Retail

The $400 million first phase of project has reimagined an ageing and underutilized section along Market Street into a dynamic full block of leading stores and popular restaurants.

Hotel room inventory in Lower Manhattan is expected to increase 27% in the next few years and if all projects in the pipeline move on to development, the hotel inventory in Lower Manhattan will reach 9,019 rooms in 45 hotels by 2020.

The largest transaction—a $165-million non-recourse mortgage loan—is collateralized by 85 assets owned by subsidiaries of SMTA and leased to Shopko that are held outside of the company's Master Trust.

Potential buyers want to see how the recent Walgreens and Rite Aid merger works out, among other concerns.

The 734-bed development will bring a new Jewish community center, European arcade-style retail stores and expanded parking to intersection of Garner Street and Beaver Avenue.

Downtown Los Angeles has attracted a bevy of major retailers, and with a growing population base, this is likely just the start.

In this <b>EXCLUSIVE</b>, GlobeSt.com learns more about the challenges and opportunities that Bay Area builders are facing, including the huge push for mixed-use and transit-oriented development.

Among the stores targeted for shut down include two locations in Manhattan at 2008 Broadway on the Upper West Side and 635-641 6th Ave. in Chelsea. According to the two stores' respective website, both locations have already been permanently closed.