Retail

Walker & Dunlop Arranges $216M Loan for Refinancing of Manhattan Office, Retail Building

by Taylor Williams October 16, 2026

NEW YORK CITY — Walker & Dunlop has arranged a $216 million bridge loan for the refinancing of 568 Broadway, a 390,745-square-foot office and retail building in Manhattan’s SoHo neighborhood. The 12-story building’s retail component totals 70,870 square feet retail and was fully leased at the time of the loan closing to tenants such as Hugo Boss, Athletic Propulsion Labs, GU and Equinox. Office users include Zocdoc, The Farmer’s Dog and Milk Makeup. Aaron Appel, Dustin Stolly, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Jordan Casella and Stanley Cayre of Walker & Dunlop arranged the loan through ACORE Capital. The borrower is a joint venture between Aurora Capital, Allied Partners and A&H Acquisitions.

October 16, 2026

Acquisitions Midwest Ohio Retail

JLL Brokers $20.5M Sale of Shopping Center in Hilliard, Ohio

by Kristin Harlow October 16, 2026

HILLIARD, OHIO — JLL Capital Markets has brokered the $20.5 million sale of Hilliard Rome Commons, a 106,922-square-foot power center in the Columbus suburb of Hilliard. Michael Nieder and Brian Page of JLL represented the seller, RCG Ventures LLC. CASTO was the buyer. Built in 2002, Hilliard Rome Commons is fully occupied and anchored by Burlington, HomeGoods, Ulta Beauty, pOpshelf, Buffalo Wild Wings and a Bank of America outparcel. The property features proximity to I-70.

October 16, 2026

California Development Loans Mixed-Use Multifamily Retail Western

Lincoln Property Co., McCourt Partners Receive $132.7M Construction Loan for Culver City Multifamily Project

by Amy Works October 15, 2026

CULVER CITY, CALIF. — Lincoln Property Co. and McCourt Partners have received $132.7 million in construction financing from Bank OZK for ElevenOneEleven, a multifamily development in Culver City. Lou Friedel and Keith Rosso of Berkadia arranged financing on behalf of Lincoln and McCourt. Situated on 3.4 acres at 11111 Jefferson Blvd., ElevenOneEleven will feature a six-story development comprising 344 residences, including 52 affordable units, along with 2,000 square feet of retail space and 17,520 square feet of publicly accessible outdoor space. Additionally, ElevenOneEleven will include two full floors of residential amenities and 500 parking spaces. The project team includes KFA Architecture as architect and Kimley-Horn as civil engineer. Construction is slated to commence in the fourth quarter of 2026.

October 15, 2026

Loans Retail Texas

MMCC Arranges $23.4M in Acquisition Financing for Travel Center in Mercedes, Texas

by Taylor Williams October 14, 2026

MERCEDES, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged $23.4 million in acquisition financing for a 2,920-square-foot travel center in Mercedes, located in South Texas’ Hidalgo County. The address was not disclosed, but the facility is located off East I-2. Ron Balys of MMCC arranged the 10-year loan, which carried a 6.75 percent interest rate and a 70 percent loan-to-value ratio, through an undisclosed national credit union. The borrower was also not disclosed.

October 14, 2026

Acquisitions Hawaii Retail Western

U.S. Realty Partners Disposes of Two-Property Retail Portfolio in Lahaina, Hawaii for $155M

by Amy Works October 14, 2026

LAHAINA, HAWAII — An affiliate of U.S. Realty Partners has completed the disposition of a two-property retail portfolio in Lahaina to 11North Partners for $155 million. The portfolio includes: Bryan Ley and Tim Kuruzar of Northmarq, along with Jamie Brown of Hawaii Commercial Real Estate, brokered the sale. Additionally, Northmarq’s Joe Giordani, Alex Kane and Matt Radich arranged $96 million in acquisition financing through PNC Bank.

October 14, 2026

Development North Carolina Retail Southeast

Wegmans to Open 110,000 SF Grocery Store in Charlotte This Week

by John Nelson October 13, 2026

CHARLOTTE, N.C. — Wegmans, a large-format grocer based in Rochester, N.Y., plans to open a 110,000-square-foot grocery store at 11550 N. Community House Road in Charlotte on Wednesday, Oct. 14. The store is an anchor of Ballantyne, Northwood Investors’ 2,000-acre master-planned development on the south side of Charlotte adjacent to the South Carolina border. The store will feature all traditional Wegmans departments, including produce, seafood, meat, bakery, deli, cheese and wine and beer. Additional offerings will include Meals2Go and catering, online shopping capabilities, a floral shop, coffee and home goods. The store will also have a market café with indoor and outdoor seating for customers dining at one of Wegmans’ multiple food outlets. Wegmans has hired 450 associates to operate the new store, which is currently the southernmost store in Wegmans’ network.

October 13, 2026

Acquisitions Georgia Retail Southeast

Atlantic Capital Partners Brokers $18.2M Sale of Shopping Center in Dalton, Georgia

by John Nelson October 13, 2026

DALTON, GA. — Atlantic Capital Partners has brokered the $18.2 million sale of Walnut Square, a 127,391-square-foot, newly constructed shopping center in Dalton, a North Georgia city near the Tennessee border. Fred Victor, Sam Koonce, Teddy Driscoll and Matt Austin of Atlantic Capital Partners represented the undisclosed seller in the transaction. The buyer was also not disclosed. Situated off Ga. Highway 52 near I-75, Walnut Square was 99 percent leased at the time of sale to tenants including Food City, Ross Dress for Less, Ulta Beauty, PetSmart, Bath & Body Works, AT&T, Kay Jewelers and Crumbl Cookies.

October 13, 2026

Features Heartland Feature Archive Retail

Investors Are Hungry for Retail Deals, But Not Enough Assets Are for Sale to Satisfy Appetite

by Kristin Harlow October 13, 2026

A lack of quality inventory is one of the prominent factors shaping the retail investment sales landscape. Simply put, there is more capital seeking retail opportunities than there are assets available for purchase, says Michael Marks, executive director of retail capital markets with Cushman & Wakefield in Chicago. Strong leasing activity and rising rents are bolstering investor confidence in the retail market, he adds. Amid historically low vacancy, U.S. retail asking rents grew 2.2 percent year-over-year to $25.65 per square foot triple net, according to Cushman & Wakefield’s second-quarter report. Structural supply constraints continue to support sustained rent growth, as the development pipeline represents less than 0.3 percent of existing inventory. Retail investors are firmly in acquisition mode, according to JLL’s second-quarter U.S. report. In the first half of the year, retail investment sales volume reached $33 billion, up 14 percent year-over-year and the strongest first half since 2022. Evan Lyons, executive vice president with West Bloomfield, Michigan-based Encore Real Estate Investment Services, poses the question — where does the next wave of inventory for transactions come from? “Some will come naturally through ownership transitions, partnership changes, fund lifecycles and other reasons investors need to sell,” predicts Lyons. “Debt maturities …

October 13, 2026

Market Reports Northeast Northeast Market Reports Pennsylvania Retail

Strong Tenant Sales Keep Philadelphia Retail Market Humming

by Taylor Williams October 13, 2026

By Taylor Williams “People are still spending money.” That’s what Nick Skeparnias, principal at Agora Commercial Realty Partners, a full-service advisory and development firm, identifies as the single-biggest point of optimism about the state of the greater Philadelphia retail market. According to data from the U.S. Commerce Department, U.S. retail sales totaled roughly $774 billion in August, a 1.2 percent increase over the previous month. The Wall Street Journal also reports that spending in discretionary categories of retail, namely electronics and appliances, rose by 1.6 percent in August versus July. And according to both The Journal and Breitbart, the actual volume of retail sales in August exceeded economists’ expectations by anywhere from 40 to 70 basis points. Within Skeparnias’ simple, five-word declarative statement, there’s no question that “still” is the operative term. “Retail is only as good as the money that people have to spend on it,” he elaborates. “So when you consider the biggest concerns for this asset class, there’s nothing specific to retail itself, but issues that are more global. There’s always going to be something at the retail level; first it was e-commerce, then COVID-19. Now we have AI [artificial intelligence], and if that starts taking people’s …

October 13, 2026

Acquisitions Illinois Midwest Retail

Newmark Negotiates $30M Sale of Trophy Retail Property in Downtown Chicago

by Kristin Harlow October 12, 2026

CHICAGO — Newmark has arranged the $30 million sale of Block 37, a 277,654-square-foot trophy retail property located in downtown Chicago. Block 37 comprises five floors of retail space anchored by a mix of tenants including Zara, Sephora, AMC Theatres and The Dearborn, and a four-level underground parking garage. The property is situated within the larger Block 37 mixed-use development that also features residential and office towers. Keely Polczynski and Brian Schneiderman of Newmark represented the seller, CIM Group, in the transaction.

October 12, 2026

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