Retail
Houston Retail Center Opens Doors
Located in Houston’s Shenandoah submarket, the Portofino Shopping Center is already anchored by T.J. Maxx, DSW, Michaels, PGA Superstore, Old Navy and PetSmart.
Lettuce Entertain to Open New Chicago Restaurant
The retailer signed a 38,000-square-foot lease at 321 N. Clark St. in Chicago’s River North neighborhood. The restaurant is slated to open in the summer of 2019.
CRE Development Trends in the Midwest
Retailers are racing against the clock to fulfill online orders, pushing them to invest in large distribution facilities all across the Midwest. Laird Goldsborough, president of Valbridge Property Advisors, talks about secondary markets that are in the spotlight.
Miami’s Wynwood Full Potential Yet to Be Tapped
Tony Cho, president & CEO of Metro 1, discusses the neighborhood’s growth within the last years and whether its success formula can be replicated elsewhere.
NY Shopping Center Lands $19M Financing
The 123,073-square-foot Rosman Center, located in Haverstraw, N.Y., has ShopRite as its anchor tenant. NorthMarq Capital procured the loan on behalf of the borrower.
Brixton Capital Buys Phoenix Retail Center
Weingarten Realty Investors sold the fully leased Palmilla Center with help from HFF’s Managing Director Bryan Ley. The shopping center is anchored by Fry’s Food & Drug.
Scotiabank Inks 19 KSF Cayman Islands Lease
The LEED Gold-certified mixed-use building opened in 2016 and is home to PwC and a number of other financial services firms.
Miami Retail Project Lands $35M Construction Loan
BLVD at Lenox is expected to become South Beach’s first commercial LEED Gold certified property, with a delivery date estimated for early 2019.
WNC Shopping Center Changes Hands for $33M
EDENS has sold the Whole Foods-anchored, 130,000-square-foot Asheville Market, located in Western North Carolina’s largest city.
JV to Transform LA Mall into Office Property
Hudson Pacific Properties and Macerich will redevelop 500,000 square feet of Westside Pavilion into creative office space, reserving 100,000 square feet for its existing entertainment retail space.