Walgreen Co. Buys Eight-Store Portfolio for $34.78 Million
Walgreen Co. has exercised its first right of refusal to buy back eight Walgreens properties in six states from a North Miami Beach investor. Marcus & Millichap Real Estate Investment Services arranged the $34.78 million sale....
Protests in China Give Retailers Fits
In spite of the major Olympic-related protests outside French retailer Carrefour's hypermarkets this April, China retail experts say they don't expect...
A Bifurcated Retail Property Sales Market Emerges
LAS VEGAS — The velocity of U.S. retail property sales across the industry plunged 40% in the first quarter of 2008 on a year-over-year basis, according to brokerage firm Marcus & Millichap, reflecting a major pricing gap between buyers and sellers....
The Plant Sprouts Concept Store in Final Anchor Space
A retail power center developed on the site of a former General Electric motor manufacturing plant in San Jose, Calif., has completed leasing of its 10 anchor store spaces....
Retail Landlords Get Their Green Act Together
Retail landlords historically haven't paid much attention to green building, largely because energy costs at most shopping centers are paid directly by...
Survival of the Fittest
For years, economists warned that the annual rise in consumer spending wasn't a permanent condition, but those concerns largely fell on deaf ears. Retailers...
New Beginning for Aging Malls
Facing intense competition from lifestyle centers and other emerging retail concepts, many of the nation's 1,500 enclosed malls are reinventing themselves...
Baby Boom Nation
Retail is a living organism, continuously evolving to reflect changing consumer tastes and lifestyles. One decade wide ties are in, the next they're out....
Low Cap Rate Boosts California Retail Property
A two-tenant, 66,070 sq. ft. Burbank, Calif., retail property has sold for $28.75 million. Faris Lee Investments, an Irvine, Calif.-based broker representing the seller, Univest Development Group of Scottsdale, Ariz., says that the property value is based on a low 5.58% cap rate compared with other Los Angeles-area, retail properties....
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%. ...
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