$35B in CMBS may have been affected by retail bankruptcies | Houston's Heights Mercantile wasn't the "easy" deal development | Highland Place in Denver sold for $24.5M
January 22, 2018
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$35B in CMBS may have been affected by retail bankruptcies
Last year, more than $35 billion in commercial mortgage-backed securities loans were at risk of default due to retailers declaring bankruptcy, according to Trepp. However, the analytics firm sees positive signs in the retail industry, such as strong retail sales for the holiday season and the performance of Class A malls.
Shopping Center Business (1/18) 
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Industry Tracker
Houston's Heights Mercantile wasn't the "easy" deal development
Steve Radom, developer of a new shopping center in Houston called Heights Mercantile, said he didn't go after the easy deals but rather spent time developing the concept for the new development. The property, which spans six buildings, offers cultural and local offerings, along with Lululemon and a gallery space with rotating work from the Museum of Fine Arts, Houston.
Houston Chronicle (tiered subscription model) (1/19) 
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Highland Place in Denver sold for $24.5M
Allante Properties has sold Highland Place, a 54,557-square-foot retail location in Denver, to Denver Regional Investment Properties for $24.5 million. The property has five retail stores and 68 units in a mixed-use design.
Commercial Property Executive (1/19) 
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Mills Fleet Farm to anchor Sioux City, Iowa, retail center
Mills Fleet Farm will anchor an under-construction retail center in Sioux City, Iowa. The development will provide 350,000 square feet of retail space on 64 acres of land.
Sioux City Journal (Iowa) (1/21) 
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NetCo Investments buys Ripon, Calif., retail property
NetCo Investments has purchased the 73,199-square-foot Colony Plaza in Ripon, Calif., from Donahue Schriber Realty Group for $5.6 million. The 10.4-acre property is 92% leased and includes a Save Mart grocery store anchor.
Commercial Property Executive (1/19) 
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Retail News
Small merchants make a bigger splash amid growing online sales
Smaller merchants are finding growing success by creating experiences that draw in shoppers in the age of digital shopping. "We have to go where the online guys can't go," said Jennifer McLeod, who opened the Primrose Shop in Orlando, Fla., in 2003.
Orlando Sentinel (Fla.) (tiered subscription model) (1/22) 
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Can Costco keep up in the age of digital shopping?
Can Costco keep up in the age of digital shopping?
(Saul Loeb/AFP/Getty Images)
Warehouse concepts including Costco and Sam's Club pioneered bulk buying, but millennials are increasingly turning to Boxed.com and Amazon Prime to stock up on staples. Warehouse retailers have been slow to adapt to digital retail and they largely cater to aging consumers, Forrester Research's Sucharita Mulpuru said.
The Washington Post (tiered subscription model) (1/19) 
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Seritage Growth fares well even as Sears shutters stores
Seritage Growth Properties has not been greatly affected by Sears Holdings' store closures, as the REIT's portfolio contains only a small number of the 103 stores being closed. Sears Holdings' master lease with Seritage allows it to terminate only 20% of its Seritage leases in any given year, and Seritage has the right to redevelop and lease the space to new tenants that can pay higher rents.
Fox Business/Motley Fool (1/18) 
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We choose to go to the moon in this decade and do the other things not because they are easy, but because they are hard.
John F. Kennedy,
35th US president
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