The vacancy rate at regional malls rose 20 basis points from 9.1 percent to 9.3 percent during the quarter, representing a new high in Reis’ series, which begins in 2000. Asking rents were flat in the quarter and stand at $38.77 per square foot...
About 638,000 square feet of new neighborhood and community center space came online during the second quarter—up from 83,000 square feet in the first quarter. The last two quarters have been the periods with the lowest levels of new deliveries...
Excel Trust Inc. completed the acquisition of The Promenade, a 729,921-square-foot retail shopping center (of which 433,533 is owned) located in Scottsdale, Ariz., for approximately $110 million...
The Kroger Co. appointed Jones Lang LaSalle to conduct a strategic review of a group of its retail assets for optimization strategies and to manage the disposition of some of its closed stores. Jones Lang LaSalle will work in tandem with Kroger’s...
In an instance of “if you can’t beat them, join them,” Tanger Factory Outlet Centers has partnered with rival Simon Property Group to build an outlet center in Texas City, Texas.
The deal comes as a surprise to outlet center industry insiders, a...
