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InvenTrust Acquires Grocery-Anchored Center in South Florida for $88 Million

Palm Beach Gardens, Fla. — InvenTrust Properties Corp. has acquired PGA Plaza, a 120,000-square-foot shopping center in Palm Beach Gardens, for $88 million.

…

  • May 18, 2018
  • Published in Florida, Investment sales, News

HFF Arranges $25 Million Sale of Fitness-Anchored Center in South Florida

Palm Beach Gardens, Fla. — HFF has arranged the $25 million sale of LA Fitness Plaza, a 105,453-square-foot fitness-anchored shopping center in the South Florida community of Palm Beach Gardens.

…

  • October 16, 2017
  • Published in Florida, Investment sales, News

TH Real Estate Purchases Publix-Anchored Shopping Center in South Florida for $49.3 Million

 Palm Beach Gardens, Fla. — TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA), has acquired the Promenade Shopping Plaza, a 202,696-square-foot, grocery-anchored retail center in Palm Beach Gardens.

…

  • April 25, 2017
  • Published in Florida, Investment sales, News

CIT Group Provides $41 Million in Refinancing for Shopping Center in Florida

Palm Beach Gardens, Fla. — CIT Group Inc.’s subsidiary CIT Real Estate Finance has provided a $41 million secured credit facility to refinance PGA Plaza Shopping Center in Palm Beach Gardens.

…

  • May 18, 2015
  • Published in Finance, Florida, News

Verizon Wireless Outparcel Opens at PGA Plaza Shopping Center

Palm Beach Gardens, Fla. – PGA Plaza is currently undergoing $15 million dollars in renovations.

…

  • June 12, 2014
  • Published in Florida, 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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