Exclusive Interview: CBRE's New, 28-Year-Old Head Of Retail Research

For the kinds of changes the world’s biggest real estate services firm was aiming for to knock down the silos between its research and brokerage arms, an outside-the-box hire seems like a natural choice for its new Americas head of retail research. And that’s exactly what they got in Melina Cordero.

Melina does not have a background working for a large commercial real estate firm. Her previous job was launching the American platform of a British retail analytics startup called Path Intelligence, which went out of business (not her doing). Before that, she was working in urban planning policy for Parliament. The original one, not the George Clinton one.

Oh, there’s one more thing: she’s 28. But, she says, her age never came up in conversations with CBRE, and her ideas for the future of the retail research division were far more important to CBRE’s Americas head of research Spencer Levy and its head of retail, Anthony Buono.

“My goal is for us as researchers to be indispensable for how the brokers do their business and their work,” Melina told Bisnow last week. “If you talk to Spencer and Anthony, they are on the exact same page.”

In a statement, Anthony (above speaking with Bisnow in 2013) said “Melina’s work at CBRE will be a key component of our multifaceted strategy for serving retail clients.”

Melina is a native of Prince George’s County (she still calls it PG County) and her home base will be DC after years in London and Miami. But she’ll be all over the country, doing on-the-ground research and helping broker teams sign deals nationwide.

That on-the-ground research includes diving more into key trends she sees having more of an impact on retail real estate in 2016: placemaking, technology/data and “clicks to bricks,” online retailers opening up brick-and-mortar shops, like Warby Parker and others have already done in DC. Even Birchbox, a subscription mailing service, has a kiosk in the Rent The Runway storefront in Georgetown.

“The cliché goes the Internet is killing physical retail, but it’s not,” Melina says. “It’s transforming it.”

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Trump's New Canadian Tariffs To Spike Additional Materials Costs

Wells Fargo Moves To Foreclose On $1.3B Workspace Property Trust Portfolio

Turner Construction Hit With Cyberattack, Hackers Claim Leaks Of Military Info, NDAs

Latest Round Of Fannie Mae Senior Staff Layoffs Has Multifamily Sector Anxious

Why Hines Is Restarting Its Development Engine

How Integrated Infrastructure Can Help AI Data Centers Deploy Faster, Build Smarter

Nvidia Buys Stake In Data Center Power Company

Invesco Cuts Fees, Adds Incentives To Quell Fund Redemption Requests

Investors Anchor Big Capital Into Marinas, Betting On Shallow Supply

Nike Closes 15 Stores Amid Tumultuous Year

Large Commercial Real Estate Sales Up 30% Despite Economic Headwinds

Evergrande Founder Sentenced To Life, 56 Others Sent To Prison In China