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PHILADELPHIA-Three separate announcements signal shifts in the retail landscape. Philly's own Manny, Moe & Jack will close 33 stores. York, PA-based Bon-Ton offers to buy Elder-Beerman, and Haru Sushi will make Chestnut Street its first location outside New York.
MIAMI-The enclosed mall portion of Town & Country has experienced low occupancy levels while the strip center portion of the 601,942-sf retail center has seen the exact opposite.
INGLEWOOD, CA-The Calabasas-based firm closes escrow this week on its $12 million purchase of the 305,120-sf Crenshaw Imperial Plaza, a mixed-use center, from Crenshaw Imperial Plaza LLC.
HACKENSACK, NJ-Designated as part of this city's urban renewal, the new building named after the firm's founder brings even better news--it's already fully leased.
PLANO, TX-The diocese hopes to close in December on the 280,000-sf building and 47.5 acres, making a longstanding dream become reality for a fifth Catholic high school in the Dallas-Fort Worth area. If all passes muster, construction could start in 16 months.
DALLAS-The firm puts every class A building in the Dallas CBD, Uptown and Central Expressway under the magnifying glass and mulls over a build-to-suit in Las Colinas before deciding to hold onto the keys for another 12 years at Bank One Center.
LOUDOUN COUNTY-Ownership of an 850-acre area known as Evergreen Rural Village changes hands in a $15.3 million transaction. Upon completion of a residential development, the new owner plans to set aside approximately 80% of the land as open space.
CHICAGO-Lake County is a rarity among submarkets, according to HSA Commercial Real Estate, as the average asking net lease rate has held firm from the first quarter at $5.58 per sf.