CBRE sells three SoCal centersCBRE Group, Inc. has sold three of its grocery-anchored shopping centers in California. Brookings: Retail is commercial real estate’s 2nd most valuable asset classThe most stable sector during the pandemic, retail rises above industrial and office with a value of $3.03 trillion according to a Brookings report. Lidl US signs lease with NYC affordable housing org for Lower East Side store Lidl US is expanding its presence in New York City via an agreement with a nonprofit organization dedicated to providing affordable housing. Expert Insights: Step up to new energy-efficiency standards Compliance with new Department of Energy (DOE) mandates for reduced energy consumption is critical for retailers. CBRE adds Cushman & Wakefield vets to team CBRE is expanding its team of brokers to serve the growing Arizona market. The Container Store receives NYSE delisting notice; sales fall 21% The Container Store ended its fiscal year on a downbeat note. Retailers and wholesalers are the top warehouse tenants CBRE sees them prioritizing supply chain resiliency by keeping inventory closer to points of sale. CBRE tapped to direct PGA Tour Superstore expansion The speciality retailer is looking to grow its footprint as golf gains popularity post-pandemic. Primestor Development taps industry veteran as COO Allison Lynch will join the real estate firm as it continues to add properties in and around Southern California. Two young men who are out to become the Aces of indoor pickleball Jay Diederich and Diego Pacheco have sold 100-plus franchises for Ace Pickleball Club. 1
