Retail

The economy may have recovered, but many shoppers instinctively seek out bargains.

In this <b>EXCLUSIVE</b>, Anjee Solanki, national director of retail services with Colliers International, shares insights into the retail transformation, and how click-and-collect is now driving more in-store sales. 

The retail market dynamics are more complex, but investor demand still remains strong for a fundamentally strong real estate. Plenty of investors are still moving forward.

The City of Yonkers announced on Monday it had signed a letter of intent to sell the six-acre property located northeast of City Hall for $16 million to New York City-based AMS Acquisitions.

Louis Haddad, president and CEO of Armada Hoffler Properties, states that the company intends to exercise its purchase option upon completion and may use the asset as a replacement property in a tax-free exchange.

The Navy Broadway Complex, which is currently the home of the Navy's regional headquarters, will make way for a new mixed-use development. Manchester Pacific Gateway will feature six buildings totaling 3 million square feet within eight-city blocks.

PREIT reduced its Sears exposure by 85% in five years.

President Trump may sign an executive order giving opportunity zone investments additional preferences in federal loan and grant funding, says Christopher Coes, vice president of land use and development, Smart Growth America.