The U.S. economy added 156,000 jobs in August, falling short of expectations but not enough to sound alarm bells. In advance of the report released Sept. 1 by the Bureau of Labor Statistics (BLS), the forecast from economists surveyed by The Wall Street Journal called for an increase of 179,000 jobs.
Allen Park, Mich. — Mid-America Real Estate Corp. has arranged the sale of Fairlane Green, a 95,490-square-foot shopping center located in the Detroit suburb of Allen Park.
Scranton, Pa. — PREIT has announced the opening of HomeGoods, Dick’s Sporting Goods and Field & Stream in a space formerly occupied by Sears at Viewmont Mall in Scranton.
Altoona, Pa. — PREIT has sold Logan Valley Mall, a regional mall located in Altoona, Pennsylvania, for $33.2 million.
Newport Beach, Calif. — A joint venture between The Picerne Group and Shopoff Realty Investments has broken ground on Phase I of Uptown Newport, a 25-acre mixed-use development located in Newport Beach.
Dunwoody, Ga. — Marcus & Millichap has arranged the $8.6 million sale of a three-tenant retail property located near Perimeter Mall in the Atlanta suburb of Dunwoody.
San Jacinto and Corona, Calif. — Progressive Real Estate Partners has arranged the $4.9 million sale of Dollar General Town Center, a 27,112-square-foot retail center located in the Inland Empire community of San Jacinto.
Sugar Land, Texas — EDGE Realty Capital Markets has brokered the sale of Greenway Shopping Center, a 7,750-square-foot retail property located at 13400-13414 Greenway Drive in Sugar Land.
By Chris Karl, design specialist for Ambius With e-commerce continuing to eat away at brick-and-mortar retailers’ business, stores need to find new ways to create meaningful experiences shoppers can’t get online. Retailers that are slow to adapt to this trend are finding the current environment difficult to survive — no matter how established their brand or large their footprint. Many are discovering the value of experiential marketing with a growing number of retailers — including Abercrombie & Fitch and Pandora — incorporating custom scents into their in-store experience. Research backs up …
Santa Clarita, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $15.5 million sale of Seco Canyon Village, a 42,134-square-foot shopping center located in Santa Clarita, 35 miles northwest of downtown Los Angeles.
