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Walgreen Co. Buys Eight-Store Portfolio for $34.78 Million
Jun 12, 2008
Walgreen Co. has exercised its first right of refusal to buy back eight Walgreens properties in six states from a North Miami Beach investor. Marcus & Millichap Real Estate Investment Services arranged the $34.78 million sale....
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Protests in China Give Retailers Fits
Jun 1, 2008
In spite of the major Olympic-related protests outside French retailer Carrefour's hypermarkets this April, China retail experts say they don't expect...
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A Bifurcated Retail Property Sales Market Emerges
May 20, 2008
LAS VEGAS — The velocity of U.S. retail property sales across the industry plunged 40% in the first quarter of 2008 on a year-over-year basis, according to brokerage firm Marcus & Millichap, reflecting a major pricing gap between buyers and sellers....
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Survival of the Fittest
May 1, 2008
For years, economists warned that the annual rise in consumer spending wasn't a permanent condition, but those concerns largely fell on deaf ears. Retailers...
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New Beginning for Aging Malls
May 1, 2008
Facing intense competition from lifestyle centers and other emerging retail concepts, many of the nation's 1,500 enclosed malls are reinventing themselves...
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Baby Boom Nation
May 1, 2008
Retail is a living organism, continuously evolving to reflect changing consumer tastes and lifestyles. One decade wide ties are in, the next they're out....
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Low Cap Rate Boosts California Retail Property
Apr 24, 2008
A two-tenant, 66,070 sq. ft. Burbank, Calif., retail property has sold for $28.75 million. Faris Lee Investments, an Irvine, Calif.-based broker representing the seller, Univest Development Group of Scottsdale, Ariz., says that the property value is based on a low 5.58% cap rate compared with other Los Angeles-area, retail properties....
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Community Shopping Center Vacancy at 12-Year High
Apr 10, 2008
The national vacancy rate for neighborhood and community shopping centers increased by 20 basis points in the first quarter to 7.7% — the highest level since 1996, according to real estate research firm Reis. Mall vacancy increased 10 basis points in the first quarter to 5.9%. ...
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In a Dreary Climate, Discount Retailers Bear Good News
Mar 11, 2008
Amid the chorus of negative economic news from the past week – including a bleak jobs report and continued talk of recession – a few glimmers of hope shone through, particularly in some surprisingly strong retail sales reports. But as consumers redirect their shopping dollars to more value-oriented retailers, chain stores will continue to feel the pinch. ...
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Retail Centers Can Withstand Turbulence, Report Says
Mar 5, 2008
Despite continued economic pressures and flagging consumer confidence, neighborhood and community shopping centers are positioned to weather the storm. At least that’s the premise of a new report titled, “Where are they now?” by Torto Wheaton Research (TWR) economist Abigail Marks....
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Retail Buying Opportunities Ahead
Feb 28, 2008
The combined effect of the credit crunch and curtailed expansion plans by retailers will bring enticing retail property offerings to market in 2008, researchers predict. Lackluster asset sales in January, however, confirm that buyers remain rooted to the sidelines...
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Sun Life Buys Nevada Retail Property
Jan 24, 2008
The U.S. division of Sun Life Financial Inc. (NYSE: SLF, TSX: SLF) has purchased a 34,300 sq. ft. shopping center in Henderson, Nev. for more than $14.3 million...
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L.A. Investment Group Assumes Loan to Buy Mall
Jan 16, 2008
Rather than seek entirely new financing in a low liquidity environment, a group of California investors opted to take over an existing, $25 million conduit loan to purchase a retail shopping mall ...
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Retail Power Center Fetches More Than $100 Million
Jan 16, 2008
Real estate investment firm Pacific Coast Capital Partners LLC and Dallas real estate services provider Dunhill Partners Inc. have closed on the $100 million-plus acquisition of Fountains on the Lake...
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Merrill Says - REITs Better Than '07?
Jan 2, 2008
After a decidedly up and down 2007, executives with many of the nation's real estate investment trusts (REITs) may breathe a sigh of relief when 2008 draws to a close...
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Beverly Hills Project Sells Below 1% Cap Rate
Dec 26, 2007
Real estate investment firm New Pacific Realty Corp. has purchased a Beverly Hills, Calif. office and retail property for $10.35 million - more than $1,016 per sq. ft. ...
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Credit Crunch Claims Centro, But Other REITs Look Safe
Dec 19, 2007
The credit crunch has certainly slowed things down for the retail real estate industry as evidenced by a drop in deal flow and the scaling back of some announced developments. But this week the situation transformed...
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Mid-Atlantic Portfolio Fetches $540 Million
Dec 5, 2007
A large portfolio of retail and office properties located in North Carolina has fetched $540.8 million. Last week, a joint venture between CBL & Associates Properties (NYSE: CBL) and the Teachers' Retirement Syste...
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Retail Developers Rush to Meet Needs of Rising Population
Dec 4, 2007
NEW YORK - The retail real estate industry faces a major challenge - meeting the needs of the burgeoning U.S. population, which is expected to grow from about 301 million today to an estimated 420 million by 2050...
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Shopping Center Industry Fundamentally Sound
Dec 3, 2007
NEW YORK - Despite the subprime mortgage crisis and national fears about recession, the shopping center industry remains sound, and holiday sales are expected to increase by 2.5% over 2006 sales...
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Consumers Finally Take a Breather
Dec 1, 2007
For the last several years consumers defied economists' expectations and kept raising their level of spending despite rising energy prices. But predictions...
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