Clik here to view.
Economy Watch: Some 12K Stores at Risk of Closure in 2018
By D.C. Stribling, Contributing Editor The year just past was a gloomy one for certain U.S. retailers, and while holiday sales were strong, that doesn’t mean that retail closures are going to slow down...
View ArticleClik here to view.
Forest City Sheds 1.2 MSF Shopping Mall
By Jeff Hamann Antelope Valley Mall in Palmdale, Calif. QIC has acquired Antelope Valley Mall in Palmdale, Calif., from Forest City Realty Trust. The 1.2 million-square-foot sale is part of a larger,...
View ArticleClik here to view.
Forest City Sells Pittsburgh Mall
By Jeff Hamann The Mall at Robinson in Pittsburgh Forest City Realty Trust has traded The Mall at Robinson, an 873,000-square-foot retail asset in Pittsburgh, to QIC as part of a nearly $3.2 billion...
View ArticleClik here to view.
Terreno Picks Up Seattle Industrial Asset
By Jeff Hamann 4786 First Ave. South in Seattle Terreno Realty Corp. has purchased a 235,000-square-foot industrial property in southern Seattle from a group of private investors. According to public...
View ArticleClik here to view.
Building the Retailtainment Experience
The commercial real estate industry has shifted from offering services and products to providing experiences. Today’s shopping experience includes entertainment and dining options, as well as mixed-use...
View ArticleClik here to view.
Seritage Growth, Invesco Team Up for La Jolla Conversion Project
By Keith Loria The Collection at UTC Invesco Real Estate and Seritage Growth Properties have joined forces to own The Collection at UTC, an adaptive re-use of a recently-closed Sears store and auto...
View ArticleClik here to view.
The Opportunity Behind Vacant Mall Spaces
By Laura Calugar Gordon Sudbeck, vice president of leasing, Noddle Cos. (Image courtesy of Noddle Cos.) The retail industry has changed a lot in the past decade. First, the Great Recession hit and then...
View ArticleClik here to view.
St. Louis Mall Changes Hands
By Jeff Hamann Chesterfield Mall Hull Property Group has acquired the 1.3 million-square-foot Chesterfield Mall near St. Louis, Mo. According to the St. Louis Post-Dispatch, the asset traded for $13...
View ArticleClik here to view.
Lionheart Capital Subsidiary Lands 734 KSF Ohio Retail Asset
By Timea Matyas Richland Mall Out of the Box Ventures, a Lionheart Capital subsidiary, has acquired the 733,633-square-foot Richland Mall in Mansfield, Ohio. The transaction excludes Sears and Avita...
View ArticleClik here to view.
DealPoint Merrill Acquires Ohio Retail Store
By Roxana Baiceanu Richmond Town Square Mall DealPoint Merrill has made another retail acquisition in Richmond Heights, Ohio. After buying the former Macy’s department store at the Richmond Town Square...
View ArticleClik here to view.
How Sears’ Bankruptcy Filing Will Influence Retail
By Gail Kalinoski Sears (Image courtesy of Sears Holdings Corp.) On Oct. 4, Sears held a grand reopening ceremony at the Oakbrook Center in Oak Brook, Ill., to show off its new modern, smaller,...
View ArticleClik here to view.
Co-Tenancy Clauses in a Changing Retail Landscape
by Michele L. Krause Now that Sears has filed for bankruptcy and announced it will close more than 140 stores, what’s next for all that large, vacant retail space? When it comes to co-tenancy clauses,...
View ArticleClik here to view.
CBRE Tapped to Sell Former Sears Stores in OH
By Timea Matyas Former Sears in Mentor, Ohio CBRE is listing to sale two former Sears properties in northeast Ohio totaling roughly 35 acres. Both sites feature department stores with freestanding...
View ArticleClik here to view.
$1B Mixed-Use Project Set to Rise Near Dallas
By Holly Dutton Aerial view of Collin Creek Mall Centurion American Development Group has acquired Collin Creek Mall and the adjacent Sears property in Plano, Texas, with plans to redevelop the 1.1...
View ArticleClik here to view.
Victoria’s Secret Closings Add to Weak Malls’ Woes
A Victoria’s Secret retail store After another national brand announced the closure of dozens of stores nationwide, struggling, vulnerable malls once again braced for another hit. L Brands Inc., the...
View ArticleClik here to view.
ICP Buys Former Sears Distribution Center in Metro Columbus
4400 S. Hamilton Road. Image via Google Maps Industrial Commercial Properties has acquired a 570,000-square-foot former Sears distribution center in Groveport, Ohio. Cleveland-based ICP has acquired...
View ArticleClik here to view.
Summit Design + Build Breaks Ground on Chicago Adaptive Reuse Project
Rendering of 1900 W. Lawrence Ave. Image courtesy of Summit Design + Build Less than half a year after completing renovations at 156 N. Jefferson St. in West Loop, Summit Design + Build has started a...
View ArticleClik here to view.
Reich Brothers Buys Florida’s Largest Single-Building Warehouse
Transformco Distribution Center. Image courtesy of Avison Young Reich Brothers has purchased Transformco Distribution Center, Florida’s largest single-building industrial asset located in Ocala, Fla....
View ArticleClik here to view.
Sears Trades 1.4 MSF Memphis Industrial Asset
3456 Meyers Drive. Image via Google Street View Sears has sold an approximately 1.4 million-square-foot distribution center in Memphis, Tenn., for $7.5 million to Phoenix Investors. JLL facilitated a...
View ArticleClik here to view.
$100M Houston Project Lands Chevron as 1st Tenant
The Ion. Image courtesy of Rice Management Co. Rice Management Co., custodian of Rice University’s multibillion-dollar endowment fund, has secured its first lease agreement for The Ion, its...
View Article