Retail
Trinity Wall Street Scores $400M for NYC High-Rise
Cushman & Wakefield arranged the acquisition financing for 375 Hudson St., a 19-story Class A office and retail building in Manhattan.
NJ Shopping Center Welcomes First Tenants
CBRE has secured two leases for owner Sun Equity Partners at its newly developed The Greenleaf at Union, a 110,000-square-foot shopping center located in the heart of Union, N.J.
Economy Watch: Internet Sales Keep Climbing
By D.C. Stribling Since the dawn of Internet commerce, seasonally adjusted sales using that platform have moved in one direction: up. That trend continued in the second quarter, the Census Bureau reported on Thursday, with U.S. retail e-commerce sales up 4.8 percent compared with the first quarter. (Unadjusted Internet sales tend to bottom out in the first quarter and peak in the fourth, like all retail sales.) Year-Over-Year Jump As usual, the bureau adjusts for seasonal variation, but not for price changes, which have been fairly modest in recent years. Altogether, second-quarter Internet sales totaled $111.5 billion. That’s also a 16.2…
Novak Construction Delivers New Portillo’s Restaurant
The 9,000-square-foot property was built on the former site of Motel 6 in Normal, Ill., and marks Novak’s sixth development for the retailer.
Tavistock to Create Digital Plan for 3.8 MSF Orlando Project
The developer is partnering with tech company Intersection to enhance retail offerings at Lake Nona Town Center, a mixed-use destination within the 17-square-mile Lake Nona master-planned community.
CBRE Scores Retail Assignment at Upcoming Suburban Miami Asset
Giralda Place is a recently topped off mixed-use development located in Coral Gables, Fla., comprising ground-floor retail, Class A office space and 33 luxury residences.
Marcus & Millichap Division Sells 182 KSF Retail Center
Institutional Property Advisors brokered the sale of North Heights Plaza, a shopping center in Huber Heights, Ohio. The asset is anchored by Dick’s Sporting Goods and Big Lots.
Millenia Commons, Ayres Hotel Break Ground in SoCal
The 131,000-square-foot lifestyle center and 135-key boutique property will be part of a multibillion-dollar master-planned community in south San Diego County.
Running Toward Retail: Banking on the Lasting Appeal of Downtowns
The in-person shopping experience can thrive in revitalized core districts, representing a potential goldmine for small business tenants with strong customer relationships.
Shea Unveils 76-Acre Bay Area Plan
The company has teamed up with SCS Development for the creation of At Dublin, a sprawling retail hub anchored by entertainment offerings and a food marketplace.