Retail
DLC Purchases 518 KSF Power Center in Poughkeepsie, NY
DLC Management Corp. has acquired the Shoppes at South Hills, a 518,000-square-foot grocery-anchored power center in Poughkeepsie, N.Y., from Vornado Realty Trust.
JEMB Leases Store at Manhattan’s Herald Center to Verizon Wireless
JEMB Realty continues leasing up its revitalized Herald Center, a 10-story retail and office property at 34th Street and Broadway, with Verizon Wireless taking 4,500 square feet for its new flagship Manhattan store.
Kimco Buys Out Blackstone in 39-Property Portfolio
Kimco Realty Corp. has acquired the remaining 66.6 percent interest in the 39-property Kimstone portfolio that it originally owned with a joint venture partner, a subsidiary of Blackstone Real Estate Partners VII, for $925 million.
DLC Buys 2.6 MSF Portfolio of 11 Retail Assets
DLC Management Corp. has acquired 11 retail assets, totaling 2.6 million square feet, located throughout New York, North Carolina, Arkansas and Tennessee.
Acadia Takes Majority Stake in Chicago High-Street Retail Property
Acadia Realty Trust has added a high-street gem to its core portfolio with the acquisition of an 88.4 percent stake in 840 N. Michigan Ave. in Chicago.
Marcus & Millichap’s Addition of Retail to its Mix–A Smart Play
According to retail analysts, Marcus & Millichap’s timing was ideal in expanding its platform to include a new sector with the introduction of IPA-Retail.
Hooray for Holiday!
Experts in the retail sector of the commercial real estate industry believe it’s going to be a good holiday season–a really good holiday season. They can practically smell it.
C&W: NY’s Upper Fifth Avenue Breaks Record for World’s Highest Retail Rents–Ever
It may be debatable that New York City is the best place in the world for shopping, but it is a matter of fact that Gotham’s Upper Fifth Avenue is the most expensive.
Oyster Development, Tricon Get $144M in Financing for San Francisco Condo, Retail Development
A joint venture between Oyster Development Corp. and Tricon Capital will receive $143.5 million in financing for Rockwell, a new condo development located at 1634-1690 Pine St. in San Francisco.