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Lincoln Harris Plans $50 Million Renovation, Expansion of Phillips Place in Charlotte, North Carolina

Charlotte, N.C. — Lincoln Harris will invest $50 million over the next five years to renovate and expand Phillips Place in Charlotte, North Carolina’s SouthPark district, according to the Charlotte Business Journal.

…

  • March 15, 2019
  • Published in News

Sleiman Enterprises Signs Cinemark to Open 14-Screen Theater in Jacksonville, Florida

Jacksonville, Fla. — Cinemark Holdings Inc. will open a 14-screen theater in summer 2020 as part of Phase II of Sleiman Enterprises’ Atlantic North shopping center.

…

  • March 15, 2019
  • Published in News

St. Louis University Taps Cullinan Properties to Develop 14-Acre Site in St. Louis

St. Louis — St. Louis University (SLU) has chosen Cullinan Properties to develop a 14-acre site at the corner of Grand Boulevard and Chouteau Avenue in midtown St. Louis.

…

  • March 13, 2019
  • Published in News

Life Time Athletic Opens 173,000-Square-Foot Gym Near Alexandria

Gainesville, Va. — Life Time Athletic has opened a 173,000-square-foot gym in Gainesville, Virginia, 40 miles west of Alexandria.

…

  • March 13, 2019
  • Published in Development, News

MARCEL to Develop 76,000-Square-Foot Retail, Office Project in Fulshear, Texas

Fulshear, Texas — MARCEL, a privately owned real estate firm based in The Woodlands, will develop Cross Creek Town Center, a 76,000-square-foot retail and office project in Fulshear, Texas, 35 miles west of Houston.

…

  • March 13, 2019
  • Published in Development, News, Texas

City Council Approves Retail Redevelopment of Historic Building in Downtown Orlando

Orlando, Fla. — Orlando, Florida’s City Council has approved the retail redevelopment and repositioning of One South Orange Building, which was built in the early 1900s.

…

  • March 13, 2019
  • Published in Development, News

Athletico Physical Therapy to Open in Suburban Detroit

Westland, Mich. — Athletico Physical Therapy has signed a 3,964-square-foot lease to open a location in Westland, a western suburb of Detroit.

…

  • March 13, 2019
  • Published in Development, News

Sanctuary, Varden to Co-Develop $280 Million Mixed-Use Project in Metro Atlanta

Kennesaw, Ga. — Sanctuary Cos. and Varden Properties will co-develop Eastpark Village, a $280 million mixed-use project that will comprise 850 residential units and about 300,000 square feet of office, retail and commercial space and a village green.

…

  • March 12, 2019
  • Published in Development, News

H&M to Open First Detroit Location in Downtown Woodward Shopping District

Detroit — H&M has unveiled plans to open its first Detroit location this fall.

…

  • March 12, 2019
  • Published in Development, News

JWA Ventures to Develop Publix-Anchored Shopping Center in Macon, Georgia

Macon, Ga. — JWA Ventures, a division of Jim Wilson & Associates, has announced plans to develop a 15-acre, Publix-anchored shopping center in Macon, Georgia.

…

  • March 12, 2019
  • Published in Development, Georgia, News
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NRF: Holiday Retail Sales Rose 5.3 Percent to $936.3 Billion in 2022

 Washington, D.C. — The National Retail Federation (NRF) has reported that retail sales during 2022’s November-December holiday season rose 5.3 percent year-over-year, reaching $936.3 billion. Though the number fell short…

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Key Variable Moving Forward in Today’s Market? Motivation from Both Sides

Motivation is one of the prime drivers in any market cycle. Some markets are affected by interest rates and others by inflation. One way or another, however, a retail investment…

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Today’s Pricing Strategy is a Mix of Art, Science

There will always be a tug-of-war between retail buyers and sellers — or, really, buyers and sellers of any kind. Both parties want to achieve the best price, but that…

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City of Murrieta: Experiential Leads Retail Expansion in Evolving California City

The City of Murrieta, located in Southern California, has seen explosive growth, leading to expanding retail potential — especially in the experiential arena. The city's retail successes have been based on its…

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Cullinan Properties: Mixed-Use Properties Use Retail to Drive Value

Real estate is densifying across the country, and retail has become an important amenity as people seek to live, work and play all together in mixed-use locations. The pandemic sped up…

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Faris Lee: Abundant Capital, Sales Volume Rise as Investors Pursue Retail

Investment volume, capital and competition in the retail sector have been at unprecedented levels lately, leading to lower cap rates as well as more flexibility than investments in multifamily and…

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The Necessity Retail REIT: Growing a Recession-Resilient, Necessity Retail Portfolio

What does it take to build a $5.2 billion recession-resilient, necessity retail property portfolio? Reporter Nellie Day of Retail Insight explored this topic and more with Jason Slear, Executive Vice…

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NewMark Merrill: Prop Tech Solutions to Retail Challenges

Shopping center developers, owners and managers are using property technology (prop tech) to make sense of a wealth of new, retail-generated data to create an ongoing, positive experience for customers. Sandy Sigal,…

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Industry News

  • The Jaffe Cos. Receives $40 Million Refinancing for Edens Collection in Chicago
  • First Washington Realty Sells Whole Foods Market-Anchored Retail Center in Southern Arizona for $31.1 Million
  • Atlantic Capital Partners Arranges Sale of 107,597-Square-Foot Shopping Center Near Providence
  • DalMoros Fresh Pasta to Open Two South Florida Locations Totaling 1,836 Square Feet
  • SRS Opens Pacific Northwest Office in Metro Portland

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