Jones Lang LaSalle completed construction on two new Uniqlo stores in Manhattan on behalf of Uniqlo Co Ltd. The stores, located at 666 Fifth Avenue and 31 W. 34th Street, total 153,000 sq. ft. The stores’ design will serve as the standard for new...
Troubles in the CMBS market ended up affecting investment sales activity in the third quarter, with retail real estate investors turning their attention back to core assets in primary markets...
Invesco Real Estate Advisors has purchased 350 Washington Street, in downtown Boston, from Real Estate Capital Partners. The property traded hands for $128 million and CB Richard Ellis represented the seller and procured the buyer...
STORE Capital, a REIT specializing in single-tenant real estate investments, completed a $105 million sale/leaseback transaction with O’Charley’s Inc. on 50 O’Charley’s restaurants. STORE Capital bought the restaurants from O’Charley’s Inc. and...
A partnership including New England Development, Eastern Real Estate and Lubert-Adler acquired an 80-acre commercial real estate site on Palm Beach Lakes Boulevard at Interstate 95 in West Palm Beach, Fla. The partnership plans to develop Palm...
In spite of a less than stellar performance, fundamentals in the retail real estate sector were in line with most researchers’ expectations in the third quarter of 2011. Firms including CoStar Group, Reis Inc. and CBRE Econometric Advisors...
Vacancy rates, asking rents and effective rents remained flat at neighborhood and community centers from the second quarter to the third quarter, according to Reis. The stability was helped in part by the fact that just 812,000 square feet of new...
The vacancy rate at malls rose 10 basis points in the third quarter and reached a new peak of 9.4 percent, according to Reis. Rents, however, increased from $38.77 per square foot to $38.81 per square foot. Rents have generally been flat for the...
According to CoStar, rents declined for all five property segments the firm tracks from the second to third quarters. The greatest decline was at malls, where rents fell from $19.48 per square foot to $19.01 per square foot. Shopping centers...
