Real Estate

Forget South Beach. Brickell City Centre is shaping up as the place to be and be seen in the Miami area with 11 more retail tenants added ahead of a planned November opening.
 
Eleven new tenants have joined the 500,000-sq.-ft. Brickell City Centre retail development scheduled to open this November in an area of Miami developers of the project describe as underserved.
 

Hotels have become a vital component of successful mixed use retail properties, something Robert Habeeb knows a lot about given his role as president and CEO of First Hospitality Group.
 

Photo: Andrea Olshan, CEO of Olshan Properties

Each year, Chain Store Age compiles a ranking of the fastest growing property managers based on the square footage added. See who topped this year’s list.
 
The 27th annual survey of Fastest-Growing Managers tallies new domestic and international third-party management and leasing contracts obtained during the 2015 calendar year and ranks the top performers. As always, the measuring stick is square footage. This year’s fastest-growing third-party managers are taking many roads to growth, from acquisition to a multidisciplinary focus.

Members of the International Council of Shopping Centers (ICSC) elected Elizabeth Holland as chairman, marking only the fourth time in the past 59 years a woman has chaired the organization.

Holland brings a unique skill set to the role given ICSC’s top legislative priority and the upcoming presidential election. The period following the inauguration of a new president is always a critical time in Washington, heralding what is traditionally the most active time in the legislative cycle, according to ICSC.

Photo: Sam Edelman’s newest store at NorthPark Center opened May 20

The retail real estate market will overcome a slow start to the year and finish 2016 in fine fashion, according to JLL’s U.S. Investment Outlook report.
 

Doing deals with real estate development and services firm CASTO just got easier thanks to the roll out of a new Web-based software platform called LeasePilot.

LeasePilot was developed by Gadfly Legal Technologies to streamline the lease documentation process and helps owners manage valuable lease information. CASTO is currently using LeasePilot to create the first drafts of leases.