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Retail Real Estate News Update – Q4 2020
N3 Real Estate puts together the most prominent retail real estate news stories every quarter from CRE news sources around the country.
National Retail News
Opportunities Are Very Much Present for Retail Net Lease Investors…
GlobeSt.com covers the latest mood in the retail market, and there are “bright spots” available for making sound investments in the net lease realm of the market. Read More
… However, the Picture is “Grim” for Malls Across the Country as Movie Theaters Take Major Hit During Pandemic
BizJournals details the issues facing movie theaters and the movie industry nationwide, which in turn is having a direct impact on shopping centers. Many of the USA’s malls are anchored by cinemas. Read More
Top Retail Performers in 2021 Predicted to Be Grocers, Home Goods, and Gyms
According to Placer.ai, the top retail sectors in 2021 will be grocery stores, home good supplies, and even gyms. Read More
Health and Safety Take Even More Precedence on Construction Sites Due to Pandemic
Some big changes have been implemented on construction sites around the country already due to the pandemic, such as smaller groups of people on site and PPE (Personal Protective Equipment). Read More
E-Commerce Is Thriving During the Pandemic, It’s Growth May Spark a New Labor Movement Nationwide
Companies like Amazon are bracing for impact with their workforce as labor movements are growing among those working on the frontlines to deliver retail goods to people around the country. Read More
Florida Retail News
MMG Equity Partners’ Florida Retail News
MMG Equity Partners, based in Miami, FL, covers the latest news, reports, and transactions from Florida’s commercial real estate market, focusing on the retail sector in Miami and South Florida. Read More
Georgia Retail News
Brookfield Returns 1.3M SF Shopping Center to Lender in Fulton County, GA
Brookfield Property Partners has thrown in the towel on the North Point Mall in Georgia, and handed the deed back to the lender, New York Life Insurance Co. The lender has already tapped Trademark Property, Co to manage the retail center and the property’s redevelopment. Read More
Stan Johnson Co. Acquired Atlanta-Based CRE Brokerage Firm, Shane Investment Property Group
Stan Johnson’s first company acquisition is in line with its strategy to expand upon their multi-tenant retail investment sales presence. Read More
$50M Commercial / Retail Real Estate Project Proposed for Athens, GA
Athens, GA may be home to a new 320,000-square-foot commercial real estate center focusing on retail spaces. Read More
Texas Retail News
Dallas’ Retail Real Estate’s Negative Net Absorption Improves During Q4 2020
BisNow reports on the slight improvement of absorption rates in Dallas-Fort Worth’s retail market during the fourth quarter of 2020 compared to Q3. Additionally, the market maintained a solid 92.8% occupancy rate, which is quite positive especially given the effects of the pandemic. Read More
JLL Income Property Trust (IPT) Extends Grocery-Anchored Leases in Dallas-Fort Worth & Las Vegas
JLL IPT recently extended two leases for grocery-anchored retail centers in Texas and Nevada. Read More
Virginia Retail News
Discount Retail Chain, T.J. Maxx Seals Deal for 205K-SF Warehouse Space in Maryland
T.J. Maxx inked a deal for warehouse space at the Mid-Atlantic Commerce Center in Jessup, MD, which is currently 92% leased. Read More
Retail Real Estate News Update – Q2 2020
N3 Real Estate put together some of the top headlines for retail real estate news stories in Q2 2020 from CRE news sources around the country.
National Retail News
Restaurant-Retailers Adapting to Pandemic Economy by Acquiring More Outdoor Space
Restaurants are looking to redefine their operable real estate due to the fact that 50 to 75% of interior customer capacity has been reduced / removed. One idea that follows a more European model is, the push to allow table service on more outdoor sidewalks, plazas and even streets. Read More
National Retail Market Report Predicts That a Record Number of Retailers Could Close in 2020
While some retailers / restaurants are adapting to the current economic landscape, others are having to fold their cards. The prediction is that a record number of retailers will be closing their doors during 2020. Read More
Tenants’ Troubles with Lease Payments Adds Another Level of Stress to CRE Market
Numerous retail tenants are struggling to pay rent during the pandemic due to the quarantine and forced shut downs across the country. If retailers fail to pay rent, it will bring an added stress to the entire economic situation for commercial real estate. Read More
Retail Owners Nationwide Still Support the Protests Sweeping the Nation Despite Having Damaged Property
Several retail owners and retail real estate experts chime in on the protests that took over the streets of many cities around the country. Read More
Florida Retail News
MMG Equity Partners’ Florida Retail News
MMG Equity Partners, based in Miami, FL, covers the latest news, reports, and transactions from Florida’s retail real estate market, focusing on Miami and South Florida. Read More
Georgia Retail News
Jamestown Providing Financial Aid with $50M Fund to Help Small Business Owners Reopen
Jamestown, a major developer of mixed-use real estate projects nationwide, announced that it has created a fund to help small business owners. Even though they collected over 80% of their rent from tenants in May 2020, they are creating the fund looking at Q3 / Q4 being more troublesome for their retail tenants. Read More
Georgia Retail Property Set to Receive Major Revamp
Ultimate Realty in the works to transform Georgia’s first air-conditioned shopping center into the 395K-square-foot industrial real estate property. Read More
SoftBank Affiliate Acquires Kystal Restaurants
In January, Krystal filed for bankruptcy protection of its 182 restaurants in nine states nationwide. However, in Q2 2020, Fortress Investment Group an affiliate of SoftBank Group decided to acquire the bankrupt business. Read More
Texas Retail News
Texas Retail Sales Reach Two-Year Highs in June
According to the Dallas Federal Reserve’s Texas Retail Outlook Survey, more than half of their reported retail respondents said there was an increase in sales in June compared to May, with less than 25% saying that sales declined month-over-month. Read More
Colliers International Set Up Sale of Leased Retail Asset in Austin, TX
The retail asset in Austin sold for $7.4 million. The transaction was made via a 1031 exchange. The retail property is a 12,900-square-foot space that is currently occupied by CVS, and they have a 13-year lease on it. Read More
Mixed-Use Real Estate Project Planned for Austin Airport Property
Major mixed-use project set to be east of the Airport in Austin, Texas is getting bigger. The full scope of the project will have over 7 million square feet of multifamily, office, industrial, and retail spaces. Read More
Retail Chain Moving HQ to Dallas, TX
Specialty retail chain, Buff City Soap, is moving their headquarters from Memphis, TN to Dallas in order to better position itself geographically. Read More
Virginia Retail News
Mid-Atlantic Retail Portfolio Exchanges Hands for $90M
Slate Retail REIT acquired a seven-property retail portfolio. The properties are all grocery-anchored centers, and they sold for $90 million altogether. Read More
