REAL ESTATE

Inland Real Estate Acquisitions acquires South Elgin Commons

BY Staff Writer

Elgin, Ill. – Oak Brook, Ill.- based Inland Real Estate Acquisitions has announced the acquisition of South Elgin Commons, a 128,000-sq.-ft. shopping center in Elgin, Ill., for approximately $25 million.

The property was 100% leased at closing and is anchored by Ross Dress for Less, Toys “R” Us and LA Fitness.

Also included in the purchase is an undeveloped pad next to Ross Dress for Less that could add an additional 11,000 sq. ft. of retail to the center. The property is shadow-anchored by Super Target and Home Depot, which were not acquired.

keyboard_arrow_downCOMMENTS

Leave a Reply

S.Goldwell says:
Oct-23-2012 04:36 pm

Hay dinero en el sector
Hay dinero en el sector inmobiliario. En realidad, mucho dinero para ser hecho. Es por eso que muchas personas están entrando en el negocio de bienes raíces. También hay algunas empresas que están dando ayudas a empresas de bienes raíces. Si quieres saber más sobre esto, entonces usted debe ir a la agencia idea en la ciudad.

S.Goldwell says:
Oct-23-2012 04:36 pm

Hay dinero en el sector inmobiliario. En realidad, mucho dinero para ser hecho. Es por eso que muchas personas están entrando en el negocio de bienes raíces. También hay algunas empresas que están dando ayudas a empresas de bienes raíces. Si quieres saber más sobre esto, entonces usted debe ir a la agencia idea en la ciudad.

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
REAL ESTATE

LA Fitness to open at Old Town Shopping Center

BY Staff Writer

Dallas — Venture Commercial said that LA Fitness has signed a long-term lease to build a 45,000-sq.-ft. facility in the Old Town Shopping Center in Dallas, on the site of a former Borders bookstore.

LA Fitness has begun razing the existing building on behalf of the landlord, preparing the site for construction of a new prototype club, which is expected to open around the end of the year.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Report: Q2 vacancy declines across all commercial sectors, including retail

BY Katherine Boccaccio

Boston — A report released Tuesday by CB Richard Ellis found that, despite concerns about the pace of economic recovery and lukewarm employment growth, the U.S. commercial real estate market showed improvement across all property sectors in the second quarter of 2012.

Retail properties, which have generally lagged other property sectors during the recovery, saw a slight improvement in availability, which fell to 13% during the second quarter.

“The commercial real estate recovery remained intact in the second quarter, despite growing worries about the global economy,” said Jon Southard, managing director, CBRE. “With construction well below typical levels in a recovery, any and all improvements in demand get channeled into a lower vacancy rate.”

A majority of the retail markets recorded either flat or declining availability rates compared to Q1 2012. Notable performers included Bakersfield, Calif.; Cincinnati, Columbus and Cleveland, Ohio; Providence, R.I.; and San Diego. Each of these markets recorded a decline of at or above 70 basis points. On the other end of the spectrum, markets such as Jacksonville, Fla.; Nashville; and Richmond, Va. recorded gains in availability rates of at or over 70 basis points in the second quarter. Most markets are still hovering at or above their Q2 2011 availability rates, according to CBRE.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...