The Hutensky Group, Hartford, Conn., has sold School Street Square, a 147,554 sq. ft.
community shopping center in East Hartford, Conn., to an affiliate of Woodgreen Management Inc., West Haven, Conn..
Shortly after the deal, Cedar announced a partnership with Tristate Ventures LP, a wholly owned subsidiary of Pennsylvania - based Fameco Real Estate LP, to build a 700,000 - square -
foot community shopping center in Pottsgrove, Pa..
Maybe that explains why so many financiers of grocery -
anchored community shopping centers are keeping busy doing construction loans and grocery properties top the shopping list...
The Beachwood, Ohio - based developer
of community shopping centers presented a $ 500 check in the name of each of the 20 grand - prize winners to the charity of his or her choice.
New York City - based data provider Reis Inc. measured a 50 basis point increase in vacancy rates at neighborhood and
community shopping centers during the second quarter.
At community shopping centers — mostly grocery - anchored strips that have been regarded as nearly recession proof — same - store sales fell 2.2 % in February and dropped again in March by 0.8 %, according to Merrill Lynch.
Corporate Mergers Shopping center REITs Kranzco Realty Trust of Conshohocken, Pa., and CV Reit of West Palm Beach, Fla., recently signed a merger agreement and reorganization plan that will combine 84
community shopping centers valued at $ 800...
Manhattan Beach, Calif. — Locally based Center Trust Inc. completed the sale of two
community shopping centers for a total sale price of $ 29.1 million.
To counter changes in the video rental industry, Jacksonville, Fla. - based Regency Centers, a real estate investment trust (REIT) that owns about 59 million sq. ft. of grocery - anchored and
community shopping centers across the U.S., began phasing out such tenants in 2005.
FLORHAM PARK, NJ — HFF announced today that it has secured $ 5.8 million in financing for Franklin Square Shopping Center, a 51,911 - square - foot
community shopping center on the border of Bloomfield and Belleville, New Jersey.
The Tarrytown, N.Y. - based developer and acquirer of neighborhood and
community shopping centers owns and manages some 16.5 million sq. ft., mainly in the eastern half of the U.S.
At the end of the second quarter, vacancy rates at neighborhood and
community shopping centers hit their highest level in nearly four years, according to Reis Inc..
Under its new business plan, Federal will move away from all ground - up development, including street retail, and focus on growing the income - producing properties in its portfolio, which includes
traditional community shopping centers.
The only time these figures provided by the Commerce Department have been worse, according to Calanog, was in April 2002 when neighborhood and
community shopping center retail sales slumped to a negative 1.7 %.
They could work for a major shopping center REIT like Simon Property Group (NYSE: SPG) or General Growth Properties (NYSE: GGP) or Macerich (NYSE: MAC) or PREIT, or they might work with retail on a more local,
community shopping center level.
Currently, Equity One, which traditionally develops and
manages community shopping centers, is in a joint venture with Amprop Development Corp. to develop the 155 - acre mixed - use Sunlake Development near Tampa.
«There seems to be a lot of capital flowing into retail real estate, which is a good trend because more capital means better transactions,» says Tom MacManus, president of GMAC Commercial Mortgage's North American operations in Horsham, Pa. «Well -
anchored community shopping center are getting the most favored treatment today.
Corporate Mergers Shopping center REITs Kranzco Realty Trust of Conshohocken, Pa., and CV Reit of West Palm Beach, Fla., recently signed a merger agreement and reorganization plan that will combine 84
community shopping centers valued at $ 800 million.
Reis Inc., a New York City - based research firm, reports that during the fourth quarter the vacancy rate for neighborhood and
community shopping centers averaged 10.7 percent — a 30 basis points decrease from the fourth quarter of 2011.
On Jan. 8, the firm entered into a previously planned agreement with an investor advised by Heitman LLC to acquire up to $ 450 million
of community shopping centers in Midwestern and Mid-Atlantic United States.