Retail
How Walgreens’ Store Closings Will Affect Landlords
As the drugstore chain plans to shutter hundreds of locations, how will the move affect retail investors? Net lease executives weigh in.
Q&A: The Key to Competitive Financing for Retail
Mitch Paskover, president of Continental Partners, delves into the extra demands that investors in this fast-changing sector face when they seek debt and equity partners.
Tenants That Answer Retail Owners’ Prayers
Religious organizations can be promising candidates to backfill big-box spaces, and financial institutions are fueling this trend, reports Centennial Bank’s David Druey.
DJM, Gaw Capital Purchase Iconic Hollywood Retail Complex
The private equity firms have teamed up to acquire the 463,000-square-foot shopping center from CIM Group. The property also houses the venue for the Academy Awards ceremony.
Weingarten Sells Inland Empire Shopping Center for $89M
Lucescu Realty has arranged the sale of the 700,000-square-foot Jess Ranch Marketplace to a privately held investment company after having fielded inquiries from a diverse group of investors.
ICP Continues Expansion in Cleveland Area
The company acquired the former Dillard’s store at Midway Mall in Elyria, Ohio, after previously purchasing the Sears building and Sears Auto Center, both part of the same retail property.
Los Angeles’ South Bay Galleria to Get Mixed-Use Makeover
QIC Global Real Estate has formed a partnership with L Catterton Real Estate for the redevelopment of the 960,000-square-foot Redondo Beach property into a 30-acre destination.
Washington Prime Group Adheres to Solar Rooftop Systems
The retail REIT signed agreements with Safari Energy for the installation of 2.3 MW of solar arrays at coastal state shopping malls.
Hap Stein Steps Down as Regency Centers’ CEO
Lisa Palmer, the retail REIT’s president & CFO, will succeed Regency’s longtime leader on Jan. 1, 2020. Stein, who has served as CEO since 1993, will stay on as executive chairman.
CVS Building in Connecticut Changes Hands for $30M
Midwood Investment & Development sold the retail property, which is triple-net leased to the pharmacy giant through 2038. The area is one of the most prestigious retail corridors on the east coast.