Retail

Finance

Economy Watch: U.S. Retail Sales See Uptick

According to the U.S. Department of Commerce, January retail sales rose 0.5 percent compared with December and 4.7 percent compared with January 2009.

Allison Landa - February 16, 2010
International

Foreign Investment Fund to Acquire $1B in U.S. Retail Properties

Elbit Plaza USA L.P., a joint venture of Tel Aviv-based Elbit Imaging Ltd. and Amsterdam-based Plaza Centers N.V., have entered into an agreement with New York City-headquartered NCH Capital Inc.’s Eastgate Property L.L.C. subsidiary to form a real estate fund that will target retail properties across the continental United States.

Allison Landa - February 11, 2010
Multi-family

Inland American Makes Quartet of Acquisitions for $154M

Maryland-based REIT Inland American continues to add to its diversified portfolio. The company on Wednesday announced that it recently completed the purchase of four properties totaling approximately $154 million.

Allison Landa - February 10, 2010
News

Discount Retail on the Rise

Today’s announcement that Dollar General plans to open 600 new stores nationwide underscores the strong showing that discount stores have made in today’s turbulent market.

Allison Landa - February 5, 2010
Northeast

$135M Financing Secured for 1MSF Yonkers Shopping Center

It’s almost like the good old days of 2007 when loans over $100 million for commercial real estate practically rained from the sky. Undeniably, those times have not returned, but news that Brooks Shopping Center L.L.C., owner of the 1 million square-foot Cross County Shopping Center in Yonkers, N.Y., has gotten its hands on a $135 million first mortgage to finance the property’s redevelopment certainly brings back good memories.

the Editors of Commercial Property Executive - October 23, 2009
Finance

Economy Watch: No Rush to Build More Houses

U.S. housing starts posted a gain in September, but only a modest one,pointing to a still-modest rate of recovery for the overall economy.According to the U.S. Department of Commerce, the rate of new homestarted inched upward by 0.5 percent during the month to a seasonally adjustedrate of about 590,000 units. Ever-optimistic economists, it seems, wereexpecting more.

Catriona Orosco - October 21, 2009
Brokerage

Manhattan Retail Hit Hard in ’09, But Turnaround on Tap

It’s been a rough year for retail, even in tony Manhattan. The crumbling of Wall Street in the fourth-quarter of 2008 spurred the downward spiral of the market and the recession just added salt to the wound, according to a third quarter report by Marcus & Millichap Real Estate Investment Services.

the Editors of Commercial Property Executive - October 20, 2009