Retail
DDR, Madison International Recap $1B Retail Portfolio
The joint venture refinanced 52 grocery-anchored shopping centers totaling 7 million square feet. The properties are predominantly located in Florida and elsewhere in the Southeast.
Retail Outlook Not So Dire
The retail picture is not as dark as you think, according to a panel at the NAREE Real Estate Journalism Conference. Evolution is bringing new life to empty sites.
Amazon, Whole Foods and a New Way of Shopping
Some retailers fear the rise of e-commerce, but Amazon is showing us that we might be able to have it both ways.
Amazon to Buy Whole Foods in $14B Deal
The transaction is scheduled to close during the second half of 2017. Whole Foods Market will continue to operate stores under its current brand.
Phoenix-Area Shopping Center Fetches $23M
Sterling Org. acquired a 107,633-square-foot shopping center anchored by Safeway. The property’s high-profile tenants include The UPS Store, Nationwide Vision, GNC and FastFrame.
Greater LA Retail Center Lands $125M Refi
Federal Realty is using the loan for Plaza El Segundo, a 380,558-square-foot shopping mall comprising 13 buildings in the South Bay community.
Glimcher Group Expands Ohio Footprint
The company purchased the 95,446-square-foot North Olmsted Towne Center for $15.9 million from Norcar Co. LLC. The retail center comprises four buildings, with tenants such as David’s Bridal and Party City.
Newmark Secures $68M Financing for Silicon Valley Assets
The recent long-term financing for two office properties and a big-box retail center brings the firm’s debt transaction volume in these submarkets to $157 million in 2017.
Chicago’s Ashland Wellington Plaza Sells for $10 M
Marcus & Millichap represented both the seller and the buyer in the trade of the 19,979-square-foot retail center. The facility is shadow anchored by a Jewel Osco.
Aldi Plans $3.4B Growth Spurt
The German discount grocery chain intends to open 900 additional locations in the U.S., increasing its footprint to 2,500 stores by 2022.