Retail
Colliers Secures Indianapolis Retail Center Sale
The roughly 9,000-square-foot retail center includes tenants such as Morellis Cleaners, Binford Café and Black Diamond BBQ. An additional 1,400 square feet is available for lease.
Retail Shows Surprising Resilience: IRR Report
Despite retailer bankruptcies and the onslaught of e-commerce, the retail real estate sector in most markets is in reasonably good shape, the analysis concludes.
Faris Lee Arranges Sale of Retail Center in CA
Southwood Village, a 66,958-square-foot facility in Torrance, Calif. traded to a private 1031-exchange buyer, based in the South Bay. The asset changed hands for $21 million.
Paces Taps New Management for Atlanta Portfolio
The ten retail and mixed-use properties—two of which are currently under construction—contain approximately half a million square feet.
Brixmor Sells Suburban Nashville Retail Asset
The nearly 300,000-square-foot shopping center is anchored by Publix and home to Bed Bath & Beyond, PetSmart and a number of other retailers.
NKF to Lease Redeveloped Mall in NY
Lesso Mall Development Long Island Inc. will transform the former Source Mall and Fortunoff building into a mix of home furnishings showcase, restaurants, community centers and co-working space.
Economy Watch: Retail Sales Dip in January
The monthly drop is in contrast to December, when adjusted sales were up 0.4 percent compared with the month before, the Census Bureau reported.
HOLT CAT to Open First Regional Facility in Georgetown, TX
For the construction of the 85,000-square-foot property, the city council approved an economic development agreement that could exempt the company from up to $1.5 million in sales taxes.
Repurposing Retail Properties in the Age of E-commerce
Kim Ashby, a partner at Foley & Lardner, explores the types of remedies that have gained traction in multiple sectors and which point to types of development which have shown the most success in revitalizing a retail property with ebbing net-operating income.
Atlanta-Area Retail Portfolio Trades for $35M
The four properties are situated across Gwinnett, Henry and Clayton counties and have a combined occupancy of 92.5 percent. Retail Planning Corp. will handle leasing and management.