Retail
Top Execs at RECon Weigh In on Retail’s Prospects
Leaders from JLL, Inland Group and Avison Young offered insights into the challenges, opportunities and misconceptions that mark retail real estate.
Walmart to Invest $450M in Florida
The company’s expansion includes nine new stores, the opening of a 150-acre eCommerce distribution campus in Davenport and the construction of a distribution center in Cocoa.
TEI Goes Shopping in Tenn.
Spanning more than 700,000 square feet in total, Time Equities Inc. expanded its southeastern retail footprint with the $53.5 million acquisition of College Square Mall and Foothills Mall.
On the Market: 5 Small-Business Listings for May
This month’s listings span the country, from historic converted lofts in Grand Rapids, Mich., to a mixed-use condo/retail asset in Brooklyn.
Neiman Marcus-Anchored Shopping Center to Open This Fall
Louis Vuitton, Burberry and Tiffany & Co. will join the upcoming Shops at Clearfork, after Neiman Marcus opened its 90,000-square-foot store on the premises. Simon teamed up with Cassco Development Co. to develop the southwest Fort Worth, Texas, shopping center.
Foreign Investor Acquires Long Island Shopping Center
Servicers LNR Partners, a subsidiary of Starwood Property Trust, and C-III Asset Management sold The Mall at the Source and the adjoining Fortunoff Building for $92 million.
China Life Invests $950M in ElmTree Portfolio
The majority of the assets are recently constructed, build-to-suit industrial, office and health-care properties in secondary and tertiary markets.
Revamped Glendora Shopping Center Opens Doors
JLL has secured three leases for owner Champion Glendora, bringing total occupancy to 85 percent, prior to completion of the redevelopment in July.
Miami Beach Retail Property Trades in $4M Deal
EWM’s Allison Turk worked on behalf of the Canadian buyer, who plans to convert the space into the first U.S. location for Impact Kitchen.
Revamped Monmouth Mall on Its Way in NJ
Kushner Cos. and Rouse Properties have teamed up for the redevelopment of the 24/7 attraction in Eatontown. Construction is scheduled to begin in 2018.