Insurance is an issue that property owners and developers hate to talk about, but it is an area that can cause a costly headache if it isn't dealt with correctly. And, its inherent volatility doesn't make it any easier. The rash of killer storms ...
After months of little activity in the investment sales sector, the volume of retail transactions in the first quarter amounted to only $7 billion, an 81 percent decline from $37 billion during the same period in 2007, according to the first...
Retail developers have become a bit more cautious in pursuing ground-up development in light of the economic slowdown and concerns about consumer spending. While few projects are being scrapped altogether, firms are pushing back projects to...
Lee & Associates negotiated the sale of Old Spanish Trail Marketplace, a 140,652-sq.-ft. retail center in Tucson, Ariz., from Brown Tucson, LLC and W.M. Grace Development to Allied Trading and Transacting Corp., N.B. for $33 million. Jan P...
It's coming close to the one year anniversary of when the credit crunch fully took hold and the problems gripping the finance sector remain in full swing. Overall, lending volumes are down from past years, especially for conduit lenders. The...
After 15 years of waiting, Westcor, a subsidiary of Santa Monica, Calif.-based Macerich Company, is finally about to start work on the Palisene, a proposed mixed-use project on the border of Phoenix and Scottsdale, Ariz. On April 30, the Arizona...
All the drama seems to be behind Meadowlands Xanadu. The project is almost fully leased up and will open next spring. One interesting thing to watch will be the fate of the IZOD Arena. The arena used to house the New Jersey Devils, New Jersey Net...
Hessam Nadji, managing director of research services for Marcus & Millichap Real Estate Investment Services, points out that looking at retail REIT valuations provides a fairly good proxy for where property valuations currently sit...
Best Buy Co., will open its first stores in Europe by investing $2.2 billion in a joint venture with Carphone Warehouse Group Plc. The 50-50 venture will include Carphone Warehouse's 2,400 retail stores in nine European countries. The assets will...
There's a heated battle between firms trying to one-up each other in providing the most comprehensive and useful data to aid developers and retailers find the best sites for new projects and to help assess those locations after they open. The...
