Westcer Partners L.L.C., an entity formed by Calabasas Hills, Calif. - based Westrust and New York - based Nomura Asset Capital Corp., has received $ 20 million to acquire and reposition College Square, a 172,000 sq. ft.
neighborhood shopping center in Cerritos, Calif..
Regency Centers sold Memorial Collection Shopping Center, a 103,000 - square -
foot neighborhood shopping center in Houston to Westwood Financial Corp. for an undisclosed amount.
* The company also arranged $ 67.2 million in first mortgage financing to Denver - based AmCap Inc. for 11
neighborhood shopping centers located in Colorado, Missouri, Kansas and Maryland.
This type of escape provision is known as a co-tenancy provision and is often found in power center and life - style centers, but is not uncommon to
neighborhood shopping centers as well.
Pan Pacific Retail Properties announced yesterday that it plans to purchase rival Center Trust, which would make it the largest West Coast
public neighborhood shopping center REIT.
The Simon bid for Taubman came two weeks after Pan Pacific announced plans to purchase Center Trust, a deal that will make Pan Pacific the largest West Coast public
neighborhood shopping center REIT.
«The sale underscores our commitment to refine our portfolio
of neighborhood shopping centers and to reallocate our capital over time to those investments which we believe will provide the greatest return,» says Stuart D. Halpert, chairman of First Washington.
Meanwhile, in June this year, German investor SEB Asset Management paid $ 200 million to acquire an 85 % stake in nine
neighborhood shopping centers owned by Kimco Realty Corp., a New Hyde Park, N.Y. - based retail real estate investment trust.
In addition to its «Best of,» the owner and developer of 150
neighborhood shopping centers along the East Coast received four Gold ADDYs in the following categories: 4 - Color Ad Campaign; Web site, Flash Video and Comprehensive Video incorporating the Web site, ads, flash video and printed materials.
Corporate Mergers Houston - based CenterAmerica Property Trust and a major corporate pension fund are planning a venture for the purpose of developing and
acquiring neighborhood shopping centers throughout the Southeast and Southwest...
Holliday Fenoglio Fowler, L.P. has announced the $ 10.72 million sale of Five Forks Shopping Center, a 70,177 - square - foot, fully leased,
BI-LO-anchored neighborhood shopping center in the Greenville - Spartanburg community of Simpsonville, South Carolina.
In particular, those companies that specialize in community and
neighborhood shopping center development have a full calendar and even with the national economy grinding to a halt, developers in the Southwest remain busy.
Investors certainly factor property occupancy levels into their pricing models — there is currently a $ 45 spread in price per square foot
between neighborhood shopping centers with occupancy of 90 percent or greater and those with occupancy below 90 percent, McCullough's research shows.
«There is some slowdown in new supermarket openings, and we think that's for the best,» says Hap Stein, CEO of Jacksonville, Fla. - based Regency Centers, a national developer and owner of 260 community and
neighborhood shopping centers valued at $ 3.2 billion and totaling 29.5 million sq. ft. «Supermarket chains today are being much more rational.
* The company arranged a $ 17.143 million construction / permanent loan to New York - based Palmer - Petersville LP for Palmer Center, a 75,000 sq.
ft. neighborhood shopping center in New Rochelle, N.Y..
«As far as a lot of foreign money beating down the doors looking
for neighborhood shopping centers to buy - I can't say we are seeing a lot of activity,» Shulman notes.
Wood finds leasing to be flat, with existing retailers such as Walgreen's, Wal - Mart and Fred Meyer, providing the only «bread - and - butter» activity
at neighborhood shopping centers.
Retail assets that fit in the following categories: grocery - anchored communities,
neighborhood shopping centers, power centers, lifestyle centers, mixed - use projects with a strong retail component, Town Centers
The property includes Parmatown Plaza, an enclosed regional mall; Parmatown Strip Center,
a neighborhood shopping center anchored by Marc's Grocery Store, and Parmatown Medical Center, a four - story medical office building.
- ft.
neighborhood shopping center in Long Beach, Calif., from The Weingart Foundation for $ 42.2 million.
Carroll hopes, however, that the portfolio's current positioning, with a concentration that includes 64 percent in community shopping centers and 36 percent in
neighborhood shopping centers, will help Centro avoid the worst of the current recession.
«We only acquire investment - grade, grocery - anchored
neighborhood shopping centers - dominant centers anchored by the dominant grocery chain in a given market,» explains Ballew.
Most of the development underway is in
neighborhood shopping centers, anchored by convenience and grocery stores, according to Lizan.
Brixmor is second largest owner of community and
neighborhood shopping centers in the United States with 585 properties aggregating approximately 92.0 million square feet and as Centro ranked No. 5 overall in Retail Traffic's annual rankings of the top owners of retail real estate in the United States.
Virtually everyone agrees we've hit a sweet spot when it comes to investment in U.S. commercial real estate assets, but you may be wondering specifically what type of real estate to invest in, as
a neighborhood shopping center may offer very...
In a deal rumored for months, New Plan Excel will sell 69 community and
neighborhood shopping centers to Galileo America LLC for $ 968 million — including $ 928 million in cash and $ 40 million in equity.
New Plan Excel Realty Trust and JPMorgan Fleming Asset Management announced plans to form a joint venture to buy community and
neighborhood shopping centers throughout the United States during the next two years.
- ft.
neighborhood shopping center in Glendale, Ariz., from EC Cactus Crossings LLC for $ 7.8 million.
The 130,475 - square - foot
neighborhood shopping center is 89 percent leased, featuring tenants such as TJ Maxx, Michaels, Shoe Carnival and Blockbuster, among others.
- ft.
neighborhood shopping center in Scottsdale, Ariz., from Hart Realty Advisers for $ 38 million...
- ft.
neighborhood shopping center in Panama City, Fla., to a private investor.