Retail
CBRE Hires Industry Veteran in Cleveland
Ken Stern brings more than 30 years of experience to his new position as first vice president. He will represent retail center owners in negotiations with restaurants.
On the Market: 5 Interesting Listings for September
This month’s listings include office, retail and industrial properties located in desirable neighborhoods in or near Las Vegas, Orlando, Minneapolis, Atlanta and Los Angeles.
Joseph Coradino is Transforming PREIT and the Mall Industry
The chairman & CEO of Pennsylvania Real Estate Trust is transforming its malls with elevated shopping choices and increased dining, entertainment and cultural offerings and adding co-working, office, residential and hotel mixed uses.
Aztec Arranges Refi for 2 Miami-Area Properties
City National Bank provided loans totaling $13.5 million for a shopping center and a Bank of America building north of downtown Miami.
Nearly $1.5B in CMBS Possibly at Risk from Hurricane Florence
Morningstar Credit Ratings has identified more than 180 securitized commercial mortgages on properties in North Carolina counties that have been declared disaster areas because of the storm.
Tikehau Capital to Acquire Leading French CRE Firm
The transaction, which predominantly involves office and retail properties, will increase the alternative asset management and investment group’s portfolio from approximately $3 billion to $8.6 billion.
Knoebel Construction Delivers St. Louis HopCat Restaurant
Together with architect Cuhaci & Peterson, the two companies renovated a historic building in the Delmar Loop neighborhood and created HopCat’s 17th location in the U.S.
Chattanooga Retail Asset Changes Hands
Six Pines Realty, owner of the grocery-anchored shopping center, sold the 86,000-square-foot property for more than $18 million to Publix.
Silicon Valley Whole Foods Nets Hefty Sum
Imperial Hornet Developers purchased a 50,500-square-foot retail property in Los Altos, Calif. Cushman & Wakefield represented the buyer.
Simon, Macerich to Develop LA-Area Retail Project
The 566,000-square-foot outlet center in Carson, Calif., will be constructed in two phases and is expected to open in fall 2021.