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Retail real estate might not be as talked about as multifamily, but that doesn't mean there isn't a lot going on. Though the sector has improved, there's still some uncertainty about the state of the tenant. Best Buy is closing 50 stores after an increase in pressure from discount stores and Amazon.com, and prior to that, Borders shut down its business.

With all of that, though, there are expanding concepts filling this vacant space. Several restaurant chains are looking for spots and many of the big-box discounters, like Target, are expanding into urban areas where they have never been before. Meanwhile, transactions are back. Class A retail properties and net-leased assets are trading at a premium and there's such a demand for space that retailers are considering repurposed space, making value-added transactions more attractive. At the same time, there is very little new space coming on line due to a lack of development. A team of retail experts breaks down what is happening in the market and lets us know what we should expect.

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