores.
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Lawyering Leases
by Steve McLinden
Much like the consumers who have learned frugality the hard way during this recession, retailers have  developed a downturn-related habit they are unlikely to abandon anytime soon: the practice of “lawyering” leases — early and often. Those tenants that once routinely accepted such things as automatic renewal terms, common-area-maintenance fee assessments and nonretail neighbors now reflexively use outside firms to scour their leases for “outs” that can help them gain rent relief or control of operating expenses.
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Apartment REITs: These Are the Salad Days
by Kris Hudson-Wall Street Journal
It’s a good time to be an apartment owner. And, with the housing market still struggling and few new apartments being built, it probably will remain lucrative to own apartments for several years.
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Another Manco Abbott Employee Achieves CPM Designation
by Andrea Kennedy
 Matt Spenhoff, Property Manager, recently achieved his Certified Property Manager (CPM ®) designation given by the Institute of Real Estate Management. This accomplishment entails successfully passing about 10 required courses including marketing, human resources, asset management and ethics and completing a management plan on a subject building. Matt now joins seven other Manco Abbott colleagues holding this title. The CPM designation is considered to be among the industry’s premier real estate management credentials. We are proud of Matt’s accomplishment and strongly believe that Manco Abbott’s investment in on-going professional development translates to service and operational property management excellence. Our sincere congratulations go out to Matt for this significant achievement!
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New Properties
by Greg Bethke
Manco Abbott, Inc. manages properties in the Central San Joaquin Valley and Central Coast.
In addition to conventional property management, Manco Abbott, Inc., provides Receivership and REO Services.
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Employee Anniversaries
by Andrea Kennedy
We proudly acknowledge employee anniversaries; each of these individuals have one or more years of tenure. Thank you to each and everyone for sharing your time and expertise to help us be the best that we can be!
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Have a Better Monday
by Bari Lieberman
That pile ain't getting any smaller.
We all know Mondays can be a drag—just ask Garfield—but new stats show that the first day of the work week might be worse than we thought: Half of us were late for work this morning, and most of us will only accomplish 3.5 hours of work today, according to a new study from Marmite.
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Celebrating 40 years of success in Central California
It's time to celebrate! Manco Abbott kicks off 40 years of service in Central California with a variety of exciting projects and events in 2012. Our business partners, customers and community are invited to join the festivities.
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