Retail
SRS Appoints National Net Lease Group VP
Based in the firm’s Newport Beach office, Ara Rostamian advises clients on the acquisition and disposition of retail real estate properties throughout Los Angeles, Southern California and the Western U.S.
Chicago PNC Bank Changes Hands for $4 Million
The buyer, a Canadian investment group, paid almost full price for the 7,500-square foot asset located in North Side Chicago. Marcus & Millichap negotiated the transaction on behalf of both parties involved.
Divaris Grows VA Portfolio With 1.3 MSF
The five retail properties bring the company’s leasing and management portfolio in the Mid-Atlantic and South-Central U.S. to almost 32 million square feet.
C&W Arranges $72M NorCal Retail Sales
Argonaut Investments, Hastings Ranch Shopping Center and Victory Village 2004 snagged three shopping centers in Rohnert Park, Fresno and Pinole.
LaSalle Nabs RH Asset in Atlanta’s Buckhead
The six-story 63,831-square-foot retail which opened in 2014 has enabled Restoration Hardware to showcase their full product line and has provided flexibility as the company continued to innovate its store configuration.
Vestar Buys North Dallas Retail Center
StreetLevel Investments sold Twin Creeks Marketplace in Allen, Texas, to Vestar. The 43,134-square-foot, grocery-anchored neighborhood center was fully leased at the time of sale.
WPG to Revamp Indiana Mall
Washington Prime Group intends to spend $17 million on the transformation of Markland Mall into a hybrid shopping center, which incorporates both enclosed and open air spaces.
Inland Real Estate Acquires 49 CVS Properties
Totaling 651,216 square feet across 16 states, the portfolio traded for more than $211 million. Joe Consenza, David Neboyskey and Kristin Orlando facilitated the transaction.
HFF Secures Orlando Retail Center Refi
The grocery-anchored center recently underwent significant renovations, including updates to the façade, storefronts, landscaping and parking areas.
Uncertainty About Retailers Affecting Mall Deal Activity
In the second quarter of 2017, shopping center deal flow fell at a rate greater than any other major asset class, fueled by concerns about the changing face of retail and whether individual tenants will be able to withstand the impact of e-commerce, notes Yardi Matrix Associate Director of Research Paul Fiorilla.