News
WPG, O’Connor Close Second Retail JV
Washington Prime will continue to lease and manage the 2 million-square-foot portfolio, which comprises seven open-air shopping centers valued at $600 million.
Opinion Shopping
What do retail owners really think? CPE partnered with Kingsley Associates to find out what they like—and don’t like—about their retail centers.
Caves Valley, Greenberg Gibbons Team Up in Maryland
The companies are investing $350 million in the construction of a 1.2 million-square-foot project that will bring office, retail, luxury residential, student housing and a hotel to downtown Towson.
CBRE Snaps Up South Florida Firm
The acquisition of Brenner Real Estate Group expands the company’s footprint in Broward and Palm Beach counties.
Waveform Collection Offers Unique, Architectural Lighting
The manufacturer, already known for its avant-garde products, released the new range in time for the 2017 International Contemporary Furniture Fair in New York.
Retail Scuffles, But All Is Not Lost
News of retail bankruptcies and store closings might be making the most headlines, but retailers and retail owners that can adapt to changing consumer preferences and compete with the rise of e-commerce can still prevail, argues Yardi Matrix Analyst Justin Dean.
Economy Watch Weekly: Retail Sales, Inflation Rise in April
The U.S. economy saw a boost in retail sales and the consumer price index in April, which could increase the chances of the Federal Open Market Committee deciding to raise interest rates at its June meeting.
Carter Validus Grabs Largest Data Center in Connecticut
In addition to the data center, the REIT bought four health care facilities in Illinois and Texas, the purchase price for all five properties being over $141 million.
Avison Young Promotes Veteran to OC Brokerage Director
Keith Kropfl, a 25-year commercial real estate industry veteran specializing in the sale and leasing of retail properties throughout Southern California, will oversee the firm’s Irvine office.
Level 3 to Transform Downtown San Diego Hotel
Narven Enterprises has selected the company to renovate the Holiday Inn Express, a 131-key property. The makeover will include room upgrades and the addition of 13 new guestrooms.