OAK BROOK, IL-Inland Western Retail Real Estate Trust Inc., based here, is joining with Las Vegas-based Juliet Cos. in a $500-million venture to develop multi-tenant retail properties in the West. The company is looking to build retail centers mostly in Las Vegas, but also in Arizona, California, Utah, Oregon and Washington.

The Inland REIT officials say Juliet will contribute 10% of the $125 million in equity for the venture, and the REIT will pay the other 90%. The REIT will receive fees including property management, development and leasing fees, as well as a promoted interest in each project. The companies have a 36-month commitment.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.