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The purchase of RKF, according to Robert K. Futterman, who will serve as chairman of Newmark RKF, Newmark's retail leasing division, will bring Newmark Group “one step closer to creating a platform that will reshape and significantly impact the retail industry.”
Successful malls will be those that transform beyond shopping into social town centers, places where people go to eat, meet friends, be entertained, relax or experience an array of other services, says QIC.
One of the most unique parts about the Understory space is the merging of the street and tunnel levels–that's something that hasn't been previously done as entries were not directly accessible from the street level.
The San Francisco Giants just announced the selection of Tishman Speyer as its joint venture partner to develop the waterfront Mission Rock mixed-use neighborhood near AT&T Park.
"While e-commerce is rapidly changing our world, no one has perfected how to get a freshly made donut, taco or burger and fries through the internet,” says Boulder's Randy Blankstein.
The property was part of a multi-property acquisition strategy, across multiple states, to fulfill the buyer's 1031 exchange requirement, Hanley Investment Group Real Estate Advisors states.