Retail
CBRE, Blanca Tapped to Lease Office, Retail at New 3 MSF TOD in Miami
CBRE and Blanca Commercial have signed on to lease the respective retail and office space at MiamiCentral, Miami’s first urban mixed-use transit-oriented development.
Boston Properties Sells Interest in Office Buildings to Norges Bank for $1.5B
Norges Bank Investment Management, Norway’s sovereign wealth fund, continues picking up prime office assets in the United States.
Update: JCR Capital Obtains $105M for Middle-Market Fund
JCR Capital’s JCR Capital Commercial Real Estate Finance Fund III L.P. is targeting a total capitalization of $250 million for middle-market sponsors typically overlooked by institutional capital.
Deal Analysis: Washington Prime Finds “Something Special” in Glimcher
When Washington Prime Group was spun off from Simon Property Group Inc. in May, its leaders began looking for opportunities to acquire and redevelop assets that would have strong cash flow and add franchise value. They found what they sought in Glimcher Realty Trust.
Inland Set to Acquire 15-Property Retail Portfolio for $318M
Inland Real Estate Income Trust Inc. is adding 15 retail centers located across eight states to its portfolio.
BREAKING NEWS: Washington Prime Group to Acquire Glimcher for $4.3B
The combined portfolio would have 119 retail properties with approximately 68 million square feet of gross leaseable area.
Neiman Marcus’ Planned NYC Debut Marks a Retail Milestone, Insiders Say
The Dalas-based luxury retailer is the latest high-profile addition to the retail roster at Related Cos.’17 million-square-foot mixed-use project on Manhattan’s West Side.
Economy Watch: Retail Sales, Consumer Sentiment
Americans had an itch to buy more in August, according to the Census Bureau, while the Reuters/University of Michigan consumer sentiment index rose 2.1 points from the end of August to come in at 84.6 in mid-September.
Inland Real Estate, PGGM to Develop Power Center in Chicago
Inland Real Estate Corp. and Dutch pension fund advisor PGGM are teaming up to develop Pulaski Promenade, a 133,000-square-foot power center on Chicago’s southwest side.
Ashkenazy Unveils Faneuil Hall Makeover Plan
Ashkenazy Acquisition Corp. has filed plans with the city of Boston for a bold transformation of Faneuil Hall Marketplace, one of the nation’s premier retail properties.