Retail
PAC Grabs Raleigh-Area Shopping Center
The purchase of the 122,800-square-foot, grocery-anchored property through the company’s wholly owned subsidiary, New Market Properties, marks another step in a Sunbelt-area expansion strategy.
TREIS Closes Sale of Tampa Retail Assets
Tiktin Real Estate Investment Services President Adam Tiktin represented the seller in the transaction, while U.S. Bank originated the acquisition financing to facilitate the deal.
Most Sectors Near Peak, But Crash Unlikely: RCLCO
A strong economy and healthy property market fundamentals will sustain positive operating and investment performance into 2018, the advisory firm projects in a new report.
NewMark Merrill Adds New VP
The shopping center owner and manager hired Quang Nguyen as vice president of marketing and technology. Nguyen brings 17 years of experience to the company.
Appetite for Restaurants Stays Healthy, Despite Volatility
Notwithstanding some hiccups, like declining revenue in the fast-food sector, the market for net-leased eateries has never been stronger, Matthew Berres and Scott Bailey of JLL explain.
TOD Gets High-Touch Treatment in San Francisco
San Francisco’s Transbay Terminal is getting a high-tech media platform, thanks to its new promotional partner, Pearl Media. The state-of-the-art transit hub, to be renamed Salesforce Transit Center, will feature 274 digital screens, along with shopping, dining and a rooftop park.
TN Walmart Portfolio Changes Hands in $50M Deal
The portfolio traded with help from NAI Rauch Weaver Norfleet Kurtz & Co. and consists of four stores located Chattanooga, East Ridge, Murfreesboro and Knoxville.
Phillips Edison Adds 600 KSF to Its REITs
Acting on behalf of its two real estate investment trusts, the company acquired six grocery-anchored properties in various transactions.
Sacramento-Area Walmart Central Trades for $40M
Nazareth Enterprises Inc. surpassed the $100 million mark in acquisitions in the third quarter with the purchase of the 139,277-square-foot asset in Folsom, Calif.
PGIM Secures $33 Million Loan for Columbus Retail Center
The financing will support capital improvements to Graceland Retail Center, a 456,021-square-foot property located nine miles from Columbus’ central business district.