As expected, the spike in interest rates had barely any impact at all on the volume of retail investment sales this summer, with a reported increase in both individual and portfolio deals. The clearest indication that real estate investors remain enthusiastic about the retail sector came on Sept. 13, when Australian REIT the Westfield Group announced it closed a $1.64 billion deal to sell a 90 percent interest in seven non-core regional malls to Starwood Capital Group. The portfolio ...
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