Venturing Out on a Limb
Hundreds of aging shopping centers across the United States some with vacancy rates topping 50% are becoming attractive investment targets for joint-venture...
ALTER TO BUILD $400M PROJECT ON NATIVE AMERICAN LAND
Developers are hoping that a planned $400 million mixed-use development on Native American land near Phoenix, Ariz., will spur employment opportunities...
$20M Arizona Power Center On The Block
An Arizona retail power center is on the market for $20 million, with an 8.1%market capitalization rate. Sierra Vista SW, a Phoenix-based partnership,...
New 500,000 Sq. Ft. Lifestyle Center Planned in Arkansas
Jones Lang LaSalle and Pinnacle Hills Development are co-developing a new 500,000 sq. ft. lifestyle center in the burgeoning market of Rogers, Ark. Pinnacle...
Florida Mall Sells For $52 Million
The Santa Rosa Mall, a 750,000 sq. ft. Emerald Coast-area enclosed mall, has been sold to Radiant Partners LLC. The 27-year old mall, located between...
Praedium Buys Texas Retail Center for Nearly $20M
A Richland Hills, Texas, power center has sold for nearly $20 million. The 21-acre Richland Centre, which is 89% occupied, was bought by New York-based...
Mixed Results for Mixed-Use
Changing demographics, punctuated by a sharp rise in the number of empty-nesters and Generation Xers keen on urban living, have led to a growing enthusiasm...
The Rouse Co.'s Thomas DeRosa: We're Better Positioned Than Most
The economy is slowly recovering, but many department store chains continue to struggle. Against that backdrop, shopping center owners are pruning weak...
Lord & Taylor To Close 32 Stores
Retailer Lord & Taylor has announced that it will divest 32 stores as part of an effort to reposition itself as an upscale fashion retailer focusing on...
The Grocery-Buying Binge
Everybody loves grocery-anchored shopping centers. Private equity investors, shareholders of public REITs and especially brokers who see fat commission...
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