Premier Retail commercial real estate news, analysis, trends and information including shopping centers, malls, strip centers, big boxes, mixed-use, grocery, neighborhood and high-street segments deals and players.
SAN JOSE-Since United Artists' hasty departure two years ago, the Pavilion movie theaters in Downtown San Jose have been vacant. Now, the city and Cinelux theater chain will revive the 2,500-person space.
SCOTTSDALE, AZ-Koala Blu readies a 4,387-sf spot at the Scottsdale Horizon while furniture distributor, Steiner, heads into 3,907 sf at the Village at Prescott Gateway. The premier retail locations come with good neighbors.
LOS ANGELES-Promising to bring the National Football League and the Super Bowl back to Los Angeles, Anschutz Entertainment Group has plans to build a 64,000 seat stadium in the Downtown section of the city not far from its successful Staples Center development.
SEATTLE, WA-A local broker who represents struggling retailers in the disposition of excess properties and leaseholds during bankruptcy proceedings talks with GlobeSt.com about the big box surplus market.
ATLANTIC CITY, NJ-The old Million Dollar Pier, rebuilt almost 20 years ago to resemble an ocean liner, will be shuttered entirely for 18 months by owner Park Place.
MOUNT VERNON, VA-An $85-million museum and orientation center is in the works for George Washington's Mount Vernon Estate and Gardens. Official plans will be announced on April 27 and work on the 50,000-sf endeavor is scheduled to commence in 2003.
ORANGE, CA-Buchanan Urban Investors and Rawson, Blum & Leon have snapped up the regional shopping center. The pair plan to renovate the complex, which was 89% leased at the time of sale.
SHOREVIEW, MN-Shoreview Village Mall's owner hires Minneapolis artist Aldo Moroni to paint murals at the 20-year-old retail center and anchors it with a health food store, gift shop and pharmacy.
MIAMI-RM Hollywood Hills Plaza Shopping Center, headed by Barry Ross and William D. Matz, paid $28.85 million or $65.34 per sf for the 25-year-old, 441,566-sf shopping center in Hollywood, FL, 20 miles north of Downtown Miami. Adjoining outparcels sold for $4.15 million.