Retail
Built for $130M, Premier 378,000-SF Suburban Los Angeles Shopping Center Trades for $94.5M
A private Southern California-based investment group took the premier lifestyle property, located approximately 30 miles west of Los Angeles in the affluent community of Chino Hills, Calif., off the hands of a bank consortium spearheaded by Bank of America.
USAA Adds 225,610 SF to Retail Portfolio
Wampanoag Plaza was sold by New York-based Emmes Asset Management Company and is currently 97 percent leased to 11 tenants.
North American Development Acquires Three Shopping Centers, One Development Site for $30.4M
The four acquisitions are the 42,448-square-foot Riverside Market Square shopping center in Jacksonville, Fla.; the 189,340-square-foot Presidio Square shopping center in Houston; the 83,775-square-foot Commerce City Plaza shopping center in Commerce City, Colo.; and an 18-acre site in Vero Beach, Fla., which will be the location of the to-be-developed 92,000-square-foot Harbor Point shopping center.
Rebound Heartens CEOs at RECon Amid Caution
While in Las Vegas, CEOs and other senior executives took time out from their dealmaking duties to take the pulse of the event and offer insights about what’s in store for the industry.
Marcus & Millichap’s Outlook Paints Promising, Complex Picture at RECon
Retail real estate and the economy at large offer a refreshingly promising picture these days, but decision-makers who ignore changed conditions and potential pitfalls do so out their own risk. That might well sum up the consensus of the panel of experts assembled in Las Vegas Monday afternoon by Marcus & Millichap Real Estate Investment Services Inc. for the firm’s annual economic and retail outlook.
Quiznos on the Hunt for Nearly 1M SF for 600-Store Countrywide Expansion
The quick service sandwich chain is currently mining markets from one end of the country to the other for locations for 600 new corporate-owned restaurants.
Equity One Makes its California Debut with $600M JV Purchase of C&C USA
There are few better ways to enhance a commercial real estate portfolio by 2.6 million square feet in one fell swoop than by acquiring a commercial real estate company, and Equity One Inc. has done just that.
Bernard Haddigan on Retail Real Estate
CPE Radio: Bernard Haddigan, head of Marcus & Millichap Real Estate Investment Group’s national retail group, comments on upcoming changes for retailers and retail real estate as he prepares to head to ICSC’s annual Recon convention.
New on CPE Radio: Bernard Haddigan Pre-ICSC Retail Insights
CPE Radio: Bernard Haddigan, head of Marcus & Millichap Real Estate Investment Group’s national retail group, comments on upcoming changes for retailers and retail real estate as he prepares to head to ICSC’s annual Recon convention.
Leaner, More Upbeat Show in Store for RECon’s Vegas Crowds
Just like every other corner of the industry, the Super Bowl of real estate events has been reshaped by recent events.