April 24th marked the second annual CP Exchange hosted by Capital Pacific.
The exclusive event gathered the most active retail owners, buyers, and developers in the Northwest to meet and discuss “Insights Beyond the Obvious” in commercial real estate.The atmosphere was hip and urban, set in Coopers Hall’s new space in inner southeast Portland. After a lively cocktail and wine hour, the group settled down to a panel-led discussion moderated by Kevin Adatto and Scott Frank of Capital Pacific.
Barry Cain | Gramor Development
Bob Currey-Wilson | Fred Meyer
Jon Mendis | ROIC
John Krupka | Walgreens
David Howitt | Meriwether Group
On general retail and commercial investment
Jon Mendis of ROIC spoke of his organization’s Pacific NW focus and noted what other companies wishing to acquire higher quality centers in the Northwest ‘s metrics should look like.
On evaluating urban versus suburban markets
Barry Cain of Gramor Development, David Howitt of Meriwether Group and Jon Mendis expect popular urban tenants to continue expanding to higher demographic and growth suburban areas and how limited supply effects these markets.
On retailer’s adaptation to the rise of e-commerce
Bob Currey-Wilson of Fred Meyer and John Krupka of Walgreens shared how their organizations are responding to demand for seamless cooperation between online and in-store purchases. Both shared what their respective companies are doing to meet new and trending consumer demands.
The panelists also offered their unique insight on the continuing evolution of grocery-anchored retail and what factors will likely influence their organization’s or their clients’ future developments.
The candid discussion impressed many of the attendees, who appreciated the thoughtful questions that dug deeper into the why and how of commercial real estate trends.