RETAIL NEWS

 
 

CP Executive

  • newFriedman Negotiates Lease for Meritus Property
    The 20,045-square-foot space is part of Tri-Atria Office Building, a two-story property located in Farmington Hills, Mich., and managed by Sterling Group.
    - 9 hours ago 17 Jan 18, 10:38pm -
  • newTranswestern Facilitates 130 KSF Industrial Sale
    Rytec Corp. purchased the high-tech manufacturing facility located in Hartford, Wisc., to accommodate the expansion of Rotec Corp., an affiliate company.
    - 9 hours ago 17 Jan 18, 10:37pm -
  • newHillwood Expands Indy Footprint
    The company purchased a portfolio of three industrial properties, totaling more than 1 million square feet of warehouse space, from Northwestern Mutual and Panattoni.
    - 9 hours ago 17 Jan 18, 10:17pm -
  • newBoston University-Proximate Retail Asset Trades
    J. & M. Realty Inc. has sold 957 Commonwealth Ave., a 15,800-square-foot retail property in Brighton, with the aim of serving Boston University's students, faculty and staff.
    - 9 hours ago 17 Jan 18, 10:02pm -
  • newUS Storage Centers Completes Miami Self-Storage Facility
    The company developed the facility in partnership with The Feldman Cos. The asset, located in North Miami, comprises 1,120 climate-controlled units.
    - 9 hours ago 17 Jan 18, 9:58pm -
  • newCompass Self Storage Continues GA Expansion
    The Amsdell Group affiliate has purchased a 72,000-square-foot facility in McDonough, Ga. The asset marks the 12th Atlanta-area Compass Self Storage facility.
    - 9 hours ago 17 Jan 18, 9:55pm -
  • newRichland Expands Houston Footprint
    Spread across a 3.9-acre site, the new acquisition marks the company’s 15th property in the area, while the firm's portfolio includes approximately 1.9 million square feet of properties in the Bayou City.
    - 10 hours ago 17 Jan 18, 9:50pm -
  • newMeridian Buys 3-Asset MOB Portfolio in LA
    The project also includes the repurposing of an existing, two-story 8,280-square-foot building into a new single-story 9,200-square-foot Type V-A ambulatory, outpatient clinic.
    - 10 hours ago 17 Jan 18, 9:30pm -
  • newDC-Area Marriott Hotel Changes Hands
    The six-story, 316-key Fairfax Marriott at Fair Oaks is a less than 20-minute drive from the Washington Dulles International Airport.
    - 10 hours ago 17 Jan 18, 9:29pm -
  • newHoliday Inn Opens 6th Hotel in Poland
    The 256-key Holiday Inn Warsaw City Centre is located in one of the fastest-growing European tourist destinations. The hotel was designed to cater to both business and leisure travelers.
    - 10 hours ago 17 Jan 18, 9:19pm -

Chain Store Age

CoStar

  • Doral Commons Shopping Center Fetches $72M
    Robust growth and a stellar retail occupancy rate in Doral, FL led to the sale of the Doral Commons shopping center for $71.56 million, or about $518 per square foot. Miami-based developer Terra sold the 138,091-square-foot plaza at 7550 NW 104th…
    - 2 days ago 16 Jan 18, 7:13am -
  • Third Street Promenade’s Adidas Building Sells for $30.3 Million
    More creative office space may be heading to the Third Street Promenade after a joint venture of two Beverly Hills investors bought the Adidas and Burn Fitness building on the popular Santa Monica shopping street for $30.3 million.The buyers, Gol…
    - 6 days ago 12 Jan 18, 3:18am -
  • California Investor Buys Central Park Commons in Eagan
    American Realty, a California-based investment firm, acquired the Central Park Commons shopping center at 3325-3385 Pilot Knob Rd. in Eagan, MN for $126.25 million, or about $306 per square foot, from CSM Corporation.The 412,987-square-foot power…
    - 7 days ago 11 Jan 18, 10:53am -
  • Sam's Club Abruptly Closes 63 Stores
    Sam's Club, a division of Wal-Mart Stores Inc. (NYSE:WMT), abruptly posted closure notices on 63 of its stores across the country yesterday.The closings impact about 10% of its fleet of 660 clubs and are expected to affect about 10,000 employees,…
    - 7 days ago 11 Jan 18, 10:15am -
  • Bianco Properties Appoints Wolk as President
    Bianco Properties promoted Daniel Wolk to president in its St. Louis office. Wolk will be replacing Michael O'brecht, who has served as the company's president for the last 20 years. O'brecht will continue to work for Bianco throughout 2018 in th…
    - 7 days ago 11 Jan 18, 9:16am -
  • Regency Centers Expands San Diego Retail Footprint
    Regency Centers is planning a $230 million redevelopment of its Costa Verde Center in San Diego's University Town Center neighborhood. Credit: Regency Centers Corp.Florida-based Regency Centers Corp. continues to grow its San Diego retail profile,…
    - 7 days ago 11 Jan 18, 6:46am -
  • CIBC Sees Up to 10% Return for REITs
    Canadian real estate investment trusts are going to have a hard time outperforming the broader public market because of investor distaste for retail assets, according to a new investment bank report.CIBC World Markets says Canadian REITs could de…
    - 7 days ago 11 Jan 18, 5:22am -
  • Looking to Cut More Costs, Sears Seeking Hundreds of Millions in New Financing
    Edward S. Lampert, the chairman and CEO of Sears Holdings Corp. (NASDAQ: SHLD), is once again coming to the financial rescue of the struggling Chicago-based retailer, which reported disappointing holiday sales.Entities controlled by Lampert are p…
    - 7 days ago 11 Jan 18, 2:56am -
  • Newport Beach Retail Sells for $5.8M
    Pizza Nova PCH LLC purchased the retail building at 2601 W. Coast Hwy in Newport Beach, CA for $5.75 million, or about $1,867 per square foot.The single-story retail building, located on a quarter-acre parcel in Orange County, totals 3,080 square…
    - 8 days ago 10 Jan 18, 12:59pm -
  • Ivanhoé Cambridge Close to Selling Stake in Two Malls
    Pictured: Fairview Mall in Toronto.Ivanhoé Cambridge is in the final stages of selling its 50% stake in two key regional malls, sources tell CoStar News.The subsidiary of the Caisse de dépôt et placement du Québec is negotiating with Regina-b…
    - 8 days ago 10 Jan 18, 10:58am -
   
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