Retail
Parallel Capital to Manage 1 MSF Honolulu Portfolio
The San Diego-based company assumed asset management of a collection of downtown Honolulu office and retail properties, and added a new regional vice president for the Hawaii market.
Pine Tree Affiliate Buys Suburban Cleveland Retail Asset
HFF’s Clinton Mitchell and Amy Sands brokered the sale of Streetsboro Crossing shopping center, while William Barry of Draper & Kramer arranged the financing.
Momentum Persists for Industrial, Office Sectors; Lags for Retail
Occupants and investors believe that online shopping will continue to weaken the retail market, according to a new RICS U.S. Commercial Property Monitor report.
Why Retail Is Not Going Through an Apocalypse, But a Reincarnation
In a new FTI Consulting podcast, Senior Managing Director Cynthia Nelson admits that although she’s been through several real estate cycles, there’s nothing quite like what’s happening in retail nowadays.
Greater NYC Area Leads U.S. in Retail Construction
While new building activity declined in the five boroughs over the last few years, it increased in the suburbs, according to a new report by the New York Building Congress.
Colliers Lands 2 Michigan Stores for Gourmet Donut Brand
The Donut Conspiracy is opening locations in Grand Rapids and Grandville with help from Colliers International, which found the new sites for the dessert and coffee retailer.
Brixton Capital Sells CA Retail Center for $50M
A foreign investor acquired the 290,000-square-foot asset in the Inland Empire through a 1031 exchange. The deal marks Brixton’s seventh disposition over the last six months.
Miami Worldcenter to Get More Retail, Parking
The development team of the 27-acre mixed-use project has started construction on a 50,000-square-foot retail structure and a public garage.
There’s a New $800M Ball Game in Hutto, TX
The public-private partnership is set to transform the City of Hutto into one of the top scouting destinations in the U.S.
IL Dual-Tenant Retail Asset Changes Hands
President Chad Firsel from Quantum Real Estate Advisors represented both parties in the $2.7 million transaction. The property last traded almost a decade ago.