Retail

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.

PHOENIX-A local developer has purchased a parcel in the rapidly expanding suburb of Gilbert for $1.3 million and plans to build a retail center there.

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.