Community Shopping Center Vacancy at 12-Year High
The national vacancy rate for neighborhood and community shopping centers increased by 20 basis points in the first quarter to 7.7% — the highest level since 1996, according to real estate research firm Reis. Mall vacancy increased 10 basis points in the first quarter to 5.9%. ...
Housing, Subprime Woes Take a Toll On Retailers
Like floodwaters escaping from a damaged levee, troubles in the housing market are spilling over into the retail real estate sector. Cash-strapped homeowners...
In a Dreary Climate, Discount Retailers Bear Good News
Amid the chorus of negative economic news from the past week – including a bleak jobs report and continued talk of recession – a few glimmers of hope shone through, particularly in some surprisingly strong retail sales reports. But as consumers redirect their shopping dollars to more value-oriented retailers, chain stores will continue to feel the pinch. ...
Retail Centers Can Withstand Turbulence, Report Says
Despite continued economic pressures and flagging consumer confidence, neighborhood and community shopping centers are positioned to weather the storm. At least that’s the premise of a new report titled, “Where are they now?” by Torto Wheaton Research (TWR) economist Abigail Marks....
Retail Buying Opportunities Ahead
The combined effect of the credit crunch and curtailed expansion plans by retailers will bring enticing retail property offerings to market in 2008, researchers predict. Lackluster asset sales in January, however, confirm that buyers remain rooted to the sidelines...
Sun Life Buys Nevada Retail Property
The U.S. division of Sun Life Financial Inc. (NYSE: SLF, TSX: SLF) has purchased a 34,300 sq. ft. shopping center in Henderson, Nev. for more than $14.3 million...
L.A. Investment Group Assumes Loan to Buy Mall
Rather than seek entirely new financing in a low liquidity environment, a group of California investors opted to take over an existing, $25 million conduit loan to purchase a retail shopping mall ...
Retail Power Center Fetches More Than $100 Million
Real estate investment firm Pacific Coast Capital Partners LLC and Dallas real estate services provider Dunhill Partners Inc. have closed on the $100 million-plus acquisition of Fountains on the Lake...
Merrill Says - REITs Better Than '07?
After a decidedly up and down 2007, executives with many of the nation's real estate investment trusts (REITs) may breathe a sigh of relief when 2008 draws to a close...
A Retail Reinvention of Manhattan's Financial District
For decades, Manhattan's Financial District held zero cachet as a shopping destination. Its crooked street grid, which bears little in common with the...
Beverly Hills Project Sells Below 1% Cap Rate
Real estate investment firm New Pacific Realty Corp. has purchased a Beverly Hills, Calif. office and retail property for $10.35 million - more than $1,016 per sq. ft. ...
Credit Crunch Claims Centro, But Other REITs Look Safe
The credit crunch has certainly slowed things down for the retail real estate industry as evidenced by a drop in deal flow and the scaling back of some announced developments. But this week the situation transformed...
Mid-Atlantic Portfolio Fetches $540 Million
A large portfolio of retail and office properties located in North Carolina has fetched $540.8 million. Last week, a joint venture between CBL & Associates Properties (NYSE: CBL) and the Teachers' Retirement Syste...
Retail Developers Rush to Meet Needs of Rising Population
NEW YORK - The retail real estate industry faces a major challenge - meeting the needs of the burgeoning U.S. population, which is expected to grow from about 301 million today to an estimated 420 million by 2050...
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