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  • WP Glimcher CEO named to NAREIT 2016 executive board

    Columbus, Ohio -- WP Glimcher announced CEO Michael P. Glimcher has been named to the National Association of Real Estate Investment Trust’s (NAREIT) 2016 executive board. Glimcher previously served as chair of NAREIT’s Audit/Investment committee.

  • The priciest retail corridor in the world — by a long shot

    When it comes to retail rents, Manhattan’s Fifth Avenue is really in a class by itself.

    Upper Fifth Avenue, between 49th and 60th streets, is the most expensive retail corridor in the world, with rents rising 3.6% to $3,500 per square foot through the first half of this year, according to an annual report from Cushman & Wakefield. (The top 10 streets are listed at end of article.)

    Fifth Avenue rent was nearly double that of the second priciest corridor, Causeway Bay in Hong Kong, at $2,399 per square foot.

  • Vestar promotes Jenny Cushing to VP of leasing

    Phoenix -- Vestar announced it has promoted Jenny Cushing to VP of leasing. Based in firm's Phoenix headquarters, Cushing is responsible for the leasing efforts of assets throughout California, Arizona & Nevada.

  • Retail Properties of America acquires center in the Washington, D.C./Baltimore corridor

    Towson, Md. -- Retail Properties of America announced it acquired Towson Square located in Towson, Maryland. The property was purchased for $39.7 million. Towson Square is a new development that opened in 2014 and is currently 96.6% occupied.

  • California grocery chain to acquire 6 Haggen stores

    Gelson's Markets has won final approval to buy six Haggen properties in Southern California.

  • Inland acquires 13 properties across nine states

    Oak Brook, Ill. -- Inland Real Estate Acquisitions, Inc. announced it facilitated the acquisition of 13 properties purchased in October by Inland related parties. The acquisitions total more than 1.65 million sq. ft. across nine states for a total purchase price of more than $432.2 million. The properties acquired include a student housing community, six shopping centers and single-tenant retail stores.

    The 13 properties consist of:

  • Schostak Brothers & Company hire acquisitions manager

    Livonia, Mich. -- Schostak Brothers & Company announced Steve Black will join its team as acquisitions manager. Black will source, analyze and acquire investment properties for the company’s portfolio, with a focus on growing its Supercenter Walmart shadow anchor footprint.

  • Report: Albertsons looking to buy stores from Haggen

    The Seattle Times is reporting that, according to court documents filed last week, Albertsons is currently bidding on 36 of 95 stores being sold by the now-bankrupt Haggen. Albertsons had previously sold 146 stores to Haggen as part of its acquisition of Safeway. [Seattle Times]

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