Retail
Salt Lake City-Area Retail Center Lands $69M Refi
Dallas-based TriGate Capital received the financing for the 726,000-square-foot, Harmons-anchored property in Taylorsville, Utah. HFF secured the 3-year, floating-rate loan.
Navigating the New Age of Retail Real Estate
The sector is changing, pushing savvy owners and operators to consider alternative uses and embrace creative concepts, according to BDO’s Stuart Eisenberg and David Berliner.
How Sears’ Bankruptcy Filing Will Influence Retail
While some malls may be hit hard, others will look to redevelop the anchor spaces with different uses, such as apartments, hotels, restaurants, offices and entertainment offerings.
Restaurant Chain Opens New Manhattan Location
After the closing its Lower East Side eatery, Calexico will occupy 4,700 square feet in a mixed-use East Village property owned by MGM Management.
DC Retail Center Lands $61M Financing
Walker & Dunlop arranged the loan for The Shops at Dakota Crossing, a 140,000-square-foot retail center. This will replace the existing construction capital stack with a stretch senior bridge loan.
Heslin Holdings Acquires Tucson Retail Asset
The acquisition is part of the company’s plan to invest $75 million in shopping centers across the nation during the next year.
Marcus & Millichap Sells Indianapolis Retail Development
The property is part of The Village at Eagle Creek shopping center and was put under contract before it was completed earlier this year.
DealPoint Merrill Acquires Ohio Retail Store
The company plans to develop a $70 million mixed-use project on the site of the Richmond Town Square Mall in Richmond Heights.
Sammy Hagar’s Chain Opens First East Coast Restaurant
Cabo Wabo Cantina will occupy an entire 8,300-square-foot retail property on Midtown Manhattan’s Eighth Avenue corridor, which previously served as a Wahlburgers restaurant.
ORION Arranges Phoenix Retail Acquisition
The fully occupied property last traded in 2014. The asset serves four major neighborhoods and sees an average annual daily traffic count of roughly 24,000 vehicles.