Shopping Center Business
WEB4 days ago — Westwood Financial Purchases 83,787-Square-Foot Paradise Hills Shopping Center in Phoenix.
Retail Experts Employ Creative Solutions in Tight Property Market
WEB7 hours ago — Retail Experts Employ Creative Solutions in Tight Property Market. High occupancy rates and prohibitive development costs continue to challenge expansion-minded retailers. Only 4.5 percent of total retail space in the U.S. was available for lease at the end of August, according to CoStar Group. That represents a …
Sterling Acquires $180.5 Million Shopping Center Portfolio
WEB5 hours ago — September 30, 2024. West Palm Beach, Fla. — The West Palm Beach-based Sterling Organization has acquired a portfolio of three shopping centers for $180.5 million. The portfolio was purchased on behalf of the value add fund investment vehicle Sterling Value Add Partners IV L.P. ,and SITE Centers was the seller.
Marcus & Millichap Brokers $6.3 Million Sale of Retail Center in ...
WEB4 days ago — September 26, 2024. Alpharetta, Ga. — Marcus & Millichap has brokered the $6.3 million sale of Deerfield Village, a 16,500-square-foot retail center located in the Atlanta suburb of Alpharetta. Tenants at the property, which was fully leased at the time of sale, include Ichiban and Nahm.
Development - Shopping Center Business
WEB6 days ago — Hinesville, Ga. — Branch Properties has acquired 9.7 acres of land for Flemington Village, a 57,851-square-foot shopping center to be developed in Hinesville, approximately 40 miles southwest of Savannah. A 46,791-square-foot Publix will anchor the center, which is scheduled for completion in the third quarter of 2025.
Operations – Shopping Center Business
WEBJun 5, 2024 — No matter the economic climate, the formula for creating value in properties will always be a retail property owner’s best friend. That’s why Broad Reach Retail Partners uses a multi-faceted approach that includes data-driven key performance indicators (KPIs) to drive their plans of action, strategic redevelopment and ongoing budget updates that optimize net operating income (NOI).
Anything But Mid - Shopping Center Business
WEBAnything But Mid. August 16, 2024. Brokers, owners and developers active in the Mid-Atlantic’s retail sector describe a market buoyed by a strong consumer base, though the landscape varies somewhat across urban and suburban areas. Even as the Mid-Atlantic contends with higher interest rates and a drop in daytime traffic within urban centers ...
Webinar – Shopping Center Business
WEBFeb 29, 2024 — On October 15 Ancillary Retail hosted a webinar titled “Driving Income Through Specialty Leasing and Ancillary Revenue.” Webinar panelists shared how important it is to quickly shift strategy, not just in relation to COVID-19, but everywhere that customers and retailers are already adapting to omnichannel shopping.
News – Shopping Center Business
WEBKeizer, Ore. — Hanley Investment Group Real Estate Advisors has brokered the $13 million sale of Keizer Village Shopping Center in Keizer, roughly 45 miles southwest of Portland. Physiq Fitness and The Thrift Store anchor the property, which totals 76,785 square feet. The center, which was built in 1962 and renovated in 2004, was 99 percent ...
From The Magazine – Shopping Center Business
WEBJul 1, 2024 — The U.S. retail market is currently on a long stretch of rock-solid performance at the property level. The national vacancy rate is at a healthy 4.1 percent, according to first-quarter 2024 research from CoStar Group. This comes one quarter after a stellar 4 percent vacancy rate at year-end 2023. What’s more is net store openings are on pace ...