Mall of the Emirates was the favorite retail center in the United Arab Emirates, a poll found. The center, which has 466 international brands and a ski slope, was followed by Deira City Centre and Dubai Festival City.
Grocery-anchored shopping centers are outperforming the general retail-property market, analysts say. Deals are more competitive, buyers are more able to secure financing, and pricing, though it has dropped somewhat, remains relatively stable.
Oekos Group of Companies acquired Stone House Square in Hagerstown, Md., from Faison for $28.5 million. The 110,000-square-foot shopping center is anchored by Weis Supermarkets and Lowe's Home Improvement store.