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There is a healthy mix of buyer profiles targeting the purchase of shopping centers sized above 50,000 square feet, including institutions, developers and high-net-worth private individuals targeting 7 to 8% caps.
Dalcor Holdings recently purchased Vista on Gessner, an 805-unit multifamily development, and will convert all units into upgraded affordable housing for 60% of the area median income.
Leaving her posts as president, CEO and board member, Silverstein is reportedly in talks with WeWorks, as the REIT sells one of its last remaining assets, the Viceroy Hotel.
The sale transaction for the 93.3%-leased shopping center was announced by brokerage firm HFF, which marketed the property on behalf of the seller, Retail Value Inc, which earlier this month spun off of Beechwood, OH-based DDR Corp.
GlobeSt.com <b>EXCLUSIVELY</b> caught up with Chris Breeden of Seven Oaks Co. to discuss how virtual connectivity is changing how we interact with both tenants and asset owners and how to use these tools effectively in this two-part Q&A series.