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The District at Veridian

UrbanStreet Group to Develop Mixed-Use Project in Suburban Chicago

Schaumburg, Ill. — UrbanStreet Group has unveiled plans to develop The District at Veridian in Schaumburg, a northwest suburb of Chicago. The District is part of the larger 225-acre mixed-use campus known as Veridian. The District will comprise 30 acres

…

  • April 5, 2021

Marcus & Millichap Brokers $5.3 Million Sale of CVS-Occupied Property in Suburban Chicago

Woodridge, Ill. — Marcus & Millichap has brokered the $5.3 million sale of a 13,100-square-foot property occupied by CVS/pharmacy in Woodridge, a southwest suburb of Chicago. The net-leased building is located at 8645 Woodward Ave. Matt Emerick, Austin Weisenbeck and

…

  • April 2, 2021
Bradley Commons

Hanley Investment Group Arranges $4.4 Million Sale of Retail Pad Site in Bourbonnais, Illinois

Bourbonnais, Ill. — Hanley Investment Group Real Estate Advisors has arranged the $4.4 million sale of a 9,723-square-foot retail pad site at Bradley Commons, a Walmart-anchored shopping center located in Bourbonnais. Jeff Lefko and Bill Asher of Hanley Investment Group,

…

  • March 29, 2021

Marcus & Millichap Brokers $6.4 Million Sale of Two Retail Properties in Suburban Rockford

Machesney Park, Ill. — Marcus & Millichap has brokered the $6.4 million sale of Willow Creek II and IV in Machesney Park, a suburb of Rockford. The two retail buildings, totaling 23,202 square feet, are separate but located within the

…

  • March 19, 2021

Virtas Partners, Seaker Group Join to Help Retail Clients Struggling with Overhead Costs Due to COVID-19 Restrictions

Chicago — Virtas Partners has joined in an alliance with The Seaker Group to help retail clients struggling with excessive overhead costs amid continuing restrictions on retailers due to the COVID-19 pandemic. “We are bringing together The Seaker Group’s insightful

…

  • March 8, 2021

Boulder Group Brokers $3.9 Million Sale of Walgreens-Occupied Property in Skokie, Illinois

Skokie, Ill. — The Boulder Group has brokered the $3.9 million sale of a Walgreens-occupied property in Skokie. The single-tenant, net-leased building is located at 9150 Skokie Blvd and spans 11,837 square feet. The Walgreens lease expires in 2024. Randy

…

  • February 17, 2021

Aries Capital Arranges $3.4 Million Loan for Acquisition of Restaurant Building Occupied by Hampton Social in Chicago

Chicago — Aries Capital has arranged a $3.4 million loan for the acquisition of an 8,700-square-foot restaurant building located at 164 E. Grand Ave. in Chicago’s Streeterville neighborhood. The Hampton Social fully occupies the property. Neil Freeman and Brandon Perdeck

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  • January 15, 2021

Macy’s to Shutter 45 More Locations, Including Longtime Store at Chicago’s Water Tower Place

Chicago — Macy’s will close its longtime department store at Water Tower Place in Chicago, according to several media reports. The downtown mall is situated on the Magnificent Mile. Macy’s will begin a clearance sale this month at the 170,000-square-foot

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  • January 6, 2021

Dolan Associates Sells 115,380-Square-Foot Retail Center in Naperville, Illinois

Naperville, Ill. — Dolan Associates Ltd. has sold Naperville Plaza, a 115,380-square-foot retail center in Naperville. Northpond Acquisitions LLC acquired the property for an undisclosed price. At the time of sale, the asset was leased to Casey’s Foods, Trader Joe’s,

…

  • January 6, 2021

Sameday Testing to Open Five COVID-19 Testing Sites at Westfield Shopping Center Locations

Los Angeles — Sameday Testing will open five new COVID-19 testing facilities within Westfield shopping centers. The locations will be at Westfield Annapolis, Westfield Montogmery and Westfield Wheaton in Maryland; The Village at Westfield Topanga in Woodland Hills, California; and

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  • December 17, 2020

Marcus & Millichap Negotiates $11 Million Sale of Shopping Center in Schaumburg, Illinois

Schaumburg, Ill. — Marcus & Millichap has negotiated the sale of a 130,105-square-foot shopping center in Schaumburg for $11 million. The property is home to PGA Tour Superstore and XSport Fitness. It is located at 1317-1321 E. Golf Road. Sean

…

  • December 14, 2020

Comparable Sales for Ulta Beauty Drop 8.9 Percent in Third Quarter

Bolingbrook, Ill. — Ulta Beauty Inc. has reported that its comparable sales decreased 8.9 percent compared with an increase of 3.2 percent in the third quarter of fiscal 2019. Net sales decreased 7.8 percent to $1.6 billion, compared with $1.7

…

  • December 4, 2020
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Industry Content

Webinar: Will Southeast Retail Investment Activity Bounce Back in 2021?

Shopping Center Business and Southeast Real Estate Business hosted "Southeast Retail Investment Outlook — Will Retail Investment Activity Bounce Back in 2021?" A panel of retail experts covered topics like the lending atmosphere,…

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Webinar: Driving Retail Income Through Specialty Leasing & Ancillary Revenue

    On October 15 Ancillary Retail hosted a webinar titled “Driving Income Through Specialty Leasing and Ancillary Revenue.” Webinar panelists shared how important it is to quickly shift strategy, not just in relation…

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Webinar: Las Vegas Retail Outlook — How is the Las Vegas Retail Sector Responding to…

  Webinar: Las Vegas Retail Outlook — How is the Las Vegas Retail Sector responding to COVID-19?  hosted by Shopping Center Business and Western Real Estate Business, covers the approaches taken by an expert…

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Webinar: Michigan Retail Outlook: How is Michigan’s Retail Sector Responding to COVID-19?

  (Panelists, clockwise from top left) Adam Tiktin, Tiktin Real Estate Investment Services; Rod Castan, Courtelis Company; Lyle Stern, Koniver Stern Group; Philip Rosen, Becker (moderator); Duane Stiller, Woolbright Development. Shopping Center…

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Industry News

  • Federal Realty to Redevelop 144,000-Square-Foot Shopping Center in Falls Church, Virginia
  • Boulder Group Arranges $7 Million Sale of Grocery Property in Metro Green Bay
  • Black Gate Partners Acquires 24,691-Square-Foot Emerson Way Shopping Center in Indianapolis
  • Joint Venture to Add Mix of Uses to Potomac Marketplace in West Virginia
  • Selig Enterprises, Pension Fund Acquire 421,000-Square-Foot Lenox Marketplace in Atlanta’s Buckhead District

Coronavirus News

  • U.S. Division of L’Occitane Files for Chapter 11 Bankruptcy Protection, Plans Store Closures

  • Saucy Brew Works to Open Brewpub, Coffeehouse in Detroit’s Brush Park

  • AMC Theatres Raises $917 Million of Investment Capital, Says Bankruptcy is ‘Completely Off Table’

  • Indoor Dining Expected to Resume Feb. 1 in Michigan

  • Punch Bowl Social Files for Chapter 11 Bankruptcy

  • Sameday Testing to Open Five COVID-19 Testing Sites at Westfield Shopping Center Locations

Read More COVID-19 News

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