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

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

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

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

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

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 […]

Shopping center

The Cordoba JDJ Group buys the MYO shopping center in Gandía and will expand its space

The Córdoba investment group JDJ, through the real estate asset manager Batex/Duplex formed by the commercial project manager Batex and the architecture and engineering studio Duplex ARQ Factory, became the new owner of the commercial park MYO Gandía in this Valencian city. The retail park was inaugurated in 2008 and was promoted by the company […]

Shopping center

Katong Mall is now collecting signatures from owners to conduct another bulk sale.

After two failed block sale attempts by Katong Mall, the east coast landmark has started the process for a third attempt Kuala Lumpur, Malaysia, February 22, 2022 (GLOBE NEWSWIRE) — Katong Mall management is pleased to announce that they have begun collecting endorsement signatures from landlords to initiate another bulk sale process. Katong Mall was […]

Shopping center

Ethan Offenbecher joins Sands Investment Group as Head of Shopping Center Investment Sales Team

Ethan Offenbecher “Our team is best in class and the opportunity to serve clients nationwide is an opportunity I couldn’t pass up. And we’re just getting started. 2022 is going to be a phenomenal year for real estate multi-tenant investment plan,” -Ethan Offenbecher AUSTIN, TX (PRWEB) February 22, 2022 Sands Investment Group (SIG) is […]

Shopping center

Ethan Offenbecher Joins Sands Investment Group as Head of Shopping Center Investment Sales Team | News

AUSTIN, TX, February 22, 2022 /PRNewswire-PRWeb/ — Sands Investment Group (SIG) is pleased to announce that Ethan Offenbecher joined the team in November 2021 to lead the mall investment sales team. As a shopping center specialist, Offenbecher brings over 20 years of award-winning experience. He most recently served as team leader of the Offenbecher Group, […]

Shopping center

A multi-profile shopping center will be opened in Moscow to facilitate the entry of Armenian producers into the Russian market

YEREVAN, FEBRUARY 15, ARMENPRESS. In order to boost Armenia’s exports and support entrepreneurs, the Association of Armenian Businessmen and the Ministry of Economy of the Republic of Armenia organized the presentation of the multi-profile shopping center “Bukhta Yug “in Yerevan, reports ARMENPRESS interested businessmen were introduced to the terms and conditions of participation in the […]

Shopping center

Chambersburg City Council clears sale of first phase of Southgate Shopping Center

CHAMBERSBURG, Pa. (WHTM) – From a strip mall to a mixed-use community, change is coming to Chambersburg, Franklin County. Borough council voted late Monday to allow the Chambersburg Area Municipal Authority (CAMA) to purchase the Southgate Mall. Man wanted for stealing over $11,000 from an elderly/dependent person; Chambersburg Police This has been a Borough objective […]

Shopping center

The former Searstown mall in Lakeland will get a makeover and expand

LAKELAND — As the once cutting-edge Searstown Mall did for Lakeland decades ago, a new retail design concept has been proposed for the Midtown property. Planning consultant Thuy Turner says the new owners hope the Lakeland project will build on the successful project the owners have completed in Bradenton. Attention Buyers:Five Below and Burlington arrive […]

Shopping center

PGIM Hires CBRE to Sell Marshfield Plaza Mall in Chicago’s South End

A sale of Marshfield Plaza – and its price – could provide additional clues about the state of the mall investment market. Malls suffered early in the COVID-19 pandemic as retailers closed stores and stopped paying rent. As consumers spent more money online and shunned physical stores, the most pessimistic prognosticators were predicting that the […]

Shopping center

Retail investment strengths set to continue in 2022

A fresh influx of money aimed at the retail sector has made 2021 a strong year for investment sales in the category. Factors such as the continued inflow of capital, attractive yields, diminishing fears over the demise of the 1031 exchange, and trading opportunities indicate that 2022 will likely follow in the footsteps of 2021 […]

Shopping center

RPT Realty is selling Chicago Mall for 44% off

Webster Place Mall and RPT Realty CEO Brian Harper (Google Maps, LinkedIn) A New York investment firm sold a Chicago mall at a roughly 44% discount in December after scrapping a major development plan for the troubled property. RPT Realty has sold Webster Place, a 135,000 square foot shopping center located at Webster and Clybourn […]

Shopping center

Prosper Mall is Dallas real estate investor’s latest buy

A Dallas investment group has taken over a high-profile shopping mall in Prosper. Younger Partners Investments has purchased The Shops at Prosper Trail, a nearly 100,000 square foot shopping center on Preston Road. The Strip mall is next to a Kroger Marketplace grocery store and is 98% leased. “The Shops at Prosper Trail is a […]

Shopping center

RJ Brunelli Completes Sale of ITC Crossing South Mall in Mt. Olive, NJ to Robert Rivani’s Black Lion Investment Group

MT. OLIVE, NJ, January 4, 2022 /PRNewswire/ — RJ Brunelli & Co., LLC today announced that it has negotiated the December 2021 sale of the 373,612 square foot ITC Crossing South shopping center in this Morris County community at Black Lion Investment Group, the fast-growing commercial real estate company led by a 31-year-old real estate […]

Shopping center

The Laulani Village shopping center offers a wide range of restaurants

Honolulu (KHON2) – Located on Leeward Oahu, the Laulani Village mall in Ewa Beach brings the delicious cuisine of Hawaii to residents of Oahu’s west side. Surrounded by an array of retailers, grocery stores and restaurants, Laulani Village Shopping Center has become a one-stop lifestyle center located in Ewa Beach. “Jolene’s is a local family […]

Shopping center

Businesses at Southgate Shopping Center begin to reopen

Lake Charles, LA (KPLC) – Another step back to normal life after the storms: Businesses at Southgate Mall are beginning to reopen. Texas State Optical has been back in business for five days now, and Market Basket is under construction and working hard to reopen for business. Texas State Optical has spent the past year […]

Shopping center

Celebrate the Holidays at Keauhou Mall

November 28, 2021, 11:00 a.m. HST * Updated November 28 at 9:47 a.m. The Keauhou Mall is ready to shine this holiday. With a ton of activities at the Kona Mall, friends and families can celebrate the season in their own style, whether it’s decorating cookies or visiting Santa. “The holidays are an important time […]

Shopping center

SuperFresh Grocery Coming to Route 516 Mall

OLD BRIDGE — A SuperFresh store is coming to the Browntown Mall, township officials say. The more than 20,000 square foot supermarket is expected to open in about three to six months, said Steve Mamakas, general manager of the mayor’s office of economic development. “Every time a company like this comes in and invests in […]

Shopping center

9 people broke into Stoneridge Shopping Center before dawn

PLEASANTON, Calif. — Nine people are at large after breaking into the Stoneridge Mall before dawn on Monday, police said. They did not leave with any goods. Nine unidentifiable people were seen on CCTV cameras breaking into the entrance to the mall near the Men’s Warehouse store around 1:20 a.m. Monday, Pleasanton Police Department Sgt. […]

Shopping center

Amato sells Gateway Mall for $10 million to Musto & Daughter Real Estate

EDWARDSVILLE — Forty Fort dentist Charles Musto and his daughter Vanessa bought the Gateway Mall for $10 million from legendary drag racing champ Joe Amato. The transaction was finalized on October 27 and is between Joe Amato Properties (seller) and Musto & Daughter Real Estate. Vanessa Musto, 23, said the mall is currently 90% occupied […]

Shopping center

Euphorec opens in Dallas Mall

DALLAS – Humford Equities announced that Euphorec, a store offering certified cannabidiol (CBD) products and accessories, has opened in the Dallas Mall. Store owner Edward Geist says CBD is a derivative of the legalized hemp plant that has been used for thousands of years as a remedy for health and well-being, including as an anti-inflammatory […]

Shopping center

Kunia Mall offers a variety of family restaurants for shoppers

Honolulu (KHON2) – Kunia Mall supports local businesses by offering customers a wide range of family restaurants. With over 10 dining options to choose from at Kunia Mall, shoppers will be able to satisfy their hunger, from Filipino to Thai cuisine. “We have been at Kunia Mall since 2010 and the frequent customers dining there […]

Shopping center

The pandemic has allowed shopping center REITs to do better than ever

Investors looking for gains in commercial real estate have been left perplexed as the ongoing global pandemic upends the sector. As traditional retail, offices and apartments crumble, the humble strip mall, epicenter of community shopping, is proving its enduring value to neighbors and investors. Changing buying habits have changed investment strategies in the real estate […]

Shopping center

Name Brand Liquidations will open a third store in the Gateway Mall

EDWARDSVILLE — Name Brand Liquidations, in operation since 2005, will open its third store in mid-November — this one in the Gateway Shopping Center in space formerly occupied by P&R Discounts. Joe Foley, owner of the business with his wife, son and two others, said Thursday the store will employ 10 to 15 people at […]

Shopping center

Leading shopping center group expects holiday sales to increase 8.9%

International Council of Shopping Centers predicts consumers will spend freely, shop … [+] early and are doing much of their shopping in physical stores this holiday season. Getty The mall and shopping center industry’s leading organization is feeling fairly optimistic about the upcoming holiday season, despite supply chain headaches, and predicts sales in November and […]

Shopping center

A look at how Jefferson Village, San Antonio’s first mall, has changed over the past 70 years

Mary Morales first traveled to Jefferson Village in 1979 to apply for a stylist position at Vee’s Hair and Spa. Four decades later, she owns the salon and preserves what remains of the mall’s historic past. When Jefferson Village opened in 1948, the mall at the top of the block from Jefferson High School was […]

Shopping center

Roadworks near exit 17 of the Market Basket shopping center will be delayed

Published: 09/10/2021 18:18:12 People passing the grocery store under construction near I-93 Exit 17 won’t face road construction issues until next spring, even as work continues on the long-awaited development itself. Earlier plans called for work to start this fall on Route 4 King Street, where a large roundabout will be built to bring traffic […]

Shopping center

A 30-acre mall in Lansing could soon have a new life

Isn’t it great when new businesses and buildings are built and remodeled in Mid-Michigan? I have written about many old buildings here in the area that are being built and renovated, and some are being transformed into new apartments. For example, West Junior High in Lansing. I live in downtown Lansing and I look at […]

Shopping center

Houston Investor Takes Over Plano Mall Next to New HEB

A Houston real estate investor has snapped up the Plano Mall which sits right next to one of the first grocer HE-B stores in North Texas. Whitestone REIT has purchased Lakeside Market, a 163,000 square foot shopping center on Preston Road, south of Spring Creek Parkway. It is next to the HEB grocery store which […]