Huntsville, Ala. — RCP Cos. has signed three restaurant concepts to join the tenant lineup at MidCity, a $350 million mixed-use development under construction in Huntsville.
Newport Beach, Calif. — SRS Real Estate Partners has welcomed two senior capital markets and investment sales professionals to its Newport Beach office.
Chicago — Starwood Retail Partners has hired retail and real estate construction executive Vincent Corno as senior vice president of development.
There was a time not too long ago when gyms and exercise studios were less than welcome at many of the nation’s premier retail destinations. My, how the times have changed. While parking, exclusive-use clauses and co-tenancy can still be tricky, the majority of shopping center owners have realized they need to work fitness in if they want to stand out. “Health awareness in our nation has increased and the gym, health and fitness club industry has benefited from recent marketing campaigns aimed at fighting obesity and improving health,” says …
Situated in the fastest-growing region of the United States, the Inland Empire’s Moreno Valley, California, is only an hour away from Los Angeles, Orange and San Diego counties and less than three hours from Nevada, Arizona and Mexico. At an annual growth rate of 5.04 percent, Moreno Valley’s population of 210,000 is booming. There are more than 2.3 million people living within a 20-mile trade radius, as well as a workforce that’s 1.1 million strong. This solid growth has propelled the city to become the second-largest population in Riverside County …
Today’s shopping center owners are looking to offer experiences to their customers — and they are looking for tenants that offer experiences that bring those customers back frequently. Boutique fitness concepts — with their devoted followers that often work out multiple times per week — are a great addition to a center. Founded in 2017, boutique fitness brand Xponential Fitness offers a curated selection of high-quality concepts that are attractive to all ages. These brands include Club Pilates, touted by the company as the nation’s largest and fastest growing Pilates franchise; …
Toronto — H&R Real Estate Investment Trust has entered into an agreement to sell nearly all of its U.S. retail holdings for US$633 million.
San Diego — NorthMarq Capital has arranged a $13.4 million loan for the acquisition of three Walgreens properties located in Texas and Ohio.
Gainesville, Fla. — Whole Foods Market has opened a 40,000-square-foot location at Butler Town Center, a 450,000-square-foot, planned mixed-use development in Gainesville.
Memphis, Tenn. — Cooper Commercial Investment Group has arranged the $3.8 million sale of The Shops at Cordova Station, an 18,950-square-foot retail center in Memphis.