Retail
Blackstone Pays $9.4B for Centro Portfolio
The company is about to beef up its presence in the retail market by 588 properties and a million square feet.
National Association of Realtors Forecasts More Stabilization in CRE
The organization’s latest report anticipates increasing improvement across the board for the national commercial real estate market.
HFF Scores $80M Refinance for Maui Shopping Center
The 110,800-square-foot Whalers Village shopping and entertainment center captures an estimated one of every four dollars spent on the island.
Borders Shuts Stores; 4.9 MSF Hits Market
The stores span 35 states, including Alaska and Hawaii, Washington, D.C., and Puerto Rico; Borders international franchised operations were not included in the bankruptcy filing. The spaces range in size from approximately 12,900 square feet to 42,700 square feet, with the average store size being 24,600 square feet.
Lightstone, Paragon Take 750,000-SF Festival Bay
The two joined forces to purchase the Orlando mall, which sits near the teeming tourist hub that includes Universal Studios, Sea World and Walt Disney World, and a mere $25 million was the sales price.
$600M Cleveland Casino Moves Forward with Land Purchase
Developed by Rock Ohio Caesars Cleveland L.L.C., the project is one of four to emerge from a constitutional amendment approved by the state’s voters in 2009.
Cole Real Estate Snaps Up 13 CVS Drugstores
Purchased for $71 million, the properties are brand new and occupied under single-tenant, triple-net-leased agreements.
NewMark Merrill Snags 1.2 MSF Assignment
The firm was chosen by World Premier Investments and United American Properties to oversee four of the partners’ shopping centers in California and Illinois.
South Florida Retail Center Fetches $66M in Sale to REIT
New owner Federal Realty Investment Trust cited the property’s densely populated Broward County trade area as well as its significant redevelopment potential.
Mixed-Use Miami Shopping Center Sells for $95.3M
Institutional investment advisor RREEF bought the nearly 360,000-square-foot London Square property from Woolbright Development Inc.