Premier Retail commercial real estate news, analysis, trends and information including shopping centers, malls, strip centers, big boxes, mixed-use, grocery, neighborhood and high-street segments deals and players.
WASHINGTON, DC-Dipping consumer confidence has led most retail real estate companies to lower expectations this year, but an analyst says because of long-term leases, most are somewhat buffered by lagging retail sales.
SOUTHFIELD, MI-The REIT gets $40 per sf for the community shopping center located in Athens, AL as part of its strategy to dispose of non-core assets. Proceeds will be used in part to pay off variable-rate debt.
NEW YORK CITY-Moody's expects the manager of ski resorts and golf courses to take advantage of the improvements it has made to its infrastructure over the last several years.
DETROIT-Home Depot officials are saying plans for the company's first store in the city remain viable. The Atlanta-based company has been looking at a site in Riverbend Plaza shopping center to build a new store.
CHARLOTTE-A 135,000-sf Home Depot retail store and a 10,000-sf CBS Pharmacy will anchor the first 145,000-sf phase of Promenade on Providence, scheduled to open this summer. The estimated hard construction cost is $40 million.
PHOENIX-New 350,000-sf retail center in northeast is filling up. Brokers recently signed up six more tenants, even though the facility won't be completed until fall.
MANHATTAN, KN-The 55,700-sf shopping center in this college town is sold to Chicago-based Heritage Property Investment Trust as Glimcher Realty focuses on its stronger markets. The center is anchored by Falley's Food 4 Less.
HILLSBORO, OR-In December, the Florida-based corporation acquired a 4.17-acre parcel once planned for a full-service Marriott hotel for $3.8 million. The company isn't yet talking, but sources Regency has preleased 80% of a planned 46,500-sf development.