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Marcus & Millichap: Improving retail real estate outlook
Calabasas, Calif. -- Broader regional economic growth and improved consumer and retailer finances bode well for retail real estate investments in well-located properties, according to “The Retail Outlook” from Marcus & Millichap Research Services’ second quarter 2013 mid-year outlook for the national retail market and U.S. economy.
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DRE inks three retail leases in Hampton Roads
Virginia Beach, Va. -- Divaris Real Estate has leased three retail spaces at shopping centers in Hampton and Virginia Beach.
Bank of America renewed its 6,000–sq.-ft. lease in Willow Oaks Village Square in Hampton.
Bruegger’s Bagels leased 2,400 sq. ft. in Southgate Commons in Virginia Beach. Also in Southgate Commons, Anthony Vince Nail Spa has taken 2,597 sq. ft.
A member of Realty Resources and the Virginia affiliate for The CORE Network, DRE represented the landlords in these transactions.