Retail

A roundup of recent deals, leases, executive moves, and other news from the past week.

The combined platform will connect Aetna's provider network to consumer access through CVS retail, including more than 9,700 CVS Pharmacy locations.

Retail first remains relevant by adjusting its tenant mix and second, by updating its physical plant, CBRE's Phil Voorhees tells GlobeSt.com in discussing the sale of the Triangle.

In the not too distant future, parking lots at retail centers could be obsolete, and retail owners today are grappling with how to convert that additional space into new revenue streams.

"Retailers who successfully integrate their brick-and-mortar stores with online and mobile platforms will continue to flourish for the long term,” says Steven K. Winters of CBRE.

Avison Young's Jedd Nero says retail is ending stale brick-and-mortar operations, enthusiastically embracing restaurants and technology.

Office and residential growth are creating increased demand for retail, and local as well as out of state buyers are attracted to well-placed centers with strong tenants that draw on increasingly affluent surroundings.

"There is a big black cloud over retail and concerns of how much space might be coming online," says RPAI's Steve Grimes. So why is he smiling?