MJF005 BOOK REVIEW: Developing and Acquiring a Neighborhood Shopping Center by Doug Bercu

by Michael Flight

06.26.2018

BOOK REVIEW: Developing and Acquiring a Neighborhood Shopping Center by Doug Bercu

This Short Book Is Packed With Just About Everything You Need To Know To Develop A Shopping Center!

I read (or listen to audiobooks) a lot of books. Between 50 and 70 per year. While browsing through Amazon to see if there was any in new books on shopping centers (design, investment or development), I was pleasantly surprised to find Developing and Acquiring a Neighborhood Shopping Center by Doug Bercu. I know Doug through his longtime partner Mike Timmons whom I had the pleasure of working with at National Property Analysts, Inc. in the 1980s.

Doug knows the subject of shopping center development and leasing through his years of practice and experience.  This is an excellent little book that gives you the basics of shopping center development from a true expert in his field. I am certainly biased because Doug is an old school “Leasing Dog” who knows what it takes to do deals with both national and local tenants.  He also understands that everything in shopping centers is driven by tenants – without tenants you don’t have income. He also explains how leases with anchor tenants drive the shopping center development size and design.

Doug’s introduction alone is worth the price of the whole book. If you are just getting into shopping center development or want to get into the shopping center business, I highly recommend the section entitled “The Most Important Words In This Book“.

He also gives you site plan layouts, proformas, shopping center designs and even leasing signs.  He also explains the roles of the pivotal players involved with your development from anchor tenants, small shop tenants, civil engineers, contractors, lenders and local government officials.

I especially like his short case studies towards the end of the book. This book is for anyone looking to learn more about shopping center development or the shopping center investment business and retail real estate.  It is also a great resource for shopping center leasing or if you have a piece of land that might be a great opportunity for retail real estate. It was an excellent refresher for me on the ground up shopping center development process and his case study on a small shopping center redevelopment is also fantastic.

I highly recommend this book!

https://www.amazon.com/Developing-Acquiring-Neighborhood-Shopping-Center/dp/1542995485

LEGAL AND TAX COUNSEL: Concordia Realty Corporation and Michael J. Flight and their affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction or undertaking. Concordia Realty Corporation and Michael J. Flight highly encourage individuals and investors to seek the counsel of a qualified attorney as well as seek the counsel of a tax professional or Certified Public Accountant (CPA) to determine if there are any potential tax liabilities or consequences as the result of anything contained herein. NO GUARANTEE: All users of this website should understand there are NO GUARANTEES of any success, outcome or profitability of any transaction or undertaking, expressed or implied by Concordia Realty Corporation and Michael J. Flight or any of its members, shareholders, officers or affiliates and will NOT be liable for any financial or other losses or damages incurred as a result of any undertaking. Go HERE to view complete DISCLOSURES.

 

About the Author: Michael J. Flight

Let your investment dreams take flight with the expert help of Michael Flight, principal investor at Concordia Realty.

Michael has worked for more than 28 years and handled more than $500 million worth of real estate transactions on behalf of his clients at Concordia Realty. Michael began his business in the realm of retail real estate, with Concordia Realty now handling third-party property and asset management services for a variety of commercial real estate investments.

He also specializes in revitalizing distressed investments for partners, adding value for clients … including banks, insurance companies, and hedge funds. Michael has consulted for some of the top investment and development companies in the world … and now his knowledge is available to YOU.

Are you searching for someone who can maximize the full potential of your property? Not only do Michael and his team at Concordia specialize in intensive hands-on property management, but they also bring the right relationships with attorneys, consultants, and contractors to the table.

With extensive experience in development, leasing, sales, property management, and innovative financing techniques, Michael and his trained team have the ability to make your property into the cash cow you know it can be.

Ready to take flight? Use the CONTACT page HERE, and a member of the Concordia team will be in touch promptly!

Michael J. Flight

Principal at Concordia Realty Corporation
CEO & Co-Founder of Liberty Real Estate Fund
Co-Founder & Chief Strategy Officer of Invest On Main
Co-Founder of Blockchain Real Estate Summit

Michael J Flight was named the Godfather of Blockchain Real Estate by Forbes Crypto Editor Dustin Plantholdt. Michael achieved that distinction by co-founding Liberty Real Estate Fund, the World’s First Net Lease Security Token FundTM and creating the Blockchain Real Estate SummitTM. More recently, Michael has co-founded Invest On Main (IOM.ai) the Real Estate & Alternative Asset marketplace of the future and AcceleratedLaw a faster, more affordable way to create and tokenize securities offerings!

Michael is a real estate entrepreneur and real estate tokenization pioneer who is an expert in retail real estate investment, redevelopment and real estate on the blockchain. He started his commercial real estate career in 1985, and then co-founded Concordia Realty Corporation in 1990, which continues to partner with some of the world’s most well-known banks, insurance companies, hedge funds and institutional investors in many successful investments.

Michael is a real estate entrepreneur and Blockchain Real Estate evangelist who is an expert in retail real estate (Shopping Centers and Single-Tenant Net-Leased) investment, redevelopment and real estate on the blockchain. He has an extensive record of value-add shopping center redevelopment and with partners Merchant Equity Group, LLC as a pioneer in de-malling (repurposing enclosed malls). Michael has been active in commercial real estate over the past 35 years.

Ready to take flight?

Use the CONTACT page HERE, and a member of the Concordia team will be in touch promptly!