Retail
WPG, O’Connor Close Second Retail JV
Washington Prime will continue to lease and manage the 2 million-square-foot portfolio, which comprises seven open-air shopping centers valued at $600 million.
Opinion Shopping
What do retail owners really think? CPE partnered with Kingsley Associates to find out what they like—and don’t like—about their retail centers.
Retail Scuffles, But All Is Not Lost
News of retail bankruptcies and store closings might be making the most headlines, but retailers and retail owners that can adapt to changing consumer preferences and compete with the rise of e-commerce can still prevail, argues Yardi Matrix Analyst Justin Dean.
Avison Young Promotes Veteran to OC Brokerage Director
Keith Kropfl, a 25-year commercial real estate industry veteran specializing in the sale and leasing of retail properties throughout Southern California, will oversee the firm’s Irvine office.
The May digital issue of CPE is now available!
The May 2017 issue offers a focus on the retail sector, including insights on the fate of shopping centers, lenders’ outlook on the single-tenant net-lease market, a roundtable of prominent retail executives, and more!
Chipotle Opens New Ohio Location
Cincinnati Commercial Real Estate, an affiliate of NGKF, represented the landlord. After Starbucks and Sport Clips Haircuts, the restaurant is the third tenant of the new retail center at the corner of Loveland Madeira and East Kemper roads.
National Asset Services Adds 6 to Retail, MOB Portfolio
The company has been appointed property and asset manager of the Sherwood Village shopping center in San Angelo, Texas, and five newly built medical office buildings in Texas, Pennsylvania, Ohio and Massachusetts.
Economy Watch: Retail Sales Up in April
U.S. retail sales increased 0.4 percent in April and 4.5 percent from the same time last year, according to the U.S. Census Bureau. Retailers like electronic stores and building material suppliers had a good month, and even department stores eked out a small gain.
Avison Young to Manage Oklahoma City Outlet
The Outlet Resource Group and Singerman Real Estate own the 400,000-square-foot shopping center, which marks the second mall Avison Young is managing for the two companies.
San Diego Shopping Center Trades for $15M
The Carlsbad-based buyer plans to reposition the 43,108-square-foot center to appeal to healthy lifestyle and fitness tenants. The asset includes a mix of retailers and was recently upgraded to include monument signage.