\r\n \r\nHong Kong (US$4,333 per sq. ft.) remains the world’s most expensive retail market by a substantial margin. Hong Kong houses the highest representation of luxury retailers among all global cities. With a healthy tourist market and a lack of available space.
","showSummary":null,"url":"/real-estate/cbre-demand-will-push-rents-higher-2014","date":"2013-12-06T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":34515,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_27405.jpg?itok=2a10WJAU","width":405,"height":402,"alt":null},"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"New tenants head to East Peoria’s Levee District","id":73445,"bundle":"article","summary":"
Peoria, Ill. — Called The Levee District, the 86-acre new downtown going up in East Peoria, Ill., will include 500,000 sq. ft. of retail and restaurant space as well as office, hotel and civic components. \r\n \r\nFour new retailers recently inked leases for space in The Levee District. \r\n \r\nConstruction is well underway on a 10,400-sq.-ft. space next to Gordmans to be occupied by Shoe Dept Encore. The new store plans to open in the spring of 2014. \r\n \r","showSummary":null,"url":"/real-estate/new-tenants-head-east-peorias-levee-district","date":"2013-12-06T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Port Authority sells remaining interest in WTC retail project to Westfield Group","id":73475,"bundle":"article","summary":"
New York -- In a continued effort to return the Port Authority of New York and New Jersey to its core mission, the Board of Commissioners today approved the sale of the agency’s remaining 50% joint venture in the World Trade Center retail project to the Westfield Group for $800 million. \r\n \r","showSummary":null,"url":"/real-estate/port-authority-sells-remaining-interest-wtc-retail-project-westfield-group","date":"2013-12-05T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Marcus announces tenants for Corners of Brookfield","id":73498,"bundle":"article","summary":"
Milwaukee — The Marcus Corporation has announced the initial line-up of tenants at The Corners of Brookfield, an open-air, town-center-style development in Brookfield, Wis. The mixed-use 460,000-sq.-ft. development will be anchored by Wisconsin’s first Von Maur department store, which will span 140,000 sq. ft. \r\n \r\nThe announcement followed a vote by the Brookfield Board approving the development agreement between the town and Marcus. The agreement provides for tax incremental financing for the project. \r\n \r","showSummary":null,"url":"/real-estate/marcus-announces-tenants-corners-brookfield","date":"2013-12-05T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Cabela’s to open new store in Kentucky in fall 2014","id":73491,"bundle":"article","summary":"
Sidney, Neb. – Cabela’s plans to open a 42,000-sq.-ft. Cabela’s Outpost store in Bowling Green, Ky. The store will be Cabela’s second in Kentucky, joining the Louisville location, and is scheduled to open in the fall of 2014. \r\n \r","showSummary":null,"url":"/real-estate/cabelas-open-new-store-kentucky-fall-2014","date":"2013-12-05T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"RKF launches Toronto office","id":73479,"bundle":"article","summary":"
New York — RKF has opened an office in Toronto and named Steven Alikakos president, Canada. RKF’s Canadian expansion comes just weeks after the firm formalized an affiliation with the U.K.-based retail consulting firm CWM Retail Property Advisors. \r\n \r\nA growing number of American retailers have launched stores north of the border in recent years, a trend expected to continue. Likewise, the U.S. has seen a wave of expansions from Canadian retailers. RKF hopes to play a role in sustaining and accelerating cross-border retail migration. \r\n \r","showSummary":null,"url":"/real-estate/rkf-launches-toronto-office","date":"2013-12-05T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Los Angeles’ $160 million One Santa Fe 'tops out'","id":73476,"bundle":"article","summary":"
Los Angeles — The largest residential development currently under construction in downtown Los Angeles, One Santa Fe has been “topped out” by Bernards, the commercial builder directing the project. \r\n \r\nConstruction companies “top out” projects when they add the last beam to the top of a building. \r\n \r","showSummary":null,"url":"/real-estate/los-angeles-160-million-one-santa-fe-tops-out","date":"2013-12-05T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Macy’s, Bloomingdale’s to anchor new Mall at Miami Worldcenter","id":73495,"bundle":"article","summary":"
Cincinnati -- Macy’s announced an agreement for Macy’s and Bloomingdale’s stores to anchor the new Mall at Miami Worldcenter, to be built in downtown Miami. Current plans call for the stores to open in fall 2016. \r\n \r\nMiami Worldcenter, a major mixed-use project with retail, hotel, residential and convention space, is being planned by The Forbes Company and Taubman Centers. \r\n \r","showSummary":null,"url":"/real-estate/macys-bloomingdales-anchor-new-mall-miami-worldcenter","date":"2013-12-05T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"Dollar Tree to Brooks Crossing in Watauga, Texas","id":73480,"bundle":"article","summary":"
Watauga, Texas — Dollar Tree has leased an 8,450-sq.-ft. location at Brooks Crossing, a community retail center in Watauga, Texas. The Weitzman Group represented the shopping center, and The Retail Connection represented Dollar Tree. \r\n \r\nThe Brooks Crossing tenant line-up includes Albertsons, GameStop, Tuesday Morning, Chase, GNC, Subway, Taco Bell and others. Cencor Realty Services manages Brooks Crossing.
","showSummary":null,"url":"/real-estate/dollar-tree-brooks-crossing-watauga-texas","date":"2013-12-05T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]},{"title":"StreetMac to manage recapitalized Stratford Square Mall","id":73477,"bundle":"article","summary":"
Northbrook, Ill. — StreetMac Asset Managers and Five Mile Capital Partners LLC have joined forces to recapitalize Stratford Square Mall in Bloomingdale, Ill. \r\n \r\nThe 1.3 million-sq.-ft. mall features more than 100 stores and restaurants, a 14-screen cinema complex and national retail anchors including Macy’s, Sears, Carson Pirie Scott, J.C. Penney, Kohl’s and Burlington Coat Factory. \r\n \r","showSummary":null,"url":"/real-estate/streetmac-manage-recapitalized-stratford-square-mall","date":"2013-12-05T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":null,"topics":[{"name":"REAL ESTATE","url":"/real-estate"}],"attachedFiles":[]}]},"title":"REAL ESTATE","contentParagraphs":null,"sections":null};
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Los Angeles — Retail rents in the world’s most expensive markets will rise further in 2014 due to a shortage of available prime locations combined with a lack of new development, according to CBRE Group’s third quarter report on the world’s prime global retail markets.
Hong Kong (US$4,333 per sq. ft.) remains the world’s most expensive retail market by a substantial margin. Hong Kong houses the highest representation of luxury retailers among all global cities. With a healthy tourist market and a lack of available space.
Peoria, Ill. — Called The Levee District, the 86-acre new downtown going up in East Peoria, Ill., will include 500,000 sq. ft. of retail and restaurant space as well as office, hotel and civic components.
Four new retailers recently inked leases for space in The Levee District.
Construction is well underway on a 10,400-sq.-ft. space next to Gordmans to be occupied by Shoe Dept Encore. The new store plans to open in the spring of 2014.
New York -- In a continued effort to return the Port Authority of New York and New Jersey to its core mission, the Board of Commissioners today approved the sale of the agency’s remaining 50% joint venture in the World Trade Center retail project to the Westfield Group for $800 million.
Milwaukee — The Marcus Corporation has announced the initial line-up of tenants at The Corners of Brookfield, an open-air, town-center-style development in Brookfield, Wis. The mixed-use 460,000-sq.-ft. development will be anchored by Wisconsin’s first Von Maur department store, which will span 140,000 sq. ft.
The announcement followed a vote by the Brookfield Board approving the development agreement between the town and Marcus. The agreement provides for tax incremental financing for the project.
Sidney, Neb. – Cabela’s plans to open a 42,000-sq.-ft. Cabela’s Outpost store in Bowling Green, Ky. The store will be Cabela’s second in Kentucky, joining the Louisville location, and is scheduled to open in the fall of 2014.
New York — RKF has opened an office in Toronto and named Steven Alikakos president, Canada. RKF’s Canadian expansion comes just weeks after the firm formalized an affiliation with the U.K.-based retail consulting firm CWM Retail Property Advisors.
A growing number of American retailers have launched stores north of the border in recent years, a trend expected to continue. Likewise, the U.S. has seen a wave of expansions from Canadian retailers. RKF hopes to play a role in sustaining and accelerating cross-border retail migration.
Los Angeles — The largest residential development currently under construction in downtown Los Angeles, One Santa Fe has been “topped out” by Bernards, the commercial builder directing the project.
Construction companies “top out” projects when they add the last beam to the top of a building.
Cincinnati -- Macy’s announced an agreement for Macy’s and Bloomingdale’s stores to anchor the new Mall at Miami Worldcenter, to be built in downtown Miami. Current plans call for the stores to open in fall 2016.
Miami Worldcenter, a major mixed-use project with retail, hotel, residential and convention space, is being planned by The Forbes Company and Taubman Centers.
Watauga, Texas — Dollar Tree has leased an 8,450-sq.-ft. location at Brooks Crossing, a community retail center in Watauga, Texas. The Weitzman Group represented the shopping center, and The Retail Connection represented Dollar Tree.
The Brooks Crossing tenant line-up includes Albertsons, GameStop, Tuesday Morning, Chase, GNC, Subway, Taco Bell and others. Cencor Realty Services manages Brooks Crossing.
Northbrook, Ill. — StreetMac Asset Managers and Five Mile Capital Partners LLC have joined forces to recapitalize Stratford Square Mall in Bloomingdale, Ill.
The 1.3 million-sq.-ft. mall features more than 100 stores and restaurants, a 14-screen cinema complex and national retail anchors including Macy’s, Sears, Carson Pirie Scott, J.C. Penney, Kohl’s and Burlington Coat Factory.