Retail
Joint Venture Nabs Philly-Area Shopping Center
CBRE obtained $18 million in financing for the purchase of Forks Town Center in Easton, Penn. The 100,250-square-foot property is anchored by a Giant Food Store.
Apple Opens New Flagship Store in Chicago
The strategic riverfront location will help connect the shop with the Chicago River and North Michigan Avenue’s Magnificent Mile. The main idea of the design was to minimize the boundary between the city and the river.
Transwestern Reps Seller of 277 KSF IN Retail Center
Berengaria Development has acquired the 277,059-square-foot shopping center with 96 percent occupancy rate. Tenants include Dick’s Sporting Goods, Five Below and Home Goods.
Levin to Lease, Manage NJ Retail Center
Commons at Hooper is a 120,350-square-foot community shopping center in Toms River, N.J., anchored by Michaels and DSW Designer Shoe Warehouse.
First Phase of Bakersfield Commons to Start in 2018
World Oil Corp., which owns the site, chose Trammell Crow Co. to be the master-developer of the project that will feature residential, retail, industrial and office space along with a luxury theater and hotel.
Report Explores Technology’s Role in CRE Trends
Possibilities include wi-fi ads, multi-building green planning, even drone high-rises. The bank’s latest report details what’s still to come and what the industry’s disruptors will be.
Blackstone Affiliate Sells UT Retail Center for $33M
Newmark Knight Frank has completed the sale of Red Rock Commons, a 134,152-square-foot retail center in St. George, on behalf of Shopcore.
CRE Financing: More Regulation, Non-Bank Lending
Triple Net Financial’s Brandon Johnson weighs in on the challenges in commercial real estate financing, the impact of regulations on potential growth and which markets are still ripe for retail development.
Ft. Lauderdale-Area Retail Center Changes Hands
David Donnellan and Patricia Friend of CBRE’s South Florida Retail Investment Properties team assisted the seller in the transaction. Florida Credit Union originated the acquisition financing.
Canyon Square Plaza Trades for $23M in Santa Clarita
Kimco Realty REIT sold Canyon Square Plaza to a private high-net investor. The occupancy rate of the property was 96 percent at the time of the sale.