New York City — News headlines such as “Retail Is Dead” have painted a picture of desolation and destruction for the current state of retail real estate in the United States. However, while e-commerce “is the most discussed, it’s also the most misunderstood,” according to Melina Cordero, global head of retail research for CBRE.
San Antonio — Los Angeles-based RPD Catalyst LLC has sold Pavilions North Shopping Center, a 165,993-square-foot retail property located in San Antonio.
Malden, Mass.— Encore Real Estate Investment Services has arranged the $5.3 million sale of a net-leased Walgreens Pharmacy in Malden.
San Francisco — Hudson Pacific Properties Inc. (NYSE: HPP) and Allianz Real Estate have formed a joint venture to acquire the Ferry Building in downtown San Francisco.
Enfield, Conn. — Katz Properties has acquired Freshwater-Stateline Plaza, a 300,588-square-foot shopping center located 20 miles north of Hartford in Enfield.
Zephyr Cove, Nev.— Dickson Commercial Group (DCG) has arranged the sale of Round Hill Square Shopping Center, a retail property located in Zephyr Cove near Lake Tahoe.
Colorado Springs, Colo. — Confluent Development is nearing completion on an 8,265-square-foot, multi-tenant retail center located in Colorado Springs.
Boca Raton, Fla. — A trio of developers — Giles Capital Group, Rosemurgy Properties, Schmier Property Group — in partnership with Wheelock Street Capital have broken ground on Uptown Boca, a $200 million mixed-use project in South Florida.
Warminster, Pa. — HFF has arranged the sale of Warminster Plaza, a 128,544-square-foot shopping center located 27 miles outside Philadelphia in Warminster.
Houston — Mattress Firm has filed for Chapter 11 bankruptcy protection as part of the Houston-based retailer’s plan to restructure its balance sheet and ultimately close up to 700 stores across the country.
