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

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

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

Katong Mall is now collecting signatures from

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 Singapore’s first air-conditioned mall when it opened in 1973. The mall contains 425 units and sits on nearly 87,000 square feet […]

Shopping center

Hanley Investment Group Completes Eighth Property Sale at Highland Village Shopping Center | Business

Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in the sale of commercial properties, recently announced that the company has arranged the sale of two multi-tenant retail properties at Highland Mall Village, a store anchored in Sprouts. Fontana center. The two buildings, which totaled 13,515 square feet, […]

Shopping center

Sprouts Farmer’s Market opens at Green Valley Ranch Mall

Development plans are progressing well at Evergreen Devco’s mall, anchored by a grocery store, on the northeast corner of 56th Avenue and Tower Road in Denver. Evergreen completed construction of a 23,300 square foot Sprouts Farmer’s Market last month and the much-needed store is now open. “We are very pleased to deliver this beautiful, much-needed […]

Shopping center

New Uses Wanted for Fading Mountain View Shopping Center – CBS San Francisco

MOUNTAIN VIEW (KPIX) – A top shopping mall in Mountain View may soon have a new tenant after an exodus of major retail stores left the property virtually vacant through the holiday season. Last year, Bed Bath & Beyond, Best Buy and REI all closed their stores at Charleston Plaza, located along Charleston Road and […]

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

A huge camp-themed beer garden is now open near The Rim shopping center

Mike Sutter, Personal editor December 28, 2021Updated: December 28, 2021 1:36 p.m. Camp 1604, an expansive beer garden and bar with 60 beers, a full bar, outdoor seating and games, is now open on the northwest side of San Antonio. Camp 1604 Camp 1604, an expansive beer garden and bar with 60 beers, a full […]

Shopping center

American Finance Trust set to acquire shopping center portfolio for $1.3 billion and sell office assets as part of rebranding

New York City — American Finance Trust Inc. (NASDAQ: AFIN) has entered into a definitive agreement to acquire a portfolio of 81 shopping centers from CIM Real Estate Finance Trust, a REIT managed by Los Angeles-based CIM Group. The transaction is valued at $1.32 billion. The 9.5 million square foot portfolio includes electrical retail shopping […]

Shopping list

Deals on popular gifts for everyone on your shopping list

BestReviews is reader supported and can earn an affiliate commission. Details. Buying early has its advantages. If you can do your gift shopping before the holidays arrive, you’ll be better prepared to relax and enjoy all those special family moments the season brings. Buying early also means you have the best chance of getting the […]

Shopping list

How to Check Off Your Entire Holiday Shopping List at Costco — and Save Big

©Shutterstock.com If you have a Costco membership, it makes sense to maximize your shopping trip while you’re there, especially when running a seasonal errand. After all, this warehouse shopping club has aisles and aisles of holiday-worthy produce — from gift wrap to prime rib. Plus, you’ll often find a better price per pound or per […]

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

Deltona mall sells for $4.2 million

PHOTOS COURTESY OF COLDWELL BANKER COMMERCIAL AS THE CROWED OVER — The Deltona Fountains Mall is an L-shaped plaza encompassing nearly 35,000 square feet of retail space. The resort was recently sold by its out-of-town owner to a South Florida company for $4.2 million. Deltona Fountains, a shopping complex located near the intersection of Deltona […]

Shopping center

A local developer hopes to build a new mall near the West Lake neighborhood

COLUMBIA COUNTY, Georgia (WJBF) – Right now it’s a barren site, but a developer hopes businesses will move into a Columbia County property soon. “The proposed plan is for over 110,000 square feet of retail space and I am reducing it to less than 50,000 square feet. So it halves what is already approved,” said […]

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 […]