Shopping center

Keeping pace in a changing world

The changes in the real estate world due to technological developments and the COVID-19 pandemic are enormous. Today’s mall would be unrecognizable ten years ago. But we live in a changing world and so we have to adapt. Landlords are inventing creative ways to rename, repurpose and reinvigorate malls and strip malls in this new […]

Shopping center

Do you want to buy a shopping center? Bidding at Fashion Square Mall starts at $2.3 million

SAGINAW TOWNSHIP, MI — Once the region’s retail centerpiece, Fashion Square Mall itself will become a purchasable item for shoppers next month. The Saginaw Township-based indoor mall — which remains open for business — will be available in an online auction beginning Monday, Aug. 22, according to the webpage of the real estate company overseeing […]

Shopping center

Florida investor takes over Houston mall

A mall anchored by Conn’s and Petco in Humble has changed hands between two Florida investors. South Florida-based JBL Asset Management has expanded its retail portfolio in Houston with the purchase of Humblewood Shopping Center, a 163,897 square foot mall located at 19611 US 59 in Humble. The company has six other shopping centers in […]

Shopping center

Collecting tool donations for school at Azeka Mall in Kīhei

July 16, 2022, 4:21 p.m. HST * Updated July 16, 4:20 p.m. School supplies. Photo credit: Pexels.com Azeka Mall – and tenants Nalu’s South Shore Grill, ekolu kitchen1279, The Sun Spot Maui and Island Art Party – are collecting donations for the Tools for School campaign through July 24. Donations are accepted at the Azeka […]

Shopping center

Shopping Mall Property Management Software Market 2022 by Key Players, Regions, Type and Application, Forecast to 2030

The Shopping Center Rental Property Management Software Market report is a perfect basis for people who are looking for a comprehensive study and analysis of the Shopping Center Rental Property Management Software Market. This report contains diverse study and insights that will help you understand your niche and focus on major market channels in the […]

Shopping center

Toyota Tsusho Corporation. – CFAO opens PlaYce Yaounde, the largest shopping center in Cameroon, in the capital Yaoundé

Toyota Tsusho Corporation (‘Toyota Tsusho‘) announced that its subsidiary CFAO SAS (‘CAD/CAM‘) opened ‘PlaYce Yaounde’ in from Cameroon capital of Yaounde on July 6, 2022, to strengthen its retail business. PlaYce Yaounde is one of the largest shopping centers in Cameroon, with approximately 17,000 square meters of space on 35,000 square meters of land. It […]

Shopping center

Vantage signs a second tenant for the Brick Boulevard Square shopping center

Marking the second tenant it has secured for the Ocean County complex, Vantage Commercial announced a commercial lease covering approximately 9,500 square feet at Boulevard Square in The Brick. Aire Salon Studios will join the mall located at 515 Brick Blvd. Director of Guest Services Monica Walsh worked with tenant Nina Lancin and landlord Robert […]

Shopping center

Pyramid mall sues Amazon over closure

Stephen Congel and Pyramid Management Group’s Crossgates Mall in Albany (Pyramid Management Group, Google Maps) Amazon was at a retail crossroads when it closed its “4 star” stores. Now he’s being sued by Crossgates Mall – despite still paying his rent. A subsidiary of Pyramid Management Group, owner of the Albany mall, is taking the […]

Shopping center

Klein Enterprises Acquires Shopping Center Portfolio of Nine Properties in Mid-Atlantic

The mall portfolio includes The Shoppes Arts District (pictured) in Hyattsville, Md. (Photo courtesy of Klein Enterprises) BALTIMORE — Klein Enterprises, a Baltimore-based investment and development firm, has purchased a portfolio of nine grocery-anchored malls in Mid-Atlantic. The portfolio spans 800,000 square feet of retail space and was 80% leased at the time of the […]

Shopping center

H Mart is already looking to expand into SF’s Oceanview Mall

The very popular Korean market with indoor restaurants, H Mart, is already expanding in San Francisco. The New Jersey-based chain opened here in 2021, having opened two locations in San Jose. The H Mart in San Francisco is located in the Oceanview Village shopping center on the edge of Ingleside Heights on Alemany Boulevard off […]

Shopping center

Craighead County’s Best Real Estate Deals Include Mall and Commercial Land

Erving Ridge Consulting & Development LLC completed the largest residential and commercial property transfer in Craighead County, from May 15 to June 15, according to the Craighead County Assessor’s Office. The company spent $6.9 million to buy a mall that includes Pet Smart on Highland Drive. The transaction closed on June 1. Seth and Jordan […]

Shopping center

2 arrested, 3 more wanted in Douglasville mall murder

ATLANTA, Ga. (CBS46) – Two people have been arrested in connection with the shooting death of a man last week at the Douglas Commons mall. According to Douglasville Police Chief Dr. Gary Sparks, Janaya Campbell, 29, is being held in Calhoun County Jail and Ismael Gomez, 26, is being held in Dougherty County Jail on […]

Shopping center

Sterling Organization buys Lynwood Mall in bankruptcy auction

Brian Kosoy of Sterling and Plaza Mexico (Sterling Organization, iStock) Sterling Organization purchased Plaza Mexico, an approximately 400,000 square foot mall in Lynwood, after the mall filed for bankruptcy in 2021. The West Palm Beach-based investment firm paid $165 million for the property at a bankruptcy auction, the company said in a statement last week. […]

Shopping center

Cedar Realty Trust sells grocery store-anchored mall portfolio for $879 million

Pictured is Cedar Realty Trust’s Northeast Heights redevelopment project in Washington, DC, which was recently acquired by an undisclosed buyer for $46.5 million. The New York-based REIT also completed the previously announced sale of 33 centers to a partnership between DRA Advisors and KPR Centers. Port Washington, New York – Cedar Realty Trust sold a […]

Shopping center

Watch now: Rental activity recovers after Danville shopping center fire | Local business news

“We’re trying to put it back together,” Shanna Luck, store manager at ColorTyme, said in a company interview Monday morning. The rental business offers appliances, furniture and other household items. Although the owner had to relocate the business, ColorTyme and its employees didn’t have to move very far. Previously located at 627 W. Main St. […]

Shopping center

Goodwill to reopen Pittsfield flagship store at Allendale Shopping Center / iBerkshires.com

PITTSFIELD, Mass. – Goodwill Industries of the Berkshires and southern Vermont will hold a grand reopening of its flagship store on Saturday, July 16 from 9 a.m. to 7 p.m. at 5 Cheshire Rd. in the Allendale Mall. Goodwill’s current store in Pittsfield, located at 457 Dalton Ave, will close next week. The nonprofit’s […]

Shopping center

The Back Ring: before Hamburg Place was a shopping mall – Horse Racing News

by Joe Nevilles|07.10.2022|7:05 A horse at work in Hamburg Place, December 1953 CLICK HERE TO READ THIS BACK RING ISSUE The latest issue of Back Ring is now online, ahead of the July Fasig-Tipton sale. The Back Ring is The Paulick Report’s blood inventory newsletter, published before and during all major North American Thoroughbred auctions. […]

Shopping center

‘Ahuimanu shopping center fully leased

KILAUEA – Let Love BLOOM joins ‘Ahuimanu Mall, which is now fully leased despite the difficult economic environment of the past two years. The 1,050 square foot boutique offers sustainable clothing, believing that fashion shouldn’t be harmful to the planet or the creatures – human or animal – that reside there. Let Love BLOOM only […]

Shopping center

A New Kind of Restaurant is Coming to the Manors Mall in Lawrenceville, NJ

There’s something really exciting happening in North Lawrence that’s totally going to add something the residents don’t already have. The Manors Mall in Lawrenceville, NJ, right next to Amalfis Restaurant, has new businesses making their way to the mall. We found out that a new brewery would soon take up one of the mall’s vacant […]

Shopping center

Jimmy Resnick buys Kendall mall for $32 million

Jimmy Resnick with 11531–11631 North Kendall Drive (Google Maps, Getty) A Miami Beach investor is the latest retail player to catch the South Florida mall wave with a $32 million purchase from Kendall. An entity linked to Jimmy Resnick purchased Kendall Marketplace at 11531-11631 Southwest 88th Street, records show. The buyer secured an $18 million […]

Shopping center

Alabama Shannon Waltchack Company Acquires Northwest Midland’s Borgata Mall

Commercial real estate company Shannon Waltchack has acquired a 46,619 square foot Borgata Neighborhood Center shopping center in Midland – the seventh acquisition in SW’s latest fund, SW Neighborhood Centers II, which focuses on acquiring neighborhood centers in markets targets across the country, according to a press release. This is Shannon Waltchack’s first deal in […]

Shopping center

Sterling acquires Iconic LA mall for $165 million

Sterling Organization acquired at a bankruptcy auction Plaza Mexico, an anchored 403K SF grocery and drugstore mall located on a 33-acre infill property in Lynwood, Calif. Known for its iconic design and robust event calendar, Plaza Mexico was acquired for $165 million by Sterling’s institutional value-added fund, Sterling Value Add Partners III. JLL advised the […]

Shopping center

Village shopping center sold for $20.4 million | New

The Village shopping center on Town and Country Drive in Danville was sold for $20.4 million in a deal that closed on June 21. (Photo by Jeanita Lyman) The Village shopping center in Danville changed hands last month, with the property previously owned by a San Ramon company now in the hands of Danville’s Blake […]

Shopping center

Tucson mall sells for $18.4 million | Subscriber

A mall in the Catalina Foothills area has been bought by investors for $18.4 million. The 33,347 square foot Paloma Village Center, at the southeast corner of Skyline Drive and Campbell Avenue, sits on 4.49 acres. Tenants include Fleming’s Steakhouse, CVS, Starbucks, and several smaller retail and service businesses. Chad Tiedeman and Danny Gardiner, along […]

Shopping center

Danville mall brings in $20 million

Bradley Blake and Brad Griggs with 115 Town and Country Drive (Blake Griggs Properties, Google Maps) The demographics helped offset recent retail trends to hold a mall in the affluent suburb of Danville toward the high end of the Bay Area market during a recent sale. The 67,192-square-foot Village mall at 115 Town and Country […]

Shopping center

Redevelopment of Bolingbrook Commons shopping center set to begin

BOLINGBROOK, IL — Bolingbrook Village Council has approved a redevelopment agreement for the redevelopment of the Bolingbrook Commons Mall on Route 53 and Highway 55. The deal was approved at the June 28 board meeting. Redevelopment will begin in July or August, the village said. Denny’s, Wendy’s and the liquor store will remain, and new […]

Shopping center

Chicago investor takes over struggling South Barrington mall

South Barrington Arboretum and Rick Heidner (TripAdvisor, LinkedIn) A Chicago investor has taken over a struggling shopping mall in the residential suburb of South Barrington. A company run by Rick Heidner purchased the defaulted $67 million loan on the South Barrington Arboretum, Crain reported. The transfer of the 480,000 square foot commercial property marks the […]

Shopping center

The mall across from Westfarms Mall sells for $26.4 million. The composition of the tenants mattered. – Hartford Courant

The sale of a fully leased shopping center opposite Westfarms Shopping Center is another sign that outdoor commercial space is at the forefront of the commercial real estate recovery in the aftermath of the pandemic. The Newington Westfarms Center, which straddles the West Hartford-Farmington city limit, is anchored by Dick’s Sporting Goods, Ulta Beauty and […]

Shopping center

Arlington approves $15 million to redevelop ‘functionally outdated’ mall

The vote and sale are the latest developments for a mall that city officials say has shrunk over the past 20 years. Trademark Property Company CEO Terry Montesi said his company would like to transform the brown-brick mall into a better offering of retail, office space and mid-rise apartments. Lincoln Square’s location along Interstate 30 […]

Shopping center

Rental Management Software for Shopping Centers: Market History – Check Which Players Are Focusing on Improving Operational Efficiency

Shopping Mall Property Management Software Market 2022 this report is included with the Impact of latest market disruptions such as Russian-Ukrainian war and COVID19 outbreak impact analysis 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 […]

Shopping center

New Lee County Mall Opens Tuesday

ESTERO Construction of a new shopping center near Corkscrew Road in Lee County began on Tuesday morning. Developers say the Verdana Village Shoppes, located six miles east of I-75 along Corkscrew Road, will be a one-stop-shop for area neighbors, featuring a Publix supermarket, retail stores and restaurants. The area is growing and developers say the […]

Shopping center

Car dealership and mall in Aiken County sells in seven figures

June 23—Recent seven-figure real estate deals include the sale of an auto dealership at 490 Jefferson Davis Highway in Graniteville and a shopping mall at 1961 Whiskey Road in Aiken. J&S Properties of South Carolina LLC purchased Johnson Motor Company of South Carolina at 490 Jefferson Davis Highway LLC for $2.44 million on June 6, […]

Shopping center

Aiken County Auto Dealership and Mall Sells in Seven Figures | Company

Recent seven-figure real estate transactions include the sale of an auto dealership at 490 Jefferson Davis Highway in Graniteville and a shopping center at 1961 Whiskey Road in Aiken. Exit 22 on I-20 becomes a hot spot for development and improvements in Aiken County J&S Properties of South Carolina LLC purchased Johnson Motor Company of […]

Shopping center

Bridgewater shopping center wins two new tenants

The Bridgewater Shops – a shopping center along Prince Rodgers Avenue in Bridgewater, located on a stretch of road that leads to the Bridgewater Commons shopping center – has added two new tenants, NAI James E. Hanson announced on June 22. The company said it negotiated leases for commercial space with: Randy Horning and Darren […]

Shopping center

Large chunks of the East Bay mall are being bought by a real estate company

SAN LEANDRO — Several pieces of a major East Bay mall have been purchased by a real estate group that is also involved in revamping another shopping complex in Alameda County. Large sections of the Bayfair Center, a longtime shopping center in San Leandro, were purchased by a group linked to two East Bay real […]

Shopping center

HCMC Authorities Approve Centralized Healthcare Sector Mall | Health

Associate Professor Tang Chi Thuong The largest city in the south is the first locality in the country to pilot this model, hoping to solve difficulties and problems in the supply of medicines and medical supplies. Associate Professor Tang Chi Thuong, director of the city’s health department, had a conversation with a reporter from Sai […]

Shopping center

Mall Rental Management Software Market – San Juan Independent

How about a well-researched study on shopping center rental property management software that includes an in-depth look at the various models, programs, and properties that could potentially cause a paradigm shift in growth rate? It’s a reality. Based on the latest developments in shopping center rental management software, Market Reports is the answer to all […]

Shopping center

Upland Square mall will be sold for $85.7 million

WEST POTTSGROVE — Another mall in the area is about to change hands. United Hampshire US REIT has announced plans to buy Upland Square shopping center in West Pottsgrove for $85.7 million. The mall, whose mainstay is a giant grocery store, is sold by Paramount Realty Services. United Hampshire US REIT said it entered into […]

Shopping center

Macy’s leases Carson’s store in Evergreen Plaza mall in Evergreen Park

On the first floor, the retailer will open a Market by Macy’s, the first Chicago-area location for the spin-off concept. A Macy’s Backstage, an off-price chain launched in 2015, will open on the second floor. So far, Macy’s has only opened about five Market by Macy’s stores, in Texas and Atlanta. The stores, which range […]

Shopping center

The remodeled mall in Far North Dallas has a new pizzeria, Cane Rosso

Neapolitan pizzeria Cane Rosso has opened in Hillcrest Village, the resurrected mall near Hillcrest and Arapaho roads in far north Dallas. Cane Rosso on Arapaho Road in Far North Dallas occupies one street corner, making it one of the most visible restaurants in Hillcrest Village. Cane Rosso was born in Deep Ellum and spread to […]

Shopping center

Atlanta-area mall is trading for $97 million

LAWRENCEVILLE, GA – Baltimore, MD-based Continental Realty Corp. has acquired a 330,000 square foot outdoor shopping center in Lawrenceville, GA for $97 million from New York-based real estate investment firm Olshan Properties. Located at 1250 Scenic Highway South in suburban Atlanta, The Shoppes at Webb Gin offers 70 units of retail and office space in […]

Shopping center

The center anchored by Whole Foods in Sugar Land sells

On the heels of reclaiming a Whole Foods center in West U, a New York-based real estate company is taking over another mall anchored at Whole Foods in an affluent suburb of Houston, as retail centers in Retail anchored in a grocery store continue to be popular choices for investors in the pandemic. Brixmor Property […]

Shopping center

Court Evicts Corrado Market from The Brick Mall – Brick, NJ Shorebeat – News, Real Estate, Events, Community, Sports, Business

Corrado’s Market, Brick, NJ, June 2022. (Photo: Daniel Nee) When Corrado’s Market applied for a certificate of occupancy to open its long-awaited store in Brick Township, a Superior Court judge granted an eviction petition against the business. Several eviction notices were posted on the door of the future supermarket, located in the Laurel Square shopping […]

Shopping center

Brixmor property: Run to this mall owner (NYSE: BRX)

The Good Squad/DigitalVision via Getty Images REITs had a decent run in the 12 months to May, and that’s when it all started to fall apart. Worries about rising inflation, rising rates and tenant profitability have dampened the stock prices of many REITs and the Mall segment has not been immune to this. This brings […]

Shopping center

Opening of the Bonefish Grill in the Matthews Festival shopping center | Mmhweekly

MATTHEWS — Bonefish Grill is moving to Matthews Festival Mall on June 16. To celebrate the opening, Bonefish Grill will host a fundraising day in support of Loaves & Fishes / Friendship Trays, which provides groceries, meals and hope through a network of food pantry, groceries to Meals on Wheels and Meal Delivery as the […]

Shopping center

The mall anchored in a grocery store in Hackensack is changing hands

Riverfront Plaza is a 129,000 square foot mall anchored by ShopRite in Hackensack. –JLL Riverfront Plaza in Hackensack has one of the largest grocery brands in the state as an anchor tenant – ShopRite – and a new owner. JLL Capital Markets announced the closing of the sale of the 129,000 square foot mall on […]

Shopping center

Tezos-powered LYZI app will enable Beaugrenelle mall with 110 stores to accept crypto including XTZ and EURL

LYZI & Zebitex LYZI is a wallet, payment network, and loyalty program app that facilitates cryptocurrency transactions. The LYZI app: “…will soon be listed and exchangeable and convertible with any other currency (Lugh, Tezos, Algorand, Euros, Dollars). In other words, you can redeem your loyalty points for cash. As reported on the LYZI app website, […]

Shopping center

Starbucks is coming to Corona Mall – Daily Bulletin

A Starbucks joins the line of stores at Green River Promenade in Corona. The company signed a 10-year lease with the landlord under an agreement brokered by Pablo Velasco, senior vice president of leasing and sales at Progressive Real Estate Partners. The 1,800 square foot Starbucks will be drive-thru only at 4300 Green River Road […]

Shopping center

Starbucks is coming to Corona Mall – Press Enterprise

A Starbucks joins the line of stores at Green River Promenade in Corona. The company signed a 10-year lease with the landlord under an agreement brokered by Pablo Velasco, senior vice president of leasing and sales at Progressive Real Estate Partners. The 1,800 square foot Starbucks will be drive-thru only at 4300 Green River Road […]

Shopping center

Police seek help in mall homicide investigation

DAYTON, Ohio (WDTN) – Police are asking for help in a homicide investigation. The Montgomery County regional dispatcher reported that officers responded to a shooting at the Cornell Mall on North Gettysburg Avenue around 3:20 a.m. Upon arrival, they found one person with a gunshot wound. According to the Montgomery County Coroner’s Office, the coroner […]

Shopping center

Agoraverse is building a Metaverse mall on Solana, token sale expected in early June 2022 By BTC Peers

Agoraverse is building a Metaverse mall on Solana, token sale expected in early June 2022 The metaverse is an extension of the physical world into an unlimited digital realm that is far more exciting and unbridled. For what the sphere holds, the total valuation of companies in the web 2.0 metaverse was estimated to be […]

Shopping center

Newmark Completes $6.25 Million Sale of Multi-Tenant Phoenix Shopping Center

May 26, 2022 09:00 Newmark[1] announces that it has completed the $6.25 million sale of Plaza 59, a 32,128 square foot multi-tenant shopping center in Phoenix, Arizona. Newmark Senior Managing Directors Steve Julius and Jesse Goldsmith and Director Chase Dorsett represented Seller, Plaza 59, LLC (a Scottsdale-based private investor) in the trade with Buyer 33rd […]

Shopping center

IPA Brokers Selling $8.3 Million in Food at Lion-Anchored Mall Near Savannah Harbor

Garden Grove is a mall anchored by Food Lion located next to the Port of Savannah in Garden City, Georgia. GARDEN CITY, GA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, negotiated the $8.3 million sale of Garden Grove, a Food Lion-anchored shopping center located next to the Port of Savannah in […]

Shopping center

Galleria Dallas, Texas’ Sole Winner, Wins Three 2022 International Mall Awards » Dallas Innovates

Galleria Dallas received a Gold Award for Experiential Marketing for POP! In summer 2021. [Photo: Galleria Dallas] Marketplaces are usually thrilled to win an annual ICSC MAXI award, honoring creative and innovative practices that are shaping the future of retail. But this year, the Galleria Dallas won three MAXIs for three very different 2021 experiences, […]

Shopping center

Town and Country Shopping Center sells to Miami developer | News

A Miami investment firm that bills itself as focusing on “distressed residential and commercial projects” was the winning bidder to acquire the Town & Country mall in Springfield. Larkspur Properties is expected to complete the deal on June 24 after bidding for $5.77 million in a five-day online auction that ended May 24. The auction […]

Shopping center

Hillside Village Mall Overview: Cabbage Building, Dessert Shops

Construction at Sprouts at the Hillside Village Mall. Photo by Renee Umsted. Several new businesses were scheduled to open at the Hillside Village mall this spring. Here’s an update on what’s open and what’s not. Parlor’s Ice Creams recently celebrated a grand opening at its first physical location. SMU grads Kellie and Brandon Stoll, the […]

Shopping center

South Mall tenant moves to Village West mall – The Morning Call

A family business offering restored furniture, local artisan products and do-it-yourself home decor workshops is moving to Lehigh County. Uniquely Lopez Co., co-owned by husband and wife Juan and Dawn Lopez, will move in the coming weeks from its one-year location at the South Mall on Lehigh Street in Salisbury Township to the Village West […]

Shopping center

Phillips Edison & Company Reveals Top Shopping Center Trends in 2022

CINCINNATI–(BUSINESS WIRE)–Phillips Edison & Company (NASDAQ: PECO), one of the largest owners and operators of grocery-anchored shopping malls in the United States, today released its findings on key shopping mall trends that are draw in 2022 as part of ICSC Las Vegas. Common themes driving this year’s trends are proximity and convenience as retailers across […]

Shopping center

Mall group expands in Florida, acquires local retail brokerage – Trade Observer

The Shopping Centers Group (TSCG) is not sleeping on the growth of the South Florida retail market. The retail brokerage expands its already large business in Florida with the acquisition of the Southeast Distribution Group (SRG), which TSCG says will help it exploit profit opportunities in Florida, where up to 1,000 people move every day. […]

Shopping center

Sanford’s Gateway Plaza Mall Sold for $23 Million – GrowthSpotter

Marking its expansion into the Florida market, Maryland-based Greenberg Gibbons, developer and owner of mixed-use properties along the East Coast, has purchased Sanford’s Gateway Plaza Mall for $23.6 million. According to Seminole County Deed Records. The total sale is $109.8 per square foot. “We are excited to further expand Greenberg Gibbons’ footprint in the South […]

Shopping center

NJ mall will welcome 3 new tenants, including a drive-thru Starbucks

A shopping center in Ocean County will get three new stores following planning board approval. Manchester Township Planning Council recently approved a plan for a new retail building at the Whiting Commons shopping centre, according to The Asbury Park Press. The new 8,951 square foot building is expected to house Starbucks, Jersey Mike’s Subs and […]

Shopping center

2nd man charged in fatal shooting outside Lower Nazareth mall surrenders – The Morning Call

A Harrisburg man charged with a fatal shooting at a mall in Lower Nazareth Township last year has turned himself in to Colonial Regional Police. Kevin Littles, 22, of the 600 block of Lemar Avenue in Harrisburg turned himself in Wednesday, the Northampton County District Attorney’s Office said. He will be arrested later in the […]

Shopping center

Sterling Organization buys fully occupied mall in Lakewood for $17.7 million

By Catherine Sweeney During the year, Puget Sound saw a significant increase in investment activity, seeing many transactions in the first half of the year. In a recent transaction completed this month, Palm Beach, Florida-based investment group Sterling Organization acquired the fully occupied Lakewood Diamond Plaza shopping center. Ownership records show the property was previously […]

Shopping center

Macro trends and micro solutions in mixed-use projects

With the pandemic-related disruptions fading over time, the retail sector has recovered impressively. Capitalizing on a flight to quality, 2021 ushered in a dramatic increase in deal flow and revealed surprising resilience after an unusually difficult 18-24 months. While variations from market to market and sector to sector remain, the general mood among retail and […]

Shopping center

Elevate commercial real estate retail marketing with digital platforms

By Angela Sweeney, Executive Director of Pylot™, a digital platform from Imaginuity Commercial real estate marketers today must navigate an increasingly complex marketing landscape. How can you identify the right tools and technologies needed to effectively expand your marketing presence across all sites? A lot of people talk big about the benefits of integrated marketing […]

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

Red Mountain Pockets mall in Chino for $42 million

Michael H. Mugel of Red Mountain Retail Group with 11901-12089 Central Ave (Red Mountain, Newmark, iStock) An Orange County investor has paid $42.3 million for a 168,000 square foot shopping center in Chino. Santa Ana-based Red Mountain Retail Group has purchased the mall located at 11901-12089 Central Ave. in the city of Inland Empire, reported […]

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

Red Mountain Adds SoCal Mall – Trade Observer

Investment and restructuring company Red Mountain Retail Group shopping in Southern California. The Santa Ana-based company acquired Country Fair Shopping Center, a 168,264 square foot multi-tenant neighborhood shopping center for $42.3 million. Ownership records show Kimco Real Estate owned the property 11901-12089 Central Ave in Chino, California, at the western end of San Bernardino County, […]

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

Physical retail focuses on quality and customers

Josh Williams, senior vice president and chief investment officer of Cullinan Properties’ Houston office, has been closely monitoring brick-and-mortar leasing, development and sales activity since the start of our nationwide exit from the pandemic. Below are the trends he sees and where he thinks this market is heading. Retail Overview: What do you think is […]

Shopping center

Mall Concerns | The sun on the north side

Jackson City Council wants the company that owns The Junction, the Jackson mall anchored by Target and The Home Depot, to provide more information at an upcoming council meeting about its plans for the center. The mall owner wants to divide the commercial building between Target and Home Depot into lots and common areas. The […]

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

PMAT sells Megan Crossing mall

Press release – May 11, 2022 NEW ORLEANS, May 11, 2022 (Newswire.com) – PMAT Companies has completed the sale of an 85,880 square foot Megan Crossing shopping center anchored in the Hobby Lobby in O’Fallon, Missouri, to an undisclosed private buyer for $7 million – with the parcels previously sold, the Megan Crossing’s total sale […]

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

Southlake Shopping Center is sold for redevelopment

A shopping center in Southlake has been sold to a local partnership. Southlake Marketplace is a 132,000 square foot shopping center located on the southeast corner of Davis Boulevard and Southlake Boulevard. The mall is over 90% leased to tenants such as Hobby Lobby, Mooyah Burgers and Rosa’s Cantina. Dallas-based Shop Cos. and Grapevine investor […]

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

U.S. Shopping Habits Are Going Suburban

The Necessity Retail REIT, Inc. has completed the acquisition of 77 outdoor shopping centers and two single-tenant retail properties in a portfolio acquisition of 81 properties valued at $1.3 billion dollars previously announced. According to Michael Weil, CEO of The Necessity Retail REIT, Inc., “Where America Shops,” American Finance Trust’s strategic rebranding in February reflects […]

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

May 4 – First National Realty Partners Acquires Anchored Grocery Mall in Savannah | Economic development

May 4, 2022 – First National Realty Partners, LLC (FNRP), a fast-growing, vertically integrated real estate investment firm, recently announced the addition of McAlpin Square in Savannah to its expanding portfolio of grocery-anchored shopping centers . The 170,000 square foot asset marks the fourth property for the Red Bank, New Jersey, Georgia-based company. McAlpin Square […]