Shopping center

Chattanooga-based mall developer CBL boosts outlook amid revenue growth

Chattanooga-based shopping center developer CBL Properties reported positive first quarter operating funds on Monday and improved its outlook for the rest of the year. Funds from operations, as adjusted, was $57.5 million, compared to $68.7 million from the same period a year ago, the company said. But the change in adjusted operating funds from the […]

Shopping center

Who wins in today’s single-tenant net lease market?

The Single Tenant Net Lease (STNL) market has seen a nice evolution. Rents are rising and capitalization rates are at or near historic lows. 2021 was a record year for STNL deal volume, with $103 billion in investment sales, according to Stan Johnson Company research, and Q1 2022 has already outpaced Q1 2021 by more […]

Shopping center

$83 million sale at anchored North Carolina grocery store closed by institutional real estate advisers

FAYETTEVILLE, NC–(BUSINESS WIRE)–Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Freedom Town Center, a 350,800 square foot shopping center with grocery store in Fayetteville, North Carolina. The center sold for $83 million, which is $236 per square foot. “Over 99% occupancy at the time of sale by […]

Shopping center

Ohio company buys Millsboro mall

Ohio-based Chase Properties has acquired the majority of the Peninsula Crossing mall in Millsboro, including the PetSmart seen here. | PHOTO COURTESY OF COSTAR GROUP MILLSBORO — An Ohio-based mall owner and operator has acquired Peninsula Crossing, an outdoor mall in Millsboro. Hunting propertiesa Beachwood, Ohio-based company announced the acquisition on May 2 but did […]

Shopping center

Indonesia launches mall and mall certification program to crack down on counterfeit sales

The presence of counterfeit products in the Indonesian market is a stubbornly persistent challenge that has plagued the country for many years. The U.S. Trade Representative’s Special 301 Report, which is published annually to assess intellectual property (IP) protection regimes around the world, has placed Indonesia on its “priority watch list” 23 times and 10 […]

Shopping center

An arrest in connection with six burglaries at the Manassas shopping center

MANASSAS, Va. (WRIC) – Detectives from the Virginia Property Crimes Bureau have arrested a suspect in connection with several burglaries at a Manassas mall that took place in March. Talal Hasan, 18, from Chantilly, was located in Alexandria and arrested on Wednesday May 10 and charged with six counts of burglary for the March incident. […]

Shopping center

Pandemics, priorities and the future of commercial real estate destinations

Beset by pandemic pressures and evolving in the face of ongoing demographic and socio-cultural shifts, the commercial real estate industry is on the cusp of profound change. The commercial and mixed real estate landscape of tomorrow will be very different. While 2021 turned out to be a much stronger financial performance than many pundits had […]

Shopping center

North Olmsted shopping center sold for $16 million

Stark Enterprises of Cleveland has divested its Brooklor Plaza shopping center near the intersection of Brookpark and Lorain roads in North Olmsted to a subsidiary of Rubin Realty of Valley Stream, New York, in a $16 million transaction, according to Cuyahoga County property records. Anchored by Golf Galaxy, TJ Maxx and OfficeMax, the center dates […]

Shopping center

Refocused Prop Tech: Collecting Data to Build a Retail Community

The popularity of real estate technology (prop tech) has grown rapidly as retail owners and operators seek opportunities to streamline and improve their properties through data collection. However, says Sandy Sigal, president and CEO of NewMark Merrill, the hardest part of making accessory technology useful isn’t collecting data. “The hard part of successfully implementing accessory […]

Shopping center

Part of Lake Highlands Mall is demolished for townhouses

Barbara Reeves, a longtime real estate agent with Re/Max, recalls the excitement of moving her brokerage office to a new mall in Lake Highlands around 1985. The building is northeast of Tom Thumb at the intersection of Skillman Street and Audelia Road, noted for its large tiled domed roof. In the years since, she said […]

Shopping center

“Change is happening,” says mayor – Shaw Local

DeKALB — DeKalb town leaders gathered Monday to mark what they said was a North Side rehabilitation plan, including the demolition of the Hillcrest Mall, which is set to begin Tuesday. Timothy Moore was one of about 10 members of the Phi Sigma Kappa fraternity to meet outside the Hunter Hillcrest Mall in DeKalb on […]

Shopping center

Property Management Software for Shopping Centers: In-Depth Market Analysis 2022 and Future Forecast 2028 | Key players include

Shopping Mall Property Management Software Market 2022 This research report offers Impact of recent market disruptions such as the Russian-Ukrainian war and the COVID-19 outbreak study accumulated to offer latest insights about acute features of Shopping Mall Rental Property Management Software market. This intelligence report includes investigations based on Current scenarios, historical records and future […]

Shopping center

2 men charged in fatal shooting outside Lower Nazareth mall – The Morning Call

Nine months after a fatal shooting in a crowded parking lot in the Lower Nazareth Township mall, authorities have announced charges against two Harrisburg men. One is in custody and the other is at large and believed to be armed and dangerous, Northampton County District Attorney Terence Houck said at a news conference Friday morning. […]

Shopping center

St. Pete Market Bullish Real Estate Company Buys Mall • St Pete Catalyst

Millan Holdings LLC, a Tennessee-based real estate investment firm, has purchased the Bayview Plaza commercial building in St. Petersburg. The group purchased the 78,781 square foot mall in a $7.25 million deal. The place anchored in Winn-Dixie, at 11100 4and Street North in the Gateway area is 89% leased to 14 tenants, including Skyway Café, […]

Shopping center

New restaurants and stores open at Elk Grove Mall

A mall in Elk Grove welcomes more new tenants; a sandwich franchise will soon debut in Elk Grove; and a popular furniture chain recently opened in the city. Cosmetics retailer Sephora recently opened its location at The Ridge on Elk Grove Boulevard and Bruceville Road, adjacent to the nearly 42,000 square foot Amazon Fresh supermarket […]

Shopping center

Faris Lee: Retail presents attractive post-pandemic opportunities

Jeff Conover,Faris Lee Investments Multi-family and industrial product types may be the hottest in many markets, but Jeff Conover and Shaun Riley, managing directors of Irvine, Calif.-based Faris Lee Investments, believe retail has the most great opportunities for investors. “It comes down to two things,” says Conover. “Higher yields and higher returns.” Triple net leases […]

Shopping center

City Finalizes Mall Financing Plan – InkFreeNews.com

Interior renovations have already begun at the western end of Warsaw’s MarketPlace shopping center where a Big Lots store will open later this summer. Dan Spalding’s InkFreeNews photo. By Dan SpaldingInkFreeNews WARSAW — Plans advanced Monday, May 2, to finalize funding that will allow the city to provide $1.4 million to help renovate Warsaw’s Marketplace […]

Shopping center

May Day Aloha Thrives at Pearl City Shopping Center’s 808 Craft & Gift Fair | MyPearlCity.com

I would like to thank Lauren Ushijima Mori, owner of 808 Craft & Gift Fairs, for an amazing event Sunday at Pearl City Mall that brought together a group of amazing vendors, our wonderful Pearl City community and their Ohana, and visitors to our community for enjoy May 1, 2022 together. 808 Craft & Gift […]

Shopping center

Eastland Mall Walls Crumble – Macomb Daily

Decades of old memories crumbled with thousands of pounds of rubble as demolition continued Monday at the closed Eastland Mall in Harper Woods. Located on the south side of Vernier (Eight Mile Road) and Kelly Roads across from Eastpointe, the 81-acre site once held fond memories for many Macomb County residents who worked, shopped and […]

Shopping center

🌱 Thefts from shopping malls + closure of Hon cafe + medicine recovery day

Hello, neighbors! Michele here with your brand new edition of the Glen Burnie Daily. First, today’s weather forecast: Quite sunny. High: 67 Low: 43. Here are today’s top stories at Glen Burnie: A man is charged with breaking into four businesses in the Chesapeake Square Mall at Glen Burnie. While the police were investigating a […]

Shopping center

Reforming a Notorious Market: Greenhills Mall – Trademark

To print this article, all you need to do is be registered or log in to Mondaq.com. A look at why the Mall of the Philippines has become a notorious market for trademark counterfeiting With over 2,000 stores, Greenhills Shopping Center (GSC) in San Juan, Metro Manila has been a preferred shopping mall […]

Shopping center

Carrollton mall sold for $25 million

Sales Bridge Investment Group purchased two apartment communities in the Dallas area with 712 units. The properties are Essence, a 348-unit garden-style apartment community at 4200 Horizon North Parkway in Dallas, and Allure, a 364-unit community at 4300 Horizon North Parkway in Dallas. Newmark’s Richard Furr, Brian Murphy, Brian O’Boyle Jr. and Jakob Andersen brokered […]

Shopping center

Chinese billionaire may be behind Bradenton mall’s nearly $10 million purchase | Business Observer

A Bradenton mall has been sold for $9.5 million to a Seattle-based company that may have ties to a Chinese billionaire. The center is The Fountain, a 72,795 square foot property on West 14th Street. Current tenants include Crunch Fitness, Good Liquid Brewing Co., Armed Forces Career Center and Grand Buffet.​ According to a press […]

Shopping center

Naperville Plaza, the city’s first neighborhood mall, sells for $52 million – Chicago Tribune

As recent sales show, there’s still plenty of life left in the city’s first nearby mall, which turns 60 this year. The 115,000 square foot Naperville Plaza at Washington Street and Gartner Road was sold for $52 million this year to Regency Centers, a Jacksonville, Florida-based real estate investment trust. The transaction comes just over […]

Shopping center

Shopoff Realty Investments sells Iron Horse mall in Sparks, Nevada for $18 million

IRVINE, Calif., April 27, 2022 /PRNewswire/ — Shopoff Realty Investments (“Shopoff”), a national manager of opportunistic, value-added real estate investments, today announced that the company has sold the Iron Horse Shopping Center, a 185 890 square feet, located at Sparks, Nevada for $18 million. “When Shopoff purchased the Iron Horse Mall, the property was in […]

Shopping center

Demolition approved for Hillcrest Mall set for mid-May – Shaw Local

DeKALB – In about two weeks, the Hillcrest Mall on the north side of DeKalb will be demolished, part of a year-long plan by the City of DeKalb to rehabilitate the space that once housed businesses and residents. Followed by a round of applause led by Ward 1 Alderman Carolyn Morris, a unanimous vote by […]

Shopping center

Highland Park Village owners buy stake in upmarket Charlotte mall

The owners of Highland Park Village are raising their profile as luxury retail owners in multiple cities. HP Village Management said Tuesday it had purchased an interest in the upscale Phillips Place in Charlotte, North Carolina, and would lease and market the property. Phillips Place is a 163,000 square foot shopping and dining center located […]

Shopping center

Continental Realty Corp. sells Merritt Manor shopping center for $11.9 million

Anchored by Gold’s Gym, the Merritt Manor mall’s roster of tenants includes a mix of national and local retailers, including Sherwin-Williams, Dollar General, Hair Cuttery, GNC, Chicken Rico and Leslie’s Swimming Pool Supplies. (photo sent) Continental Realty Corporation (CRC), a Baltimore-based real estate investment and management firm, has completed the sale of Merritt Manor Mall, […]

Shopping center

Exeter Commons mall sold to NJ company for $72 million

A view of the Exeter Commons shopping center on Perkiomen Avenue in Exeter Township. The center was sold to Wharton Realty Group of New Jersey. (DONNA ROVINS – MEDIANEWS GROUP PHOTO) Exeter Commons in the township of Exeter has been sold. (PHOTO SUBMITTED) A view of some of the shops at Exeter Commons in Exeter […]

Shopping center

Demolition bid heads to DeKalb City Council for Hillcrest Shopping Center – Shaw Local

DeKALB – A Rockford-based contractor may soon demolish the old Hillcrest Mall building on the north side of DeKalb, part of a plan by the City of DeKalb to reclaim the land for future development. All tenants of the mixed-use commercial and residential building, formerly owned by Evanston-based Hunter Properties, are expected to relocate by […]

Shopping center

Struggling Bolingbrook Mall sold for $30m with big discount

Marc Wilkow of M & J Wilkow and David Williams of Bixby Bridge Capital with The Promenade Bolingbrook (M & J Wilkow, LinkedIn, Google Maps) A Chicago real estate investment firm has acquired a struggling shopping center in the Chicago suburb of Bolingbrook, causing Starwood Capital Group to suffer a steep loss on the property. […]

Shopping center

Texas investor buys Carrollton mall for $25 million

Stan Johnson with Northcrest Village Shopping Center (Stan Johnson Company) A Dallas-area mall sold for $25 million. A Texas investor bought the 136,000-square-foot center, called Northcrest Village, in Carrollton, Texas, in a 1031 exchange, brokerage Stan Johnson Company said April 21. ALDI and Ace Hardware are the mainstays of the center, which was approximately 85% […]

Shopping center

Northpond Partners sells Naperville mall for $52 million

Regency Centers’ Nick Koglin with Naperville Plaza (Regency Centers, Loopnet) A Chicago investment firm has made nearly $16 million in profit on the sale of a Naperville mall it bought during the pandemic. Northpond Partners has sold the 115,000 square foot Naperville Plaza to the Jacksonville REIT, Regency Centers, for more than $52.4 million, Crain […]

Shopping center

Regency Centers buys Naperville Plaza shopping center in suburban Chicago from Northpond Partners

The investment worked particularly well for Northpond, which acquired the mall in December 2020, as the COVID-19 pandemic spread and the outlook for the real estate market, particularly retail, looked particularly shaky. Northpond paid $36.5 million, a price that reflected investor wariness at the time. Regency said it paid $52.4 million for the property, a […]

Shopping center

Shopoff Realty Investments Sells Remaining Parcel of Los Alisos Village Shopping Center in Mission Viejo, CA

IRVINE, Calif., April 21, 2022 /PRNewswire/ — Shopoff Realty Investments (“Shopoff”), a national manager of opportunistic, value-added real estate investments, today announced that the company has sold the remaining 0.67 acre parcel of the Los Alisos Mall. Village, for $3.5 million to a private investor. The parcel includes a 4,978 square foot building currently leased […]

Shopping center

Auto dealer pays nearly $45 million for Tampa mall | Business Observer

One of Tampa’s most significant malls sold for $44.5 million. The 67,019 square foot corner in Westshore was sold to car dealership Bruce Qvale, who purchased the property in a 1031 exchange. The property is in the Westshore neighborhood across from International Plaza and is home to retailers and restaurants including The Container Store, Olive […]

Shopping center

Bolingbrook’s Promenade outdoor shopping center under new ownership

BOLINGBROOK, IL – A Bolingbrook Mall’s location in a growing southwestern suburb has made it attractive to its new owners who have taken over mall operations. Chicago-based M&J Wikow recently announced that it has taken over ownership of the Promenade in a joint effort with Northbrook-based Bixby Bridge Capital. The two groups said they have […]

Shopping center

Panel Endorses Plan for City’s Role in Mall Rehabilitation – InkFreeNews.com

By David SloneTimes Union WARSAW – The issuance of tax bonds for the Warsaw Marketplace reached a new milestone on Tuesday, April 19, with the Warsaw Economic Development Commission’s approval of a resolution authorizing the necessary steps to be taken. The Commission’s action came less than a day after the Common Council approved a resolution […]

Shopping center

🌱 Death of an 18-year-old and two others injured + Shopping center sold

Hello again, Round Rock! Important Update: All of you as readers have made Round Rock Daily such a success that I am honored to announce the next phase of the newsletter. The fix is looking for a local writer and entrepreneur to lead the Round Rock Daily. While I enjoyed getting to know this community, […]

Shopping center

Rockwood Mall and Golf Park could be replaced with hundreds of residential units

Stanley Martin Homes wants to build hundreds of residential units on land currently occupied by the main retail strip of Rockwood Square Mall and Rockwood Golf Park in Chesterfield County. Photo courtesy of Chesterfield County. Chesterfield County’s long-term plan to transform Rockwood’s aging commercial corridor is about to be launched by a Reston-based builder with […]

Shopping center

McKinney Mall sold to Austin investor

Sales An Austin-based investor acquired McKinney Marketplace, a 16,918 square foot shopping center located at 9241 Virginia Parkway at Custer Road. Derek Schuster and Kevin Butkus along with Weitzman brokered the sale through a Plano-based investment group. Infinite point property purchased LBJ Station, a 249-apartment building located at 8997 Vantage Point Drive near the LBJ […]

Shopping center

Deer Park Mall to collect food bank items – Shaw Local

DEER PARK – Deer Park Town Center, an outdoor lifestyle mall, announced it is hosting an April food drive in support of the Northern Illinois Food Bank. “We identified a desperate plea for help in our community newspaper to support local food pantries and immediately sprang into action,” Angelika Fejklowicz, marketing manager at Deer Park […]

Shopping center

Crossings mall sells for $104 million

NEWINGTON — Crossings Shopping Center was recently acquired by RPT Realty in a $104 million off-market transaction, the buyer announced. The Crossings, located at 45 Gosling Road, is a 510,000 square foot outdoor center anchored by major retailers like Best Buy, Kohl’s, Dick’s Sporting Goods, Trader Joe’s and other retailers. The mall is 95% occupied […]

Shopping center

Brazil’s Multiplan CEO expects shopping mall sector to surpass pre-pandemic levels

The logo of the company Multiplan is displayed on a screen on the floor of the Brazilian Stock Exchange B3 in Sao Paulo, Brazil, July 25, 2019. Picture taken July 25, 2019. REUTERS/Amanda Perobelli Join now for FREE unlimited access to Reuters.com Register RIO DE JANEIRO, April 12 (Reuters) – Brazil’s shopping mall sector is […]

Shopping center

Vermont’s most-visited mall sells for $60 million

BOSTON, April 7, 2022 – JLL Capital Markets today announced that it has advised on the $60 million purchase and arranged a $36.27 million acquisition financing for University Mall, a 617,000 square foot enclosed regional shopping center, anchored in a grocery store and Target in Burlington, Vermont, which is the #1 mall in the state. […]

Shopping center

Hanley Investment Group is arranging the sale of Highland Avenue Mall in San Bernardino, California for $10 million

SAN BERNARDINO, Calif. – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in the sale of commercial properties, today announced that the company has arranged the sale of World Plaza, a multi – tenant of a 55,810 square foot commercial building located on Highland Avenue in San […]

Shopping center

Rose Hill Shopping Center Redevelopment Project, Comments Requested

ROSE HILL, VA — The Rose Hill Mall could be in for an overhaul if a redevelopment proposal gains community support and moves forward. The mall owner is currently seeking feedback from the Rose Hill Civic community before proceeding. The mall owner Combined Properties presented the proposal at a meeting of the Rose Hill Civic […]

Shopping center

NBI seizes fake Louis Vuitton P63-M products in Greenhills Mall

(FILE Photo) Greenhills Mall, July 12, 2021. Niño Jesus Orbeta/Philippine Daily Inquirer MANILA, Philippines – A total of 63 million pesos worth of suspected counterfeit or counterfeit products were seized by the National Bureau of Investigation (NBI) during a one-day operation at Greenhills Mall in San Juan City, the Intellectual Property Office of the Philippines. […]

Shopping center

Three Keys Mall Owners Should Remember When Challenging Property Tax Assessments

Shopping mall owners should be especially vigilant about unfair taxation of their properties this year. Pictured is Twin Lakes Centers, a mall anchored in Wegmans in Cary, North Carolina, which sold out earlier this month. Homeowners must receive a notice of appraised value from their assessment district by mid-April. This year, it is imperative that […]

Shopping center

First Washington Realty Acquires Donahue Schriber Realty Group

Bethesda, Maryland and Costa Mesa, California — Bethesda-based commercial real estate owner First Washington Realty (FWR) has purchased Donahue Schriber Realty Group Inc., a Costa Mesa-based mall owner. An affiliate of FWR has acquired the private retail REIT and its portfolio of grocery store-anchored outdoor centers from institutional investors advised by JP Morgan Global Alternatives. […]

Shopping center

The fully restored Belle Terre shopping center and River Oaks apartments – L’Observateur

LAPLACE – A LaPlace apartment complex and shopping center severely damaged by Hurricane Ida will soon be fully renovated and reopened to the community. Vedant Vasanji, owner of the River Oaks apartment complex across from Sonic in LaPlace, is buying the Belle Terre Marche shopping center to support the rebuilding efforts of St. John the […]

Shopping center

Mall deal is Craighead County’s newest deal

Ken Yarbrough conducted Craighead County’s largest residential and commercial property transfer, from Feb. 15 to March 15, according to the Craighead County Assessor’s Office. He spent $3.15 million buying a mall on Christian Valley Drive. The transaction closed on March 4. Julcar Properties LLC completed the region’s second largest real estate purchase during the period. […]

Shopping center

Newport Beach firm buys Fontana mall for $70.5 million – Whittier Daily News

The Inland Empire Center, a 309,500 square foot mall anchored by Cardenas Markets in Fontana, sold for $70.5 million. (Courtesy of CBRE) JH Real Estate Partners Inc. in Newport Beach has purchased the Inland Empire Center in Fontana for $70.5 million, according to CBRE. The brokerage said the 309,500 square foot mall located at 16701-16873 […]

Shopping center

Rhode Island Regional Mall Trades

Warwick Center BOSTON – JLL Capital Markets announced that it has completed the sale of Warwick Center, a 160,000 square foot regional shopping center located in Rhode Island’s dominant retail market in the Providence-area community of Warwick. JLL represented the seller and Capital Group Properties LLC acquired the asset. Completed in 2005, Warwick Center is […]

Shopping center

Newport Beach firm buys Fontana mall for $70.5 million – Orange County Register

The Inland Empire Center, a 309,500 square foot mall anchored by Cardenas Markets in Fontana, sold for $70.5 million. (Courtesy of CBRE) JH Real Estate Partners Inc. in Newport Beach has purchased the Inland Empire Center in Fontana for $70.5 million, according to CBRE. The brokerage said the 309,500 square foot mall located at 16701-16873 […]

Shopping center

3 men charged in February with shooting at Columbia mall

Howard County police have charged three men and a minor in connection with a shooting last month at a Columbia mall that injured a suspect and two bystanders, including a child. Video above (February 15): 2 adults, one child shot and injured in downtown Columbia store The shooting took place in February. A mother and […]

Shopping center

Pandora jewelry store opens at West Acres Mall – InForum

FARGO – A Pandora jewelry store will open later this spring or summer in the West Acres mall. West Acres announced the new store in a post on its Facebook page on Thursday, March 31. “A little extra sparkle is making its way to West Acres…We’re thrilled to share that Pandora will be opening this […]

Shopping center

New Substation II to Open in Sandhill Shopping Center | Business

Residents of northeast Colombia and visitors looking for a good old-fashioned New Jersey-style sub sandwich will soon have a new option when Monica and Herbert King open their Sub Station II restaurant at 460-6 Town Center Place (between Moe’s and Five Guys) at Sandhill Village. The opening of the restaurant is scheduled for the end […]

Shopping center

Changes to come in a vacant building impacting the Clovis shopping center

CLOVIS, Calif. (KFSN) — Tic Talk Salon owner Kia Lo says she moved her business to the mall at 30 W. Shaw because she wanted to attract more foot traffic. But with a property that’s been vacant for more than a year just yards away, the move isn’t what she had imagined. Lo says, “I’ve […]

Shopping center

Vote on Adding 24 Condos to Silverton Mall Delayed Due to Opposition – Toms River, NJ Shorebeat

The mall at 1922 Hooper Avenue, Toms River, February 2022. (Photo: Daniel Nee) A vote on whether to approve 24 new condominium units at a shopping center on Hooper Avenue in the Silverton section of the township was halted after a member of the Toms River zoning board cited a dispute mid -hearing and recused […]

Shopping center

Lawsuit filed against stalled purchase of Bennington Mall | Local News

BENNINGTON — A planned sale of a Depot Street shopping center for $700,000 has stalled due to a right-of-way issue involving neighboring property, and the proposed buyer has filed a lawsuit in the Bennington Superior Court Civil Division. Dionysus LLC, an entity controlled by Paul Carroccio, owner of TPW Real Estate of Stratton, Ludlow and […]

Shopping center

Developer buys land and begins construction of $70 million Metro East mall

Construction is already underway to turn the Glen Carbon site – the former Foucek Tree Farm – into the Orchard Town Center. GLEN CARBON, Ill. — A St. Louis County developer has purchased the land and begun construction on a $70 million Metro East retail development, while expanding its real estate footprint with an additional […]

Shopping center

Freedom Town mall in Fayetteville sells for $72.5 million

Freedom Town Center, one of Fayetteville’s premier malls, was recently sold. The Skibo Road mall, home to stores including Sprouts Farmers Market, Cost Plus World Market, DSW Designer Shoe Warehouse and Dick’s Sporting Goods, was sold in February for $72.5 million, according to a RealtyLink press release. , the seller of the property. . The […]

Shopping center

Central WA Mall challenges the ‘dying malls’ narrative

Changing trends In recent years, there have been many reports declaring the mall dead. And for good reason: National retailers that occupied malls closed stores or went out of business altogether, leaving many vacancies. And malls unable to fill those vacancies fast enough have become ghost towns. Malls such as Northgate Mall in Seattle and […]

Shopping center

Fenton Shopping Center delays opening to end of April

Cary’s Fenton shopping center will open its first block of retail offerings next month after years of development. Courtesy of Fenton CARY Cary’s highly anticipated Fenton multiplex will host a soft opening ceremony at the end of April to usher in its first block of retail and dining options. The 69-acre mixed-use development on Cary […]

Shopping center

Longtime Tucson mall bought by local developers for $10 million | Subscriber

A central Tucson mall, more than 70 years old and once the location of department stores such as McLellan’s and Korby’s, has been sold. Larsen Baker, through its subsidiary Rancho Developers LLC, purchased the 80,000 square foot Rancho Center, 3302-3416 E. Speedway, for $10 million. Built in 1950, the mall is now home to Whole […]

Shopping center

Houston-Based Investment Group Buys Seguin Mall | Alert

A Houston-based investment group has purchased Seguin Crossroads Mall, formerly known as Five Courts Mall, and will soon transform the mall. PBC Interests, led by Joan Collum and Stephen Pheigaru, has purchased the nearly 40-year-old center at 1500 E. Court St., Seguin Economic Development Corporation executive director Josh Schneuker said in a news release announcing […]

Shopping center

Seguin shopping center bought by an investor based in Houston | Alert

A Houston-based investment group has purchased Seguin Crossroads Mall, formerly known as Five Courts Mall, with plans to transform the mall. PBC Interests, led by Joan Collum and Stephen Pheigaru, has purchased the nearly 40-year-old center at 1500 E. Court St., Seguin Economic Development Corporation executive director Josh Schneuker said in a news release announcing […]

Shopping center

Piccolo Trattoria plans restaurant expansion and outdoor dining at Newtown Mall

NEWTOWN TOWNSHIP >> The Newtown Township Board of Supervisors will this week review plans submitted by Piccolo Trattoria to expand its restaurant at the Newtown Shopping Center on West Road. The restaurant proposes to expand into the former Dogs and Cats Rule space and build a 2,212 square foot covered outdoor dining area with 112 […]

Shopping center

Another local mall anchored by Publix changes hands

The Charter Colony Mall is anchored by Publix. (Mike Platania photos) Call it the Publix effect. For the fourth time in as many years, a mall anchored by Publix in the Richmond area has been sold to an out-of-town company. The latest deal was for the Charter Colony mall at 200 Charter Colony Parkway, which […]

Shopping center

JH Real Estate Partners buys Inland Empire shopping center

Hugo Aviles, CEO of JH Real Estate Partners, and the property at 16701 Valley Boulevard (Google Maps, JHREP) Investors are hot for industrial property in the Inland Empire – and they’re gearing up for retail, too. JH Real Estate Partners has purchased a 310,000 square foot shopping center in Fontana for $70.8 million, CBRE reported […]

Shopping center

Gerrity’s will open an Ace Hardware store in the Back Mountain Mall in June

SHAVERTOWN — Joe Fasula, owner of Gerrity’s Markets and Ace Hardware stores, announced Wednesday that the company will open its fourth Ace Hardware store in the former Thomas’ Food Market in June. Fasula said he plans to hire 25 full-time and part-time employees as well as management positions for the 17,000 square foot store – […]

Shopping center

Shopping Center Rental Property Management Software Market Statistical Forecast, Trade Analysis 2022 – Oracle, Yardi Systems, ARCHIBUS, Inc., DYNA Software & Consulting Inc, etc.

“ The Global Shopping Center Rental Property Management Software Market research report is a brief study of the players and structure of the global Shopping Center Rental Property Management Software industry. To this end, the report analyzes published secondary data and some key indicators. The Global Shopping Center Rental Management Software Market report analyzes the […]

Shopping center

The Whaley Center has become the best mall in Fayetteville, North Carolina

Fayetteville, North Carolina, March 15, 2022, ZEXPRWIRE, This mall has everything you need and more! With a variety of stores to choose from, you’re sure to find what you’re looking for. Not only is the choice excellent, but the prices are too! You’ll be able to save money on everything from clothes to accessories. So […]

Shopping center

What ALDI’s rapid expansion means for net rental investors

The pandemic has cast a spotlight on essential retailers, and despite a resurgence in almost every retail category, the grocery sector remains a priority for investors. Shopping Center Business recently reached out to Tom Georges, Director of Stan Johnson Co.’s New York office, to discuss current trends impacting the single-tenant and multi-tenant grocery industry and […]

Shopping center

Fargo’s South Plaza mall will be razed, an entire block will be redeveloped

FARGO (KVRR) — Big changes are coming to a Fargo neighborhood that has been home to several well-known businesses for decades. The Craig Companies of Fargo plans to purchase and redevelop the aging South Plaza mall along South University Drive. The deal also includes several rental homes on the west side of the same block, […]

Shopping center

Shopping center developer invests in laundromats (conclusion)

GARDEN GROVE, Calif. – Red Mountain Group, which specializes in retail redevelopment, recently developed its first high-speed laundromat – Boulder Express Laundry Services – here in Garden Grove. Rooted in a Walmart store, the 3,800-square-foot laundry room has seen 10% month-over-month growth since its launch, according to the owner. In May 2020, Red Mountain expanded […]

Shopping center

Shopping center developer invests in laundromats (Part 1)

GARDEN GROVE, Calif. – Red Mountain Group, which specializes in retail redevelopment, recently developed its first high-speed laundromat – Boulder Express Laundry Services – here in Garden Grove. Rooted in a Walmart store, the 3,800-square-foot laundry room has seen 10% month-over-month growth since its launch, according to the owner. In May 2020, Red Mountain expanded […]

Shopping center

Commercial real estate is also booming, as the mall brings in millions

A subsidiary of Palm Beach’s Frisbie Group paid $6.75 million in February for a shopping mall in a prime corner of West Palm Beach. The sale price paid by Frisbie, more than four times the price of $1.49 million paid in 1999, reflects the continued demand for properties along the coveted South Dixie Freeway corridor. […]

Shopping center

Mall REIT Cedar Realty Trust sells portfolio

Bruce Schanzer of Cedar Reality Trust (Cedar Reality Trust, iStock) Mall REIT Cedar Realty Trust has reached agreements to sell its entire portfolio in at least three transactions totaling $1.2 billion. The Long Island-based company’s portfolio includes 53 properties covering approximately 7.6 million square feet of gross leasable area, spread across eight northeastern states from […]

Shopping center

MacKenzie chosen to sell Hagerstown shopping center

The South End Mall in Hagerstown is located at 1101-1181 Maryland Ave. and situated on nearly 12 acres of land with over 450 surface parking spaces. The asset faces MD Route 632 and more than 12,000 vehicles pass through the site daily. (photo sent) MacKenzie Commercial Real Estate Services, LLC and Equity Retail Brokers have […]

Shopping center

Sherwood Mall COVID-19 Vaccination Clinic Closes as Attention Shifts to Mobile Clinics – WAVY.com

WAVY Weather Night Update | February 26, 2022 Movable / 2 hours ago Video Sunday morning rain | February 26, 2022 Movable / 4 hours ago Video WAVY Morning Weather Update | February 26, 2022 Movable / 15 hours ago Video WAVY Weather Night Update | February 25, 2022 Movable / 23 hours ago Video […]

Shopping center

McAlester to open its largest mall featuring Hobby Lobby, TJ Maxx and Ross among others – FOX23 News

TULSA, Okla. – The town of McAlester is set to receive a major economic boost when it opens its largest mall this spring. FOX23 spent time talking to Kirk Ridenour, director of economic development for the town of McAlester, Friday morning about the 200,000-square-foot mall that took seven years to build. The $30 million development […]

Shopping center

McAlester to open its biggest mall with Hobby Lobby, TJ Maxx and Ross among others – 102.3 KRMG

TULSA, Okla. – The town of McAlester is set to receive a major economic boost when it opens its largest mall this spring. FOX23 spent time Friday talking to Kirk Ridenour, director of economic development for the town of McAlester, about plans for the 200,000-square-foot mall that spanned seven years. The $30 million development project […]

Shopping center

Suburban Chicago mall sells for $20 million

Randall K. Rowe, President and Founder of Green Courte Partners, outside 840 South Waukegan Road in Lake Forest (Green Courte Partners) An Arkansas company has paid $20 million for a 90% occupied mall in suburban Chicago, indicating a rebound in retail as concern over the virus ebbs. Woodard Properties purchased the 50,000 square foot complex […]

Shopping center

Starbucks considering San Pedro mall for another drive-thru location – Daily News

The Garden Village mall in San Pedro, along Western Ave., has a vacant bank building that will be demolished to make way for a drive-thru Starbucks. (Photo by Chuck Bennett, Contributing Photographer) The Garden Village mall in San Pedro, along Western Ave., has a vacant bank building that will be demolished to make way for […]

Shopping center

Rental management software for shopping centers: bringing new innovative solutions to market in 2022 to drive global growth with a key player

Shopping Mall Property Management Software Market 2021 this report is included with the Analysis of the impact of the COVID19 epidemic key points influencing market growth. In addition, the shopping center rental management software market (By Major Key Players, By Types, By Applications and Major Regions) Segments Outlook, Business Assessment, Competition Scenario, Trends and Forecast […]

Shopping center

Starbucks considering San Pedro mall for another drive-thru location – Daily Breeze

The Garden Village mall in San Pedro, along Western Ave., has a vacant bank building that will be demolished to make way for a drive-thru Starbucks. (Photo by Chuck Bennett, Contributing Photographer) The Garden Village mall in San Pedro, along Western Ave., has a vacant bank building that will be demolished to make way for […]

Shopping center

Shooting outside Northeast Side mall puts 4 in hospital

Taylor Pettaway, Personal editor February 24, 2022Updated: February 24, 2022 10:08 a.m. Police attempted to locate the shooter but were unsuccessful. Police do not know what led to the shooting. Express-News /File Photo Four people have been hospitalized after gunfire broke out at a North Side mall on Wednesday. San Antonio police were called to […]

Shopping center

Invesco buys Westchester Cortlandt Crossing shopping center

Scott Dennis, CEO of Invesco Real Estate and Cortlandt Crossing Shopping Center in Mohegan Lake (Invesco, Katz & Associates) Cortlandt Crossing changes hands. The mall anchored at ShopRite in Westchester County is being sold by the original developer to Invesco Real Estate for $65.5 million, according to the Westchester & Fairfield County Business Journals. Cortland […]