Sandy, Utah — Hanley Investment Group Real Estate Advisors has arranged the sale of Canyon Center, a 47,866-square-foot, Smith’s Grocery-anchored shopping center in Sandy, located 18 miles south of Salt Lake City.
Retail investors have pumped the brakes in 2018 but are poised to accelerate into the end of the year. Interview by Randall Shearin As we enter the last quarter of 2018, the question is what will the remainder of the year look like for investment sales and what can we expect in 2019. Shopping Center Business sat down with Southern California-based Hanley Investment Group Executive Vice President Bill Asher and President Ed Hanley to discuss their take on five issues impacting retail real estate investors. SCB: Interest rates have increased, …
— By Greg Miller, Chief Executive Officer and President of Henry S. Miller Cos. — The retail market, both online and in physical stores, is evolving dramatically due in large part to Amazon’s continuing domination of online sales — i.e. the “Amazon effect.” However, there is no retail apocalypse, just ever increasing disruption. Consumer spending is the main driver of our economy. According to ITR Economics, U.S. retail sales for 2018 are expected to be over $6 Trillion, up 5 percent from last year. Overall retail sales rose 6.4 percent …
Bloomfield Hills, Mich. — Vision Growth Partners has entered into an agreement to acquire 65 salons in Michigan from Regis Corp. (NYSE: RGS).
Woodland, Calif. — Affiliates of El Tigre Holdings have acquired Woodland Crossroads, a shopping center located within the Sacramento Valley city of Woodland.
Richmond, Va. — Surge Trampoline and Panera Bread are set to open at Regency Mall in Richmond as part of the property’s ongoing redevelopment.
Westlake Village, Calif. — Sterling Organization has purchased North Ranch Gateway, a shopping center in Westlake Village.
Albuquerque, N.M. — Sapir Real Estate Development has broken ground on the first phase of Snow Heights Promenade, a retail and entertainment project in Albuquerque.
Woodridge, Ill. — North American Real Estate (NARE) has acquired Woodgrove Festival in Woodridge, located 29 miles west of Chicago, for $20 million.
Overland Park, Kan. — PEBB Enterprises has purchased Pinnacle Village, a 126,909-square-foot shopping center in Overland Park, for an undisclosed price.