Retail
Hanley Negotiates $29M Inland Empire Retail Sale
Phillips Edison & Co. snagged the 110,004-square-foot Corona, Calif., property in the face of a competitive market for limited available properties.
Amato Properties Acquires Pennsylvania Shopping Center
A private investor based in southeastern Pennsylvania sold Scott Town Plaza, a 73,634-square-foot neighborhood shopping center in Bloomsburg, Pa., for $5.5 million. At the time of sale, the property was fully leased.
New Harley-Davidson Showroom to Open in Chicago
The company signed a lease for 10,000 square feet of retail space at The Addison & Clark development, across the street from Wrigley Field. The store will be operational in 2018.
CBRE Acquires Retail Asset Consultancy
Based in Paris, Convergences-CVL provides a range of retail property services including strategic planning, transaction execution and property management.
Cushman & Wakefield Appoints New Retail Leader
In his new role, industry vet David Gorelick will be responsible for managing client development and driving the firm’s revenue growth initiatives.
Seritage, GGP Trade $248M in JV Transactions
The joint venture will continue to own four properties on a 50/50 basis. These assets are located in Texas, Washington, Massachusetts and Oklahoma.
New Retail Space Coming to Miami’s Design District
Designed by Royal Byckovas, the planned three-story development will be located just a few steps from the recently completed Institute of Contemporary Art.
Westwood Taps Acquisitions SVP After $1.5B Restructuring
Brackenridge brings over 25 years of real estate investment expertise focused on grocery-anchored shopping centers and will oversee the expansion of the company’s retail portfolio.
Experiential Retailing Is Transforming the Use of CRE
Realizing the value in offering customers experiences, retailers are capturing sales through experiential retailing and e-commerce, using data as a means to select the most relevant locations for shopping and distribution facilities, says Christopher Pappas, director at Fitch Ratings.
Upcoming Las Vegas Retail Property Snags $38M Financing
Remington Nevada is developing a 25-acre grocery-anchored shopping center at the entrance of Mountains Edge Master Planned community. The property is scheduled to come online in late 2018.