Property Type

Seven New Retail Tenants Ink Leases at 1.6 MSF Annapolis Mall in Maryland

by Abby Cox October 16, 2025

ANNAPOLIS, MD. — Seven new tenants have signed leases to join Annapolis Mall, a 1.6 million-square-foot super-regional shopping center located in Annapolis, approximately 30 miles east of Washington, D.C. GOAT USA will open this fall, while Swarovski will follow this winter. OFFLINE by Aerie and Dick’s House of Sport will debut in summer 2026, with UNIQLO and Jack & Jones opening in fall 2026. Additionally, Fello will join the lineup in winter 2026. Meanwhile, existing tenant Talbots has expanded its space at Annapolis Mall and will open this winter. The inclusion of these tenants at the center will total roughly 300,000 square feet of retail space. Annapolis Mall features more than 200 retailers and restaurants such as Macy’s, Apple, Crate & Barrel, lululemon, H&M, Michael Kors, Tumi, Urban Outfitters, Free People, Foot Locker, Zara, Maggiano’s and The Cheesecake Factory, as well as a 12-screen AMC Theatres location. Centennial acquired Annapolis Mall in 2024.

October 16, 2025

Kansas Market Reports Midwest Midwest Market Reports Missouri Retail

Mixed-Use Projects, Big Box Vacancies Provide Opportunities in Kansas City Retail

by Kristin Harlow October 16, 2025

By Lindy Beyer and Matt Rau, CBRE Kansas City is a special place. We have long been known for our renowned barbecue, jazz and most recently, as the city where Taylor Swift’s fiancé works. Retail is at the core of our city, attracting visitors from all over the world to experience our city’s welcoming and rich culture. As the metro area has grown, so has the retail market. We are currently experiencing a period of robust growth, fueled by a combination of strong suburban demand, exciting new mixed-use developments and the appeal of big box vacancies. Sports have been an additional driver as the city continues to invest in its athletic and entertainment offerings. These venues attract large crowds — generating foot traffic and boosting sales for nearby retailers. Retail occupancy rates in Kansas City have increased from 93 percent to 95.1 percent in the last five years, showing the strong overall demand in the market. This is especially notable as there have been over 2.6 million square feet of new retail space delivered over that same time frame, with a large portion contained in mixed-use developments. Overall growth in the Kansas City submarkets has triggered a higher demand for …

October 16, 2025

Features Heartland Feature Archive Retail

Competition Heats Up Among Retail Real Estate Buyers

by Kristin Harlow October 16, 2025

In JLL’s second-quarter “Retail Market Dynamics” report, “resilience” was the word used to describe the national retail investment landscape in the first half of 2025. Transaction volume reached $28.5 billion, a 23 percent increase over the same period a year ago. The figure also outpaces the long-term historical average of $27.7 billion for the first two quarters of the year, according to the brokerage firm. The scope of data includes all transactions $5 million and above for all retail asset subtypes. Retail investment sales brokers say there is plenty of capital flowing into the sector and more robust competition from institutional investors as of late. “We are seeing enhanced liquidity in the retail investment sales market from both an equity and debt perspective,” says Michael Neider, senior director with JLL Capital Markets in Chicago. “Total transaction volume is up in terms of deal volume and number of transactions, while cap rates are compressing.” Grocery-anchored and unanchored retail assets remain the most efficiently priced, but power center cap rates are compressing at a faster pace from their elevated levels, says Neider. “The spread between grocery-anchored cap rates and power center cap rates has narrowed from 166 basis points in 2023 — …

October 16, 2025

Development Florida Mixed-Use Southeast Top Stories

City of Miami Approves $2B Midtown Park Mixed-Use Development

by Hayden Spiess October 16, 2025

MIAMI — The City of Miami’s Urban Development Review Board has officially approved the master plan for Midtown Park, a $2 billion mixed-use development. A joint venture between Rosso Development, Midtown Development and Proper Hospitality is developing the project, a construction timeline for which has not yet been announced. Plans for the two-phase, 1.2 million-square-foot project currently call for 924 residential units, 60,000 square feet of office space and more than 120,000 square feet of retail and restaurant space. Additionally, the development will feature two public plazas, a network of pedestrian-oriented streetscapes and an eight-court racquet and padel club operated by ULTRA Padel. The first component of the project to be developed will be Midtown Park Residences by Proper, situated at 3055 N. Miami Avenue. Arquitectonic has designed the 28-story tower, which will deliver 288 branded residences in studio to three-bedroom layouts, plus penthouses with private rooftop gardens and pools. Meyer Davis Studio served as the interior designer for the tower. Amenities at Midtown Park Residences by Proper will include a pool deck with a restaurant and bar, private pickleball court, fitness center, yoga and meditation garden, spa pool, coworking spaces, a kids club and a communal vegetable garden. Completion of …

October 16, 2025

Loans Retail Texas

JLL Arranges $1.2B Refinancing of 1.9 MSF NorthPark Center Mall in North Dallas

by Taylor Williams October 15, 2025

DALLAS — JLL has arranged the $1.2 billion refinancing of NorthPark Center, a 1.9 million-square-foot enclosed mall in North Dallas. NorthPark Center originally opened in 1965 and has subsequently undergone multiple renovations and expansions. Today, the mall is home to nearly 200 tenants, with Neiman Marcus, Nordstrom, Macy’s, Dillard’s, Eataly and AMC Theatres serving as the anchors. A consortium of lenders led by Wells Fargo, Morgan Stanley and Goldman Sachs provided the financing to the owner, NorthPark Management Co., an entity that is owned and controlled by the Nasher/Haemisegger family. Timothy Joyce, Trey Morsbach and Matt Maksymec of JLL led the debt placement efforts. NorthPark Center was 98.6 percent leased at the time of the loan closing. The financing will retire the existing mortgage, and ownership will use excess proceeds to redeem equity interests in the property and return full ownership back to the family.

October 15, 2025

Development Mixed-Use Oklahoma Texas

Rainier Development Unveils Plans for $400M Riverline Mixed-Use Project in Tulsa

by Taylor Williams October 15, 2025

TULSA, OKLA. — Dallas-based Rainier Development Co. has unveiled plans for Riverline, a 37-acre mixed-use project in Tulsa that is valued at approximately $400 million. The site is located south of Joe Creek and east of Lewis Avenue in what the development team describes as “one of Tulsa’s most dynamic growth corridors.” Plans call for approximately 650 luxury apartments that will come in one-, two- and three-bedroom floor plans, set above 200,000 square feet of retail, dining and entertainment space. Rainier is developing Riverline in partnership with the Muscogee (Creek) Nation. Construction of the first phase is scheduled to begin next year and to be complete in late 2027 or early 2028.

October 15, 2025

Civic Development Texas

American Constructors Breaks Ground on 473,338 SF Academic Project in Del Valle, Texas

by Taylor Williams October 15, 2025

DEL VALLE, TEXAS —General contractor American Constructors has broken ground on a 473,338-square-foot academic project for the Independent School District of Del Valle, located just south of Austin. The site is located within the $2 billion Whisper Valley master-planned community. The project is a new high school campus that will expand career and technical education programs and facilities for students pursuing careers in robotics, technology and manufacturing. In addition to a main academic building, the project team will also deliver a field house, concession stand and baseball/softball facilities. Pfluger Architects is designing the project, completion of which is slated for August 2027.

October 15, 2025

Acquisitions Retail Texas

Faris Lee Investments Negotiates $16.6M Sale of Retail Property in Mission, Texas

by Taylor Williams October 15, 2025

MISSION, TEXAS — California-based brokerage firm Faris Lee Investments has negotiated the $16.6 million sale of Mission Gateway, a retail property located in the Rio Grande Valley. Tenants at the property include Burlington and Murdoch’s. A Texas-based developer sold Mission Gateway to a REIT, with both parties requesting anonymity. Don MacLellan, Jeff Conover and Scott DeYoung of Faris Lee brokered the all-cash deal.

October 15, 2025

Acquisitions Office Texas

Colliers Brokers Sale of 182,506 SF Office Building in West Houston

by Taylor Williams October 15, 2025

HOUSTON — Colliers has brokered the sale of a 182,506-square-foot office building located at 11200 Westheimer Road in the Westchase area of West Houston. According to LoopNet Inc., the 10-story building was originally constructed in 1982. James Kadlick, Chris Hutcheson and Harrison Kane of Colliers represented the buyer, an entity doing business as Texas Jewelry District LP, in the transaction. The seller and sales price were not disclosed.

October 15, 2025

Delaware Development Multifamily Northeast

Buccini Pollin Completes 243-Unit Multifamily Project in Wilmington, Delaware

by Taylor Williams October 15, 2025

WILMINGTON, DEL. — Regional developer Buccini Pollin Group has completed The Press, a 243-unit multifamily project in Wilmington. Designed by Perkins Eastman, the 14-story building gets its name from the site formerly serving as the headquarters of the The News Journal. Units come in studio, one- and two-bedroom floor plans and are furnished with quartz countertops, stainless steel appliances and in-unit washers and dryers. Amenities include a pool, dog run, grilling areas and a landscaped pocket park. Rents start at $1,600 per month for a studio apartment.

October 15, 2025

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