by Kipp Gillian | Oct 17, 2024 | Retail
Avison Young has brought to market a four-unit, state-of-the-art food production facility at 900 W. Cermak Road in Chicago, Illinois. The 40,000-square-foot property was recently occupied by Foxtrot, which extensively renovated the facility in 2021 for use as their...
by Kipp Gillian | Oct 17, 2024 | Retail
Retail sales rose by a seasonally adjusted 0.4% in September, following an unrevised 0.1% gain in August, the Commerce Department’s Census Bureau said Thursday. Economists polled by Reuters had projected a 0.3% increase in September. Receipts at food and...
by Kipp Gillian | Oct 17, 2024 | Retail
It’s no secret that investment activity and transaction volume across all commercial real estate sectors have stalled over the past several years. But as is the usual case with CRE, a great deal depends on asset type, geographic sector and—according to a recent CBRE...
by Kipp Gillian | Oct 17, 2024 | Retail
Concord Summit Capital (“Concord Summit”) arranged a $24.5 million construction loan to finance demolition, abatement and infrastructure entitlements for the redevelopment of the Metrocenter Mall located in Phoenix. Metrocenter is poised for a dramatic transformation...
by Kipp Gillian | Oct 17, 2024 | Retail
A development team of Griffin Brothers Property Services and Quore Real Estate Advisors is trying to get the city of Charlotte to rezone 24 acres in Brookhill Village along Remount Road at the edge of South End. The zoning designation would give the firms the...
by Kipp Gillian | Oct 16, 2024 | Retail
Archway Capital provided a $22.8-million loan to acquire Simi Valley Town Center. Built in 2005, the 593,827-square-foot retail center is located at 1403-1685 Simi Town Center Way in Simi Valley. The borrower was not disclosed. “We are pleased to provide acquisition...
