From RetailTrafficMag.com

Borders Liquidation Will Hit Power and Strip Center Landlords  

The Great Recession has claimed another big-box retailer—two years after it was declared over....

Retail Power Center in Fast-Growing Philadelphia Suburb Sells for Nearly $52 Million 

In the largest retail property sale so far this year in metropolitan Philadelphia, Morris Ashbridge Associates LP has acquired Ashbridge Square, a 386,016 sq. ft. power center in Downingtown, Pa., for $51.75 million, or $133 per sq. ft. ...

Retail Recovery Signs: Landlord Concessions Taper Off While Investment Sales Crank Up 

In spite of a wobbly job market and falling housing prices, the retail real estate sector is recovering. The retail vacancy rate in the first quarter...

IKEA Expects Long-Term Savings from Rooftop Solar Rollout 

IKEA is pursuing a massive clean-energy program with the installation of solar panels on at least 20 of its 44 U.S. locations. ...

Cole Bags Three Florida Shopping Centers for $48.5 Million 

Cole Real Estate Investments, a Phoenix-based commercial real estate investor, has acquired three multi-tenant retail properties in Florida in separate transactions totaling $48.5 million....

Regency Centers Lands Japanese Grocer at Irvine Retail Center 

Owners of a retail shopping center in Irvine, Calif. are catering to strong local demand for Japanese goods and produce by bringing in a new Asian supermarket....

Best Buy Pares Space As Internet Rattles Big-Box Stores 

When Circuit City began liquidating $1.3 billion in merchandise in early 2009, market observers declared that Best Buy’s long-term growth prospects never looked better....

Westwood Financial Snatches Up Small, Distressed Retail Centers 

Last week, Los Angeles-based Westwood Financial Corp. announced it had acquired the 6,336 sq. ft. Stroh Ranch Retail Center in Parker, Colo....

Kin Properties Buys Five Office Supply Stores in $11.5 Million Deal Brokered by M&M 

Kin Properties Inc. of Boca Raton, Fla. has acquired a portfolio of five office supply stores in three states for $11.5 million. ...

U.S. Retailers and Developers Seek Expansion Opportunities in Great White North 

Although U.S. retailers and developers have targeted Canada for years, the race to expand up North has accelerated in recent months...

Acadia Regroups After Distressed Opportunities Fail to Materialize 

During his firm’s presentation at NAREIT’s REIT Week in New York last week, Kenneth Bernstein, president and CEO of White Plains, N.Y.-based shopping center REIT Acadia Realty Trust, offered a candid assessment of the market for distressed assets and how the firm has regrouped after the wave of troubled properties failed to materialize....

Bolstered by a Recent Run of Glittering Results, Retail REITs Remain Bullish 

M&A Activity in the REIT Sector Likely to be Limited, NAREIT Panel Says 

REITs Ramp Up Acquisitions as Portfolio Fundamentals Improve 

Publicly traded REITs continue to lead the recovery in the commercial real estate sector judging from the presentations made at this week’s NAREIT conference in New York City. ...

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