Retail

NP International, which acquired the 4.3-acre site in November 2016 from Berkowitz Development for $60.25 million, has hired UK-headquartered Balfour Betty to build the transit-oriented project that is scheduled for delivery in the fourth quarter of 2020 and is designed to achieve LEED-certified Silver designation.

While some sales are breaking records, overall, retail sales volumes are down $768 million throughout the state this year.

The SVAP III fund intends to primarily target grocery-anchored shopping centers, street retail, power centers and mixed-use properties in major markets across the United States.

Landlords and investors just need to perform more due diligence when leasing and buying properties in the age of e-commerce.

Separately, GGP's proposed acquisition by Brookfield Property appears to be heading to the finish line.

Even there were no mandated LEED requirements, Equity Residential saw it as an opportunity to lead the market and 855 Brannan is now the largest LEED Platinum-certified multifamily development in the city.