News

<p>The Gateway shopping center in Salt Lake City, UT, a property holding of Retail Properties of America, Inc., has been experiencing an increasing downturn in performance, leading its parent company to write down the property’s carrying value to $75 million, a reduction of 35 percent.   </p>

<p>The Sears Holdings Corporation has recently announced its intent to redesign and recreate its property holding at the Aventura Mall in Aventura, FL, one of the largest and most successful malls in the United States.</p>

<p>Amazon.com has announced plans to open a sizable retail order fulfillment center in the Chicago area in the upcoming year.  </p>

How does the current year in the world of commercial real estate compare to 2007?

<p>Through the fiscal year 2016, Walmart has a new strategy plan in place.  </p>

<p>British luxury shoe brand Kurt Geiger is planning the opening of a flagship store in London after the brand enjoyed a sales increase of 13% in the third quarter of 2014.  </p>

Westfield’s Stratford City Shopping Center received advice for £750m commercial mortgage-secured refinancing package.

European real estate investment firm Catalyst Capital has bought the Erfy Karree Kerpen retail park in Cologne for a sum amounting to €55 million ($62 million).

<p>Reports from Los Angeles suggest that Apple is planning to establish a flagship store in the city’s downtown Broadway Trade Center.  </p>

The AFI Palác shopping center in Pardubice has changed hands in a deal worth €83 million ($103 million). The purchasing party is Atrium European Real Estate Limited.

The retail complex is located in the northwest of the Slovak capital and has been delivered by Penta Investments.

Redevelopment work in the Grand Central shopping center in Toowoomba will see it almost double in size in the next few years.