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PHOENIX—BIG Shopping Centers USA and RED Development have entered into a joint venture partnership to maximize market presence and performance of select US retail properties in the Midwest and West.
LOS ANGELES—Rexford Industrial acquires an infill single-tenant facility and an infill 10.26-acre paved storage facility in two off-market transactions.
LOS ANGELES—The historically low vacancy rates in urban core markets are expected to boost retail development, and therefore absorption, which has lagged so far in the recovery.
HOUSTON--Transwestern's Houston multifamily investment sales group has completed the sale of four multifamily properties totaling 704 units. The properties include Cancun Apartments, Huntington at Stonefield, Legacy Apartments and Hidden Pines.
LOS ANGELES—Rising Realty Partners completes construction of Downtown Los Angeles' first pocket park and an 80-foot living wall at its PacMutual Campus in Downtown Los Angeles.
RICHMOND, VA—Further details have emerged on a six-business park portfolio sale reported on recently by Globest.com, including the fact that Baker Properties of White Plains, NY is the new owner of the nearly 823,000 square feet of commercial space in the region and that BNY Mellon of New York City provided $38 million in the $60.3-million transaction.
LAS VEGAS—There are two Americas. So says Xceligent data chief James Cook, and while retailers struggle to embrace both, the middle class simply struggles.
LAS VEGAS—GlobeSt.com met up with Patrick Luther, managing director at Faris Lee Investments, to get his take on the sector's health, the value of a skilled broker and how the interest for net lease is changing.