Retail
Holiday Retail Outlook: Strong and Creative
In a new report, CBRE sets out four trends that could define the holiday shopping season. Some are smart evolutions of previous trends, while one will seek to build on the ashes of a departed category-killer.
Record-Breaking Retail Sale Closes in Orange County
CBRE has facilitated the market’s highest-priced retail purchase of 2018, with the Huntington Beach asset changing ownership from Watt Cos. to Stockbridge.
EDGE Fitness Expands into Michigan
The company will open two new clubs in Farmington Hills and Sterling Heights by the fourth quarter of 2019, as it works to expand into the Midwest and the Pennsylvania metro area.
On the Market: 5 Interesting Listings for October
This month’s listings include a CVS Pharmacy store in Michigan, a vintage multifamily asset in Richmond, Va., and a recently renovated flex building in Miami.
Morgan Stanley to Buy Helsinki Mall for $592M
Advised by Cushman & Wakefield, Wereldhave will sell Itis, a 1.1 million-square-foot property counted as one of the largest shopping centers in the Nordics.
Brick-and-Mortar Gets a Break
A landmark Supreme Court ruling is good news, particularly for smaller and emerging retail property operators, says Transwestern’s Crystal Allen.
Inland Empire Shopping Center Commands $26M
CBRE has arranged Tarski Group’s acquisition of Heritage Plaza, a 119,000-square-foot retail center in Riverside, Calif., from a pair of Orange County developers.
Marcus & Millichap’s Nadji on What’s Shaking Up the Industry
At the 2018 CREW Convention and Marketplace in San Diego, the firm’s CEO talked about the most important trends currently impacting the real estate services business.
Executive Spotlight: Michael Phillips, Jamestown
The company’s president shares his views on how technology disrupts the real estate climate and what’s next for the investor/developer, as it expands outside of the U.S.
Fourpost Aims to Change the Retail Landscape With New Model
Founder & CEO Mark Ghermezian’s company is launching Nov. 1 at North America’s two biggest malls, with a collection of brands looking to make the move to brick-and-mortar locations without the long-term commitment.