Retail
$10B Development Project in Ghana to Feature Tallest Building in Africa
One of the most ambitious development initiatives on the African continent, Hope City Development, recently held a sod cutting ceremony, in the presence of a number of state officials and business partners of the massive project.
Moritz Gruppe Designs Sports-Themed M-U Project
Developer Moritz Gruppe has come up with a new vision for a large sports-themed mixed-use project. Based on a design by well-known architectural firm LAVA, THE SQUARE3 will focus on three elements: life, nature and sport.
Real Estate Expo Special Report: Knakal Terms NYC Sales Market “Phenomenal”
Robert Knakal, chairman of Massey Knakal Realty, said the New York City commercial property investment sales market is currently red hot, but warned that sustained periods of low interest rates typically lead to real estate bubbles.
Ramco-Gershenson Buys Clarion Partners’ Stake in 12 Shopping Centers
In a $256.8 million deal, Ramco-Gershenson will gain sole ownership of a dozen assets in Florida and Michigan currently held in joint venture with Clarion Partners.
Manulife Acquires New Retail Property in Western Canada
Manulife Real Estate has purchased the Aldergrove Village Shopping Centre in Greater Vancouver’s Langley Township of British Columbia.
Rouse Wraps Up $65M Refinancing of 900 KSF Suburban Tampa Mall
On the matter of loan maturities, Rouse Properties can check 2013 off its list.
Walgreens to Build Nation’s First Net-Zero Energy Retail Store in Evanston, Ill.
Walgreens is building a net-zero energy store in Evanston, Ill., that will use solar and wind power, geothermal heating and cooling and other energy-saving technologies to generate electricity and reduce its usage by more than 40 percent.
LaSalle Buys 184 KSF Shopping Center in Greater Leeds, UK
LaSalle Investment Management, of Chicago, has acquired the 84-retail-unit Airedale Centre in Keighley, West Yorkshire, United Kingdom.
JLL Tapped to Market 143-Branch SunTrust Net Lease Portfolio
Inland American REIT wants to sell its 143-branch SunTrust Net Lease Portfolio, and the real estate company has selected Jones Lang LaSalle’s Capital Markets Group to find a buyer for the group of assets, which is valued at more than $275 million.
Canadian REIT Expands Retail Portfolio with Four-Property Acquisition in Alberta
Crombie Real Estate Investment Trust plans to add four retail plaza properties to its current commercial portfolio in the Alberta area by the end of the month.