Retail
Macy’s Expands Footprint at 1440 Broadway
The retailer has signed a lease expansion for 56,242 square feet, bringing its total space in the building to 161,000 square feet.
Massachusetts Shopping Center Changes Hands for $56M
A joint venture between Charter Realty & Development Corp. and Acadia Strategic Opportunity Fund III L.L.C. has purchased the White City Shopping Center and adjacent White City East Shopping Center in Shrewsbury, Mass.
Investec Proves That California Coastal Retail is Golden
The company — which also invests in office, industrial, self-storage and multifamily assets–has spent nearly three decades lining its portfolio with California neighborhood shopping centers within close proximity of the Pacific Coast, and the company’s remarkable success over the last two years indicates that certain retail properties within close proximity of the water in the Golden State are apparently recession-proof.
Elbit Snaps Up U.S. Retail Properties
The $75 million deal will invest the Israeli firm’s strategy of increasing real estate holdings in the U.S.
Arizona Sees Largest CRE Deal of 2010 with $280M Trade of Tempe Marketplace
Rockwood Capital L.L.C. joined forces with Vestar Development Co., the developer of Tempe Marketplace, to acquire the three-year-old property. Vestar had been in a partnership with DLJ/Credit Suisse, which sold its stake to Rockwood, leaving Vestar and Rockwood as the sole owners of the asset.
Economy Watch: Pending Home Sales Show Some Life
Pending home sales spiked unexpectedly in October, according to the National Association of Realtors on Thursday. Foreclosed properties made up a large proportion of those sales. Meanwhile, retail performed well in November.
Marcus & Millichap Taps Rose as Western Regional Director of National Retail Group
Rose will continue to serve as sales manager of the firm’s San Diego office.
Cole Snaps up $266M Albertson’s Portfolio in Sale-Leaseback Deal
With a total of 1.9 million square feet, the addition helps pump up Cole’s retail portfolio.
GGP to Exit Bankruptcy in Early November
General Growth Properties Inc.’s improbable fight to survive is about to become a reality.
IREM: Shopping-Center Income Up, Occupancy Down
It’s a mixed bag for those in the battered retail sector.