News: Retail

The Promenade at Casa Grande completes first phase of 1m s/f project

APinal County regional lifestyle destination celebrates the debut of the long-awaited first phase. The Promenade at Casa Grande, at build out, will offer more than a million s/f of shopping, dining and entertainment to previously underserved region. More than 500,000 s/f of the shopping center opened this fall, including Dillard's, Target, Kohl's, JCPenney, PetSmart, Staples and Harkins Theatres. The open-air, phased Promenade at Casa Grande meets the need for retail in Pinal County and brings many first-to-market merchants to the region. The center sits on 130 acres and is strategically situated off one of the state's primary freeway corridors in an emerging hot spot between Arizona's two major metropolitan hubs of Phoenix and Tucson. In addition to this fall's openings, this well-positioned project will deliver other large-format retailers, specialty shops and restaurants in the spring. "This project is part of a long-term strategic plan to bring market-driven retail developments to Arizona," said Art Coppola, president and chief executive officer, Macerich. "The integrated center will serve as a catalyst for economic vitality in Pinal County. It is perfect for the market and serves the needs of the community now and into the future." The project is a result of a partnership between WDP Partners and The Pederson Group, both of Phoenix, and Macerich's Phoenix-based Westcor divisiond.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary