Wrecking balls this week began taking down a section of a retail center Miami’s famed Coconut Grove district to make way for a new mixed-use development.
It’s said that retail follows rooftops, so expansion-minded retailers might want to set their sights on Hawaii, Wisconsin, Kansas, and Washington, according to a report from Experian.
Less than a week after being named chairman of the International Council of Shopping Centers, Valerie Richardson has been appointed to the board of directors of Kimco Realty Corp.
Madison Marquette, whose trendsetting projects range from the new District Wharf in the nation’s capital to Pacific Place in Seattle, plans to merge with PMRG to create a company with more than $7 billion in assets.
Investment in retail assets plummeted by 46% in the first half of 2018, but JLL predicts a second-half comeback that should end up surpassing last year’s investment increases.
The merger of hospitality and retail proceeds apace as Marriott International and Simon Property Group announced an expansion of their business relationship.
Development of new retail space in the Chicagoland area this year will be less than a million square feet for the first time in more than three decades, according to a report from Mid-America Real Estate Corporation.
