retail

The Newark-based manager has been refinancing sizable portfolios and tacking on more concentrated one-off deals to fuel momentum.

Puente Hills Mall, a roughly 56-acre mall in the City of Industry, California which is best known as a filming location in Hollywood blockbuster Back to the Future, is set to undergo a major redevelopment.

Tishman Speyer purchased 422 Fulton Street, a Brooklyn mixed-use property housing a Macy’s department store, in 2015.

The Houston-based REIT believes secular shifts are driving momentum around smaller retail assets.  

Goldman Sachs’ newly originated loan on the retail component of 680 Madison Avenue in New York demonstrates the changing opportunity set for the sector.

The financings come at a time when few lenders have been funding construction loans.

Hines and Urban Street Development will use the financing for the first phase of a multifamily, office and retail project.

Cushman & Wakefield is marketing Hawthorne Mall as a potential large-scale redevelopment play with the potential for seller financing.

As the retail apocalypse ends, the office Armageddon begins, says Toby Cobb, co-founder of the national real estate investment trust. 

The firm is launching the deal at a time when segments of the retail sector are showing signs of resilience.