As part of its new strategic move toward helping clients thrive in an omnichannel world, CBRE has acquired a sizeable interest in Streetsense, an experience-focused design collective that strives to create places “people love to be.”
DLC has sold the Town Centre in Murfreesboro, Tenn. to St. Louis-based Integris Ventures, according to JLL, which brokered the deal on behalf of the seller.
Slate Retail, a Canada-based REIT, has acquired Good Homes Plaza in Ocoee, Fla., the second Publix-anchored center to change hands this week in the Orlando metro.
Next door to supermarkets is place for retailers to be, think board members of the Phillips Edison Grocery Center REIT I, and they trust investors will agree.
An activist hedge fund has purchased a 5% stake in Macerich, according to a CNBC report, sending the company’s shares up 12% and fueling talk it could push for a sale of the mall owner.
A 44,095-sq.-ft. center serving the Disney-planned community of Celebration, Florida, has been acquired by Ben Hur Investments of New York for $29.5 million.
PREIT, which has long been pursuing a strategy of unloading underperforming malls from its portfolio, announced it has sold the Logan Valley Mall for $33.2 million net of credits issued to the buyer. The new owner’s identity was not released.
In what it claims to be the biggest-dollar real estate transaction in the state of Virginia this year, Morgan Properties bought the Mark Center in Alexandria for $509 million.
News and analysis on buying and selling real estate for new retail centers.