Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)
Issue link: https://sct.epubxp.com/i/122387
TMG PArTnerS And rockwood cAPiTAl Sold The 270,000-SquAre-fooT eMeryville (cAlif.) PuBlic MArkeT To AnGelo Gordon And ciTy cenTer reAlTy PArTnerS. sHoPPiNg sPree R a variety of investors are snapping up u.s. retail properties By Steve Bergsman " etail is back." so said Margaret caldwell, a managing director of retail capital markets at Jones lang lasalle. "we are busier now than we have been in the past six years," caldwell said. "Now when we go out for calls, it's more like 2005– 2006, where we are getting multiple offers." indeed, U.s. retail real estate deal volume surged in the fourth quarter, to $18.4 billion, nearly twice the previous quarter's volume, and up 54 percent from a year earlier, according to real capital analytics. on the strength of that quarter, retail property sales for full-year 2012 hit $52.8 billion, up 20 percent from 2011. "retail is becoming more of a highly favored class [among] institutional investors," said anthony F. buono, executive managing 196 SC T / M a y 2 0 1 3