Retail
Is the Retail Sector at a Crossroads?
According to a new Deloitte report, much of the sector is strong and growing, with both high-end and price-conscious retailers seeing revenue gains over the past five years.
Bluemercury Comes to Chicago’s Fulton Market
The luxury beauty and spa chain signed a lease for 1,800 square feet at the 900 West mixed-use development. The store is expected to open in the summer of 2018.
Hanley Investment Group Arranges Sale of Sacramento Retail Center
Situated in the North Natomas community, the one-story property was sold in an off-market transaction. The asset was recently evaluated at approximately $5 million.
Northpark Breaks Ground on MS Mall Redevelopment
Phase one for the roughly 960,000-square-foot property includes new public entrances, amenities, common-area gathering spaces, fresh interior and exterior landscaping, as well as a complete resurfacing of the parking lot.
Kite Trades 2 Retail Assets for $63M
The company sold Trussville Promenade and Memorial Commons, two shopping centers totaling nearly 600,000 square feet. The Trussville deal marks the company’s exit from the Alabama market.
DC-Area Retail Center Trades for Record Price
Facilitated by Calkain Cos., the property traded for $4.8 million, attaining $925 per square foot and a cap rate of 5.5 percent.
L3 Snags Chicago Retail Building
The property comprises 10,141 square feet and is fully occupied by The Northern Trust Corp. Mid-America Real Estate Corp. brokered the transaction on behalf of the seller.
Is a City Location Worth It?
This month, CPE and Kingsley Associates partnered to find out the pros and cons of urbanization for CRE.
Is Cold Storage Heating Up?
The increase in online grocery sales will generate demand for as much as 35 million square feet of U.S. cold-storage space within the next seven years, according to a new report from CBRE.
The Reinvention of Brick-and-Mortar Shopping: Part Science, Part Art
Physical retail continues to be a vital point of sale. Therefore, the new thinking for owners of retail space should be centered around how to manage the physical asset in ways that facilitate how we shop today.