DEALS

Over 20% of Americans got COVID-19 in the past year, but close to 100% of retail chains and mall and center owners were victimized by its effects.

Kohan Retail Investment Group has acquired McKinley Mall in Hamburg, N.Y., for a sale price of $8.5 million.

Delight Restaurant Group is expanding its footprint.

San Antonio’s The Rim, at 1.6 million sq. ft the largest power center in Texas, has been sold by the Hines Global REIT Liquidating Trust for an undisclosed sum.

Leasing activity at PREIT properties during the first quarter of 2021 strongly contradicts a popular notion that malls will all perish post-pandemic.

Following a year when leasing activity declined by almost 30% in her state, a top broker in New Jersey sees a significant uptick in retail expansion with strong brands like Planet Fitness, Dollar Tree, and Five Below eagerly snapping up empty spaces.

Macy’s is expanding its off-price Backstage concept – in-store and in freestanding locations.

JLL Capital Markets announced that it had closed the sale of McKinney Marketplace in the town of the same name north of Dallas.