Development/Redevelopment

This year’s top third-party managers have logged tremendous increases over last year. Take a look.

Editor’s Note: The 25th annual survey of Fastest-Growing Managers surveys new domestic and international third-party management and leasing contracts obtained during the 2013 calendar year and ranks the top performers. As always, the measuring stick is square footage.

Columbus, Ohio — State Street Capital Realty, an independent brokerage of Casto, has announced its recent listing for the retail portion of The View on Fifth in the Grandview area of Columbus, Ohio.

Under development by JSDI Celmark, Ltd., The View on Fifth is a mixed-use six-story project that will include 25,000 sq. ft. of retail shops and restaurants, a freestanding six-story parking garage and 285 luxury apartment residences — with one-to-four bedrooms.

In general, the top acquirers of 2013 logged big gains over 2012

Editor’s Note: The 25th annual Chain Store Age survey of Fastest-Growing Acquirers surveyed retail square footage purchased during the 2013 calendar year.

Lenders are lending again, the equity markets are investing again, and buyers and sellers appear to be moving retail real estate faster than last year — which was a relatively good recovery year.

Northbrook, Ill. — Pine Tree Commercial Realty has named Erin Bremen VP of acquisitions and due diligence. Bremen will oversee underwriting and due diligence for new acquisitions.

New retail space in 2013 was once again heavy on redevelopment, expansion and outlet centers

Year five and, once again, too few square feet in ground-up shopping center construction to rank the “Fastest-Growing Developers” as has been the Chain Store Age tradition for the 20 years prior.

Today, developers seem fated to redevelop and expand existing centers, develop 300,000-sq.-ft. to 600,000-sq.-ft. outlet centers and perhaps add an occasional grocery-anchored infill center.

Ten years ago, demographic experts predicted a looming talent shortage: When the massive baby boom generation retired, the small Generation X would not have enough experienced leaders and managers to fill the positions that boomers would vacate.

Phoenix — Vestar has appointed Clint Marchuk VP of acquisitions. His responsibilities include identifying, evaluating and carrying out shopping center acquisitions in Arizona, Utah, Colorado, New Mexico and Texas.

Eleven centers opened last year, with 50 more on the drawing boards

The recession lit the fuse that has produced an explosion of outlet center development.