Retail
Work Begins on Albuquerque’s Snow Heights Promenade
Snow Heights Promenade will feature a $45 million Entertainment Lifestyle center consisting of more than 127,000 square feet of retail space connected by an Entertainment Sound Stage placed in the center of the promenade.
Hanley Arranges $22M Inland Empire Retail Sale
The 62,952-square-foot newly remodeled regional shopping center in Riverside, Calif., was 98 percent occupied at the time of the sale. Only eight shopping centers in the Inland Empire changed hands for more than $20 million in the past 12 months.
Mid-America Real Estate Brokers KS Shopping Center Deal
The buyer of the 100,000-square-feet property located in Derby, Kan., was Cole Credit Property Trust V Inc. The tenants are Hobby Lobby, Ross Dress for Less and TJ Maxx.
San Francisco Union Square Asset Trades for $69M
The seven-story property located in the Union Square district of San Francisco houses retail tenants on the first and second floors and multiple office tenants on the remaining floors.
Home Depot-Anchored Retail Center Trades in Phoenix
PASSCO Cos. sold the Laveen Village Marketplace to Litwin Management. The 56,747-square-foot asset sits within the Phoenix-Mesa-Scottsdale Metropolitan Statistical Area.
Westcore Buys Vancouver Business Park for $39M
The EastRidge Business Park, consisting of 25 free-standing retail, office and light industrial buildings, marks the company’s first foray in Greater Portland.
On the Market: 5 Interesting Listings for August
This month’s listings include a Texas retail property built in 1900 and completely renovated in 2015 and a mixed-use multifamily and retail asset in Brooklyn’s Williamsburg neighborhood.
Digital Distraction: E-Commerce Myths & Realities
As the line between click-and-order and brick-and-mortar continues to blur, our preoccupation with the impact of online retail misses the point, an industry veteran contends.
Marcus & Millichap Hires Retail SVP
Scott Hook rejoins the firm’s Newport Beach, Calif., office, following more than two decades with the firm. He will focus on retail transactions throughout the western U.S., with an emphasis on Southern California.
Brixmor Sells Buffalo Shopping Center
In a deal brokered by Cushman & Wakefield, an affiliate of Brixmor Property Group sold a 95,544-square-foot retail center in Buffalo, N.Y. At the time of the sale, McKinley Plaza was 98 percent occupied.