New data from Real Capital Analytics and CBRE Valuation & Advisory Services shows that the investment sales climate for retail properties began to firm up during the third quarter...
Retail investment sales volume in the third quarter amounted to $5.6 billion—up from $3.1 billion in the second quarter. It was the second most active quarter for significant retail deals since the first quarter of 2008. Total volume year-to-date...
Deals during the third quarter averaged $154 per square foot—the highest figure since the second quarter of 2009. The average was $15 per square foot more than during the second quarter of 2010. The average cap rate during the quarter was 7.79...
The national retail cap rate remained stable during the third quarter, coming in at 8.49 percent compared with an adjusted figure of 8.48 percent during the second quarter. Average rates continue to be at levels last seen in mid 2003. The East and...
Faris Lee Investments completed seven sales of fast food restaurant properties totaling $9.5 million in value. The restaurants are located in California, Texas, Nevada and Arizona. The transactions included the following...
Simon Property Group Inc. opened the second phase of Houston Premium Outlets in Cypress, Texas. Phase II added 114,000 square feet to the center, for a total GLA of 541,000 square feet. Phase I opened in 2008...
When Gar Herring, president and CEO of Dallas-based developer The MGHerring Group asked a luncheon crowd at ICSC's Southeast Conference in Atlanta on Tuesday if they thought the recession was over, an overwhelming majority of hundreds of attendees...
Commercial real estate lending has loosened up considerably in the past six months, leading to more acquisition activity and making it easier for borrowers facing maturity to refinance their loans. And most industry experts feel that liquidity...
Data from Trepp LLC showed that CMBS delinquencies decreased in October—the first drop in the monthly delinquency rate in more than a year. The biggest reason for the drop is that loans were liquidated at a more rapid clip during the month. In...
