Retail
Breaking News: TIAA, CBL Partner for $1.1B on Four Shopping Malls
Call it a sign that retail is a hot commodity once again: TIAA-CREF and CBL & Associates Properties Inc. have just closed a $1.1 billion joint venture to invest in shopping malls.
Karlin Purchases Two Scottsdale Retail Centers for $50M
Karlin Real Estate picked up the two shopping centers in the Phoenix area, Shea Scottsdale East and Shea Scottsdale Shopping Center, for a combined $50.3 million from Herberger Enterprises.
Cole Acquires 5 Multi-Tenant Retail Centers for $58.2M
In five separate transactions, Cole Real Estate Investments has added five additional multi-tenant shopping centers across three states for an aggregate $58.2 million.
Taconic Closes $220M Fund for CRE Assets in NYC
New York-based Taconic Investment Partners has closed on Taconic New York City Investment Fund L.P., an investment fund with $220 million in committed equity to acquire commercial properties in the NYC area.
Edens & Avant Purchases Fort Lauderdale’s 155 KSF Union Planters Plaza
Union Planters Plaza in Fort Lauderdale, Fla., comes under new ownership as Edens & Avant acquired the 155,000-square-foot grocery-anchored shopping center from Wharton Realty Group for an undisclosed price.
SL Green, Stonebridge JV for NYC Retail, Multi-Family Buy
SL Green has entered into an agreement with Stonebridge Partners to acquire eight retail and multi-family properties in New York City for $416 million.
City Creek Center M-U on Track Despite Economic Downfall
By Gabriel Circiog, Associate Editor Despite the economic downfall, City Creek Center is taking shape in downtown Salt Lake City. Deseret News reports all residential construction is now complete and the first 20 stores have been announced. Dale Bills, spokesman for City Creek Reserve Inc., the real estate development division of the LDS Church, announced […]
Phillips Edison, CBRE JV to Purchase $200M of Grocery Assets
Phillips Edison, a shopping-center REIT, and CB Richard Ellis have jointly invested $102 million in equity for the purchase of grocery-anchored shopping centers nationwide.
Regency Nabs Austin’s 187 KSF Tech Ridge Center
Regency Centers has announced that it closed on the acquisition of Tech Ridge Center, a 187,529-square-foot, 93 percent-occupied shopping center anchored by grocery chain H-E-B.
DDR Spends $85M for 2 Charlotte Retail Centers
Cotswold Village and Terraces at SouthPark, two retail destinations accounting for an aggregate 291,200 square feet, have traded for an aggregate $85 million from the books of Bell Partners onto those of DDR Corp.