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Marcus & Millichap Arranges $12.8 Million Sale of Shopping Center in New Jersey

Franklin Park, N.J. — Marcus & Millichap has arranged the sale of Somerset Plaza Shopping Center, a retail property located in Franklin Park.

…

  • April 27, 2018
  • Published in Investment sales, New Jersey, News

Marcus & Millichap Arranges $5.9 Million Sale of Wawa-Leased Retail Property in New Jersey

Maplewood, N.J. — Marcus & Millichap has arranged the $5.8 million sale of a 5,600-square-foot property net-leased to Wawa in Maplewood.

…

  • April 24, 2018
  • Published in Investment sales, New Jersey, News

Marcus & Millichap Arranges $12.3 Million Sale of Shopping Center in New York

Glenmont, N.Y. — Marcus & Millichap has arranged the $12.3 million sale of Bethlehem Town Center II, a 73,613-square-foot shopping center in Glenmont.

…

  • March 23, 2018
  • Published in Investment sales, New York, News

Marcus & Millichap Arranges $3.5 Million Sale of CVS/Pharmacy-Leased Building in Metro Atlanta

Marietta, Ga. — Marcus & Millichap has brokered the $3.5 million sale of an 11,370-square-foot property leased to CVS/pharmacy in Marietta.

…

  • March 21, 2018
  • Published in Georgia, Investment sales, News

Scott Holmes to Lead Marcus & Millichap’s National Retail Division

Calabasas, Calif. — Marcus & Millichap has hired Scott Holmes as senior vice president and national director of its retail division.

…

  • January 26, 2018
  • Published in California, News

Marcus & Millichap Arranges $11.8 Million Sale of New Retail Property in Tampa, Florida

Tampa, Fla. — Marcus & Millichap has arranged the $11.8 million sale of Shoppes of South Dale, a newly constructed, 34,100-square-foot retail property in Tampa.

…

  • January 9, 2018
  • Published in Florida, Investment sales, News

Marcus & Millichap Arranges $4.5 Million Sale of Retail Property in Illinois

New Lenox, Ill. — Marcus & Millichap has arranged the sale of Calistoga Plaza in New Lenox, a city 40 miles southwest of Chicago, for $4.5 million.

…

  • January 2, 2018
  • Published in Illinois, Investment sales, News

Marcus & Millichap Arranges $13 Million Sale of Grocery-Anchored Center in Metro Chicago

Des Plaines, Ill. — Marcus & Millichap has arranged the $13 million sale of Metropolitan Square, a 120,983-square-foot mixed-use center in Des Plaines, 25 miles northwest of Chicago. 

…

  • November 13, 2017
  • Published in Illinois, Investment sales, News

Marcus & Millichap Arranges $7.2 Million Sale of Rite Aid-Leased Property in Southern California

Lancaster, Calif. — Marcus & Millichap has arranged the $7.2 million sale of a 15,482-square-foot retail net-leased to Rite Aid in Lancaster, California.

…

  • October 31, 2017
  • Published in Investment sales, News

Marcus & Millichap Arranges $4.7 Million Sale of Shoppers Food & Pharmacy Location in Metro Baltimore

Windsor Mill, Md. — Marcus & Millichap has arranged the $4.7 million sale of a 94,851-square-foot retail property net-leased to Shoppers Food & Pharmacy in Windsor Mill, about 13 miles west of Baltimore.

…

  • September 14, 2017
  • Published in Investment sales, Maryland, 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

  • Newmark Brokers Sales of Two Retail Properties in Washington Totaling 124,660 Square Feet
  • Red Mountain Group Purchases Portfolio of Former Big Lots Stores for $47.5 Million
  • Marcus & Millichap Arranges Sale of 40,448-Square-Foot Retail Center in Eastern Tennessee
  • SVN | J. Beard Arranges Sale of 3,600-Square-Foot Retail Property in Metro Houston
  • Pier 57 Unveils 15-Vendor Lineup for Market 57 Food Hall in New York City

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