Regions
Q&A: Retail’s Rise Through Adaptive Reuse
As we may be heading to a predominantly e-commerce-oriented world, the traditional brick-and-mortar spaces are transforming. Bilzin Sumberg’s Adam Lustig reveals how retail center owners are adapting to the ever-changing retail environment and how space conversions make room for improvement.
CBL Properties Redevelops Central IL Mall
A number of new tenants have committed to the redevelopment, including fashion retailer H&M along with Planet Fitness and Outback Steakhouse.
NAIOP Arizona Appoints Chairman of the Board
In his new role, Andrew Cheney will contribute to the organization’s 2018 mission to provide educational opportunities, oversee public legislature initiatives and promote networking events. He will also support NAIOP’s Developing Leaders program, which he helped found.
Economy Watch: Hiring Less Robust in December
Despite lower overall job creation, employment gains occurred in industries that support real estate space absorption, such as health care, construction and manufacturing.
ARA Goes Shopping in Twin Cities
The newly constructed property is located close to downtown St. Paul and downtown Minneapolis and includes retail space and a medical business center.
Avison Young Brokers 638 KSF Chicago Industrial Deal
The three assets making up the portfolio are located in Arlington Heights and Bridgeview, Ill., and were sold by a Chicago-based institutional pension fund advisor.
Scannell Properties Nabs 18-Acre Parcel in North Charlotte
HFF facilitated the $1.5 million sale. Scannell plans to build a 150,000-square-foot industrial flex building on the site, which is located in a 2.6 million-square-foot, master-planned community.
Broe Real Estate Snags CO Asset
Located at 2452 Clover Basin Drive, the 461,000-square-foot business campus was renovated and expanded in 2001 in conjunction with a long-term lease with Seagate Technology.
Regency Acquires Seattle Shopping Center
Anchored by Whole Foods Market, Roosevelt Square is currently 100 percent leased and marks the company’s 11th property in the metro.
AEW Sells Salt Lake City Industrial Asset for $37M
NKF Capital Markets brokered the off-market sale of the 426,866-square-foot facility, which is fully occupied by Metro Logics, a third-party medical logistics firm.