The 292,309-square-foot retail center, Bricktown Square, located at the corner of North Narragansett and West Fullerton Avenue in Chicago, was purchased from Bonnie Investment Group, with NewMark Merrill planning to invest in upgrades to the property. “We identified this off-market shopping center over two years ago, saw its …
THOUSAND OAKS, CALIF (June 16, 2021) – Thousand Oaks High School students attended one of the most memorable events of their school life – the Prom – thanks to a creative and generous local business. After the official Thousand Oaks High School prom was cancelled due to …
The deal offers another sign that the investment market for big retail properties is stirring again after grinding to a halt during the pandemic. Bricktown Square A California investment firm with a growing appetite for Chicago-area shopping centers has acquired its fourth property here: Bricktown Square on the city’s …
TUSTIN, Calif. — When visitors visit the District at Tustin Legacy on Tuesday and beyond, they’ll find something different at the retail center. The 50 or so social distancing markers on the floor and other six-foot distance reminder signs that were placed at different parts of the retail …
The massive old Sears property that occupies a prime spot on Santa Monica Boulevard in Hollywood is on the verge of a revival. But the vacant department store isn’t poised for a fresh coat of paint and a new retailer. Instead, the space will be converted into a …
In April, the retail sector got the best news it had received since the pandemic started: retail sales for the month of March jumped 9.8%—the biggest monthly jump since May 2020. Retail REITs are also performing well this year, with malls and shopping centers up 33.6% and …
Like many homebound gym fans, Hannah Ebeling was eager to hit the machines again, visiting her Planet Fitness in Tustin three or four times a week since it reopened in March. “I would try to go on runs,” Ebeling said, “but I missed having that equipment to lift …
President Biden’s new economic plan would eliminate a tax break for many real estate owners that has enabled them to defer paying capital gains on property sales. Closing that tax loophole, which has existed since 1921, is part of his $1.9 trillion spending package for new social programs. …
Traditionally, development has involved heavy face-to-face interactions, from site selection to planning to design to permitting to meetings. The pandemic changed all of that, and developers, as well as the cities and municipalities with which they work, have adapted to keep projects on track. “The pandemic highlighted the …