The move would provide a boost to its luxury offerings.

The 35,053-square-foot property got delayed over a company-wide suspension of openings.

The market has shown resilience thanks to a surge in population.

What Shoreham Capital is doing to navigate supply challenges in certain regions.

The loan-to-value of the transaction was rated at 78.3 percent.

Multiple other categories also improved such as vacancies and rents.

"Retail is increasingly becoming a more favorable investment product sought by investors."

The deal is valued at $309 million.