In this fifth and final article of a five-party series, experts share their retail sector outlook—and ICSC commentary—with Connect CRE. The other articles, “Investors, Stores and Restaurants: An Increasing Mix,” “Understanding the Retail Sector: Where We’ve Been and Where We…
CBRE has secured $38.5 million in construction financing for the development of Village Green, a new 90,525-square-foot shopping center in Nolensville, Tennessee. Richard Henry, Mike Ryan, Brian Linnihan, and Taylor Crowder with CBRE Capital Markets’ Debt & Structured Finance represented…
Land development company Taylor Builders LLC has chosen Sacramento-based Capital Rivers Commercial to lead the retail side of its projects. Capital Rivers Commercial, led by CEO Greg Aguirre, said it will handle the marketing and development of retail centers in various projects, including those…
Fitch Ratings said its overall U.S. CMBS delinquency rate increased nine basis points to 2.42% in May from 2.33% in April 2024 due to maturity defaults of several large regional mall and office loans. Led by the $255-million maturity default of a loan…
BWE secured a total of $66.5 million in value-add financing on behalf of Wood Investment Companies for Plaza de Perris, a regional center that will total 363,582 square feet in Perris. EVP Tom Kenny and SVP Josh Boehling, both in BWE’s…
SITE Centers has spun off the Johns Creek Town Center, a 303,297-square-foot retail center in Suwanee. Big V Property Group and Equity Street Capital purchased the property. Johns Creek Town Center is Big V’s fifth acquisition in Georgia. The North…
The Bulfinch Companies, Inc. has hired Newmark for retail leasing at 95 Mount Auburn Street in Cambridge, MA. The Newmark team includes Matt Curtin, Greg Covey, and Alden Bush, working with Bulfinch’s managing director of Leasing Mike Wilcox. Located in…
Cary’s MacGregor Village shopping center has been acquired by the investor trio of Blue Ridge Capital Fund, AB&B Commercial Real Estate and Triland Commercial. The group paid $30 million for the 138,000-square-foot retail center at 107 Edinburgh South Drive. Washington…
Office and retail CMBS loan defaults drove the overall default rate higher in 2023, Fitch Ratings said Tuesday. The total annual and cumulative U.S. CMBS loan default rates for 2023 increased to 0.9% and 18.5%, respectively, from 0.3% and 17.9%…
Optima, Inc., an integrated real estate firm, announced Reform Studios will open at Optima Signature, a 57-story luxury apartment tower comprising 490 apartments and 58,000 square feet of commercial space in Chicago’s Streeterville neighborhood. Reform Studios joins Optima Signature’s roster…
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