Ramco-Gershenson, DDR among REITs with Greatest Exposure to Office Depot,...
SNL Financial estimates that CommonWealth REIT and Equity One Inc. have the most exposure to Office Depot stores, with the retailer accounting for 1.7 percent and 1.4 percent of these REITs’ revenues...
View ArticleLos Angeles Retail Property Sells for $18.95M
The retail building was completed in 2007 and is currently fully occupied. Tenants include Ralphs Fresh Fare, Coffee Bean & Tea Leaf, Quiznos, Robeks, Simply Salad, Supercuts and The UPS Store.
View ArticleRegional Mall REITs Face Limited Growth Opportunities in 2013
There will be few opportunities for acquisitions or development of new properties, and redevelopment will continue to be the main avenue for growth in the regional mall space, according to analysts who...
View ArticleDevelopers Acquire Land for Outlets at Corpus Christi Bay
The 74-acre land tract in Robstown, Texas will become The Outlets at Corpus Christi Bay.
View ArticleBurton Property Group Buys Alabama’s Jubilee Square for $37M
Tenants at the center include Dick’s Sporting Goods, ULTA, TJ Maxx, SteinMart, Office Depot, The Fresh Market and Carmike Jubilee Square 12.
View ArticleWhat Would Be the Fallout of J.C. Penney Store Closings for the CMBS Market?
Morningstar researchers estimate that there are approximately 262 unpaid CMBS loans that are secured by properties where J.C. Penney is one of the three anchor tenants. The department store chain...
View ArticleNet Lease Assets in Demand, and Cap Rates Continue Falling
Investor interest in net leased retail assets remains high, in spite of falling cap rates, according to market reports from several different sources.
View ArticleRouse Refinances Lakeland Square Mall in $65M Deal
Previously, the asset carried a $50.3 million loan with an interest rate of 5.12 percent. Rouse received approximately $13.4 million in net proceeds from the transaction, after closing and defeasance...
View ArticleColliers International Appointed Leasing Agent for Five Centers in Central...
The centers carry a collective vacancy rate of 8.8 percent and are all anchored by supermarkets, including two Publix stores and three Winn-Dixie stores.
View ArticleInvestors Wary of Power Centers, Recommend Hold on All Retail Assets
RERC reports that in the fourth quarter of 2012, the investors it surveyed required average pre-tax yields of 7.3 percent to 9.5 percent for power center properties, while required yields for all...
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