In 2007, Glimcher began to plan a $52.8 million, 155,000-square-foot outdoor lifestyle redevelopment at the already successful Polaris Fashion Place in Columbus, Ohio. The space became available when Federated bought The May Company and its...
The investment sales market for retail properties is heating up as buyers feel more confidence in the economy and financing has become easier to obtain.
Deal volume rose in 2010 after bottoming in 2009, but activity was largely limited to class...
Retail investment sales volume in the first quarter amounted to $5.2 billion—down from $7.9 billion in the fourth quarter of 2010. Year-over-year, sales were up about $2 billion from $3.2 billion in the first quarter of 2010 and up about $3...
Deals during the first quarter averaged $180 per square foot—the highest figure since the fourth quarter of 2008. The average was $6 per square foot more than during the fourth quarter of 2010. The average cap rate during the quarter was 7.55...
Average U.S. retail cap rates were down again in the first quarter to 7.97 percent. Further, CBRE revised the fourth quarter 2010 figure up from 7.90 percent to 8.12 percent due to new data. The data is from the CBRE Valuation & Advisory Services ...
National Retail Properties Inc. (NYSE: NNN), a real estate investment trust, today announced the closing of a new $450 million unsecured credit facility, replacing its existing $400 million credit facility...
Investment firm Kohlberg Kravis Roberts & Co. L.P. (KKR) has entered into a definitive purchase agreement to acquire Academy Sports + Outdoors. The Gochman family will retain a minority ownership stake in the retailer. Financial terms were not...
Cedar Shopping Centers Inc. hired Phillip R. Mays as CFO, effective June 13. Mays will succeed Lawrence E. Kreider, who will serve as a consultant to Cedar through the end of the year...
