The national average sale price is at $131 per square foot, up $7 from 2022.

"We've got a triple threat going on right now."

"No one is holding those company's feet to the fire, and I think that is what's really missing."

The transaction will add 56 open-air shopping centers to Kimco's existing portfolio of 528 properties.

It is being acquired by KSL Capital Partners in an all-cash transaction.

Sales volume is down as a percentage, but nowhere near the slide of big-number deals.

New York City, Chicago, Boston and San Diego/La Jolla saw the five largest transactions.

Subway will be better capitalized to modernize stores, which will result in higher sales and their ability to pay higher rents.