No Cap by CRE Daily · 11/8/2026 · 64 min
First Washington Realty CEO on Building a $9B Retail Empire
Transcript (7 segments)
Alex Nyhan
We've roughly three X the size of the company in the last 12 or so years, and much more importantly than the fact that we three X it, we've increased the quality of the portfolio.
Alex Nyhan
Knowing how to structure a deal and negotiate 100, 200, 300 million project is a pretty sweet high-end skill in our business. Not everybody has it.
Alex Nyhan
If you ranked our portfolio on percentage grocery anchored compared to the reads, we'd be the number one.
Alex Nyhan
we very much believe in grocery stores for sure.
Alex Gornick
The market has delivered a verdict and the verdict is that open air retail occupancy was already much higher than enclosed malls occupancy and today that gap is wide.
Alex Gornick
In the last four years or so, I've come back to using exactly the things that I learned when I first started managing people in Latin America.
Jack Stone
Today, we're joined by Alex Nian, CEO of First Washington Realty, one of the largest owners and operators of grocery anchored and neighborhood retail in the country with nearly 150 shopping centers across 22 states.