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Four new retailers to open at Southpark at Cinco Ranch
Houston – Jacksonville, Fla.-based Regency Centers said it has leased retail space in Houston to four new merchants at Southpark at Cinco Ranch, a 203,000-sq.-ft. ground-up development in Fort Bend County.
Construction began in February on the neighborhood center, which has anchor openings scheduled for December 2012 and is 84% preleased.
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Report: Q2 vacancy declines across all commercial sectors, including retail
Boston -- A report released Tuesday by CB Richard Ellis found that, despite concerns about the pace of economic recovery and lukewarm employment growth, the U.S. commercial real estate market showed improvement across all property sectors in the second quarter of 2012.
Retail properties, which have generally lagged other property sectors during the recovery, saw a slight improvement in availability, which fell to 13% during the second quarter.