Retail
PhoenixMart Global Commerce Center Breaks Ground in Arizona
Construction has begun on PhoenixMart, a $150 million, 1.7 million-square-foot global commerce center in Casa Grande, Ariz., expected to bring more than 9,000 jobs to the region.
Investcorp Acquires Office, Retail Assets Worth $250M
Investcorp, a global provider and manager of alternative investment products, continues an active year with the acquisition of office and retail assets in the greater Chicago, Los Angeles, Minneapolis and New York areas valued at $250 million.
General Growth Properties Buys Chicago ‘Magnificent Mile’ Building from Grosvenor
General Growth Properties has acquired a 126,000-square-foot retail building in the heart of Chicago’s “Magnificent Mile” shopping district from Grosvenor Americas.
Citycon CEO Campaigns for Retailer Expansion to Nordic Countries
Citycon CEO Marcel Kokkeel is on a mission. The leader of the Nordic- and Baltic-focused urban grocery-anchored shopping center owner wants to attract more global retailers to the region.
Hudson Team Arranges $72M in Financing to Refi Retail Centers in Washington, California
The Hudson Team of George Elkins Mortgage Banking Co. arranged financing for two CMBS loans totaling $72 million, secured by two neighborhood retail centers in Fullerton, Calif., and Lacey, Wash.
Council Approves Plans to Build First NYC Outlet Mall, NY Wheel
Staten Island’s North Shore will become home to the world’s tallest Ferris wheel and a $260 million outlet center now that the New York City Council has approved the project expected to become an instant tourist attraction and landmark on New York Harbor and the city’s skyline.
Guest Column: How E-Commerce is Changing the Face of Retail
John Morris, leader of industrial services for the Americas for Cushman & Wakefield, talks about the swift ramp-up in e-commerce and how it is impacting the industrial real estate sector.
Executive Spotlight: Louis Rogers, Capital Square Realty Advisors
Louis Rogers, who helped found Triple Net Properties, now balances new firm Capital Square Realty Advisors and a love for competitive horseback riding.
TMT Development Restarts Portland Tower After 5-Year Hiatus
The $175 million Park Avenue West Tower will incorporate residential, office and retail components and is pre-certified LEED Platinum.
Intu, CPPIB JV Acquires 807 KSF Shopping Center in Northern Spain
Intu Properties and the Canada Pension Plan Investment Board have jointly acquired the Parque Principado Shopping Center in Asturias, Northern Spain, for $220 million.