Retail
COVID-19 Boosts Demand for Single-Tenant Drugstores
Cap rates for the property type increased while available stock declined, according to a new report from The Boulder Group.
Q3 Retail Fundamentals Deteriorate Further, CBRE Finds
Total net absorption saw its largest decline since the Great Recession, according to the firm’s latest report.
Partners Capital Acquires Austin Retail Asset
The buyer purchased seven of the property’s 17 buildings, which consist of 69,000 square feet.
Prudent Growth Partners Bolsters Retail Portfolio
The company paid $4.5 million for two Dollar General and three Family Dollar stores in North Carolina.
Divaris Expands Hampton Roads Leasing Portfolio
The company added three shopping centers totaling some 380,000 square feet to its Virginia footprint.
Taubman Centers Sells 760 KSF Connecticut Mall
An arm of home furnishings maker Safavieh acquired Stamford Town Center from the REIT, with plans to revitalize the nearly four-decade-old property.
Bon Aviv Sells Grocery-Anchored Shopping Center in Maryland
Neuman Commercial Group arranged the sale of the fully leased retail asset, located about the same distance from Washington, D.C., and Baltimore.
Marcus & Millichap Adds Retail Division Lead
Daniel Taub brings more than 25 years of industry experience to his new role as senior vice president & national director.
Westfield Upgrades Shopping Centers With Solar Power
The move is part of URW’s global environmental sustainability initiative, dubbed Better Places 2030.
HBC Launches New CRE Investment Business
North America’s oldest retailer has created HBC Properties and Investments to manage its 40 million-square-foot portfolio.