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Real Estate

  • Boston beckons

    Marcus & Millichap’s Q2 Boston market report signals urgency to retailers like the famed lamps Paul Revere placed in the tower of the Old North Church. To wit:

  • Project Profiles: Mixed-use retail

    Streets of St. Charles (bottom right)

  • Refinanced Boulder center opens with 90% occupancy

    NewMark Merrill Mountain States this week issued a double-barreled press release: It closed on a $62 million refinancing of the Village at the Peaks and opened the Boulder-area center at close to 90% capacity.   The $100 million, 442,000-sq.-ft. had been under development for five years in a public/private partnership between NewMark Merrill and the city of Longmont. New financing was provided by Allianz Real Estate of America.  

  • Developers: New centers warrant new co-tenancy clauses

    With department stores being replaced by gyms and office space, retail tenants who signed on for the traffic generated by traditional anchors are of the opinion that the co-tenancy clauses in their leases need restructuring. At a forum staged by Jones Lang LaSalle at its New York office yesterday, two noted mall developers agreed.  

  • Art Van rounds out Illinois Power Center

    Art Van Furniture will take over a 34,000-sq.-ft. space vacated by H.H. Gregg at Gurnee Town Center in Illinois, according to owner Retail Properties of America, Inc. The electronics chain filed for Chapter 11 bankruptcy protection earlier this year.   Art Van will bring the center to 98% occupied, according to RPAI, joining DSW, Old Navy, Starbucks, Ross Dress for Less, Five Below, and Bath & Body Works at the center west of Waukegan.  

  • Online giant bulks up its fulfillment network in Ohio

    Amazon is building another fulfillment center in the Buckeye State.   The online giant will open a new 650,000-sq.-ft. warehouse in Euclid, Ohio — its fifth in the state. The company recently announced upcoming fulfillment centers in the cities of Monroe and North Randall, and it currently operates warehouses in Etna and Obetz.  

  • Foo Fighters to headline opening of The Wharf in D.C.

    Washington, D.C.’s biggest new development, as well as its first waterfront development in decades, will open in grand fashion on Oct, 12 with an appearance by the Foo Fighters.   

  • Baton Rouge center recruits bloggers in re-brand

    “Our belief is that retail and mixed-use places need to evolve or risk irrelevance,” said Trademark Property Co. CEO Terry Montesi, who’s putting that belief to the test at a mixed-use center in Baton Rouge, Louisiana.  
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