CPE’s Top 5 Articles in November
- Dec 01, 2017
A recent study by JLL shows that mall owners are investing billions in renovating their assets to meet the needs of the modern consumer. While these projects come with risks, the report makes a case for their rewards.
CBRE supported the buyer and Newmark Knight Frank represented the seller in the deal. NewMark Merill owns a portfolio of more than 78 shopping centers in Colorado, Illinois and California.
The global real estate services firm released the 29th edition of its “Main Streets Across the World” report, which tracks 451 of the top retail streets, ranking the most expensive in 68 countries by their prime rental value.
Forty-seven percent of the survey’s respondents indicated that they favor shopping in stores over buying online. Participants also expressed their loyalty to small businesses and penchant for boutique stores.
The company will erect the 575,000-square-foot Mill Station on the land that had been home to the now-demolished Owings Mills Mall.