Retail

Single-tenant retail assets priced $5 million or less continue to sell with the most velocity due to having the largest audience of prospective investors and all-cash buyers that are less dependent upon financing, HIG's Bill Asher tells GlobeSt.com.

Investors are attracted to the metro area's healthy retail fundamentals underpinned by nation-leading population and employment growth, leading to the sale of two single-tenant retail buildings.

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

GlobeSt.com caught up with Jeremy Cohen, a partner at national commercial real estate firm Hartman Simons, to get his take on these and other food hall lease issues.

The soft-good tenants that used to occupy big boxes are no longer what Millennials want to see in those spaces, and retail landlords need to be tuned in to their tastes, which often revolve around entertainment, NKF's Dan Samulski tells GlobeSt.com.

“907 Market Street is a high-quality asset located in the heart of Market East, the fastest growing neighborhood in Philadelphia's burgeoning City Center district,” says Joseph Sitt, CEO of Thor Equities.

As North Texas explodes with new development and continued growth, Allen has the foundation in place to potentially emerge as a new submarket, similar to the CBD, Uptown and Richardson-Plano.

Despite some headlines, panelists at the recent MBA CREF/Multifamily Housing Convention and Expo 2018 say that as ecommerce continues to grow, the risks and opportunities for lenders remain difficult to forecast.