Retail
Macquarie Mexican REIT Buys 171 KSF Retail Center in Mexico City
Macquarie Mexican REIT has acquired City Shops del Valle, a 171,297-square-foot retail center located in the Mexico City Metropolitan Area of Colonia del Valle.
AIG, Associated Estates Enter JV to Build $220M M-U Development in San Francisco
AIG Global Real Estate and Associated Estates Realty Corp. have entered into a 50:50 joint venture partnership to build a 3.4-acre site at Eighth and Harrison streets in San Francisco.
Jaylor Services Gets $65M in Financing for Burger King Portfolio
Affiliates of Jaylor Services are set to get $65 million in financing, courtesy of Ladder Capital, for a 99-property Burger King portfolio located throughout six states.
HFF Secures $74M in Financing for 295 KSF Property in Coral Gables, Fla.
The premier 295,000-square-foot office and retail property known as 4000 Ponce/The Collection Building just outside of Miami in Coral Gables, Fla., has been refinanced to the tune of $74 million.
GREG VIECELI: Net Lease Market from Lender’s Viewpoint
Greg Vieceli, executive vice president of EverBank.com, describes the circumstances under which EverBank.com will finance net lease properties in secondary and tertiary markets.
ARCP to Spin Off $2B in Multi-Tenant Shopping Centers
Looking to unlock the value of its shopping center portfolio, American Realty Capital Properties plans to spin off most of its multi-tenant retail centers into a publicly traded REIT valued at $2 billion and focus on its single-tenant net lease business.
Lend Lease Completes Phase I of $270M Mall Project in Australia
Lend Lease has completed Phase I in the redevelopment of Lakeside Joondalup, to become the largest shopping center in Western Australia.
Store Closures Predicted Due to Cerberus’ Purchase of Safeway for $9B
Although Cerberus stated no closures are expected as a result of its merging of Albertsons with Safeway, some analysts predict the transaction will result in duplication, calling for store closures in certain markets.
Rewe Opens First Passive House-Certified Supermarket in Germany
German retail giant Rewe Group debuted its most ambitious project to date, opening its first Passive House-certified supermarket.
Dave Dworsky: High-Tech Pavement Repair
Dr. Pave/Heatwurx CEO Dave Dworsky talks on CPE TV about his new pavement repair technology and how it can improve real estate parking lot aesthetics while saving time and money for the property owner.