Retail
Economy Watch: Retail Continues Its Slow Recovery
While commercial real estate’s retail sector recovery has been slow since the Great Recession, it continues to improve with vacancies edging down and rents slightly up.
Positive Outlook for REIT Returns
NAREIT’s latest report reveals that stock exchange-listed REITs outperformed the broader U.S. equity market last year, likely signaling a good year ahead for REITs.
Macy’s to Close More Stores, Seek Partnerships
Hours after Macy’s announced its store in the Irvine Spectrum Center was closing, the Irvine Co. released plans for a major $150 million reinvestment plan.
Taubman, Macerich to Buy Big in Kansas City
Taubman Centers Inc. and the Macerich Co. have agreed to purchase Country Club Plaza, a 1.2 million-square-foot retail and office asset.
Hanna Commercial Acquires Kelly & Visconsi Associates
Howard Hanna Real Estate Services’ commercial arm continues its expansion with the acquisition of Cleveland-based Kelly & Visconsi Associates.
Net Lease Column: Cap Rates at Historic Lows
By Randy Blankstein, President, The Boulder Group: Cap rates in the single-tenant net lease sector closed 2015 at historic lows. Will the trend continue this year?
Marinita Makes First Retail Retrofit in Cali
Marinita Development has retrofitted a vacant Kmart and successfully preleased all the space to four retailers before closing on the property.
Adidas Jogs Over to Fifth Avenue
The global giant Adidas will open up its largest store to date on Fifth Ave. in New York City in fall 2016.
Pompano Citi Centre Adds New Retailers
PetSmart and Saito’s Japanese Steakhouse will soon open new locations at Pompano Citi Centre in Pompano Beach.
Pittsburgh Gambling Venue Sells for $440M
Gaming and Leisure Properties has agreed to acquire The Meadows Racetrack and Casino in Washington, Pa., from Cannery Casino Resorts.