Retail
Economy Watch: As Percentage of GDP, CRE Edges Up
CRE investment as a proportion of the entire U.S. GDP is trending up for most property sectors.
Granite Bay Retail Center Snapped Up by Vestar
Improvements are already lined up for the Sacramento-area asset.
South Florida Mall Changes Hands in $93M Deal
The 394,248-square-foot community shopping center, located in South Florida’s Deerfield Beach, is currently anchored by Publix.
Washington Heights Portfolio Sold for $165M
The nine-building Manhattan portfolio brokered by Eastern Consolidated includes residential, retail and office assets.
IKEA Enters Wisconsin Market
Pending approvals, the 295,000-square-foot IKEA Oak Creek store could break ground in the spring of 2017.
InvestCore Commercial Closes Sale of Garland Retail Building
In a $3.2 million deal facilitated by InvestCore Commercial, Next Play Firewheel sold the property at 200 Town Center Blvd. to an out-of-state investor.
Armada Hoffler Properties Snaps Up Shopping Center in Colonial Heights, Va.
The 220,000-square-foot Southgate Square sits 23 miles south of downtown Richmond and was 100 percent occupied at the time of purchase.
405 Park Ave. Gets Two New Owners, Plans for a Makeover
Deutsche Asset Management teamed up with MRP Realty to acquire the 17-story office and retail building in Manhattan’s Plaza District.
Vegas Mixed-Use Project Preps for Part II
Work on the $100 million second phase of Tivoli Village is scheduled to begin this fall.
North American REITs: A Shifting Landscape?
By Ana Lai, Senior Director, S&P Global Ratings: Choppy equity markets and increasing tenant risks are some of the factors impacting the generally healthy North American REITs market.