Investors are moving in on retail assets in North Carolina's Triangle area. Cary Park Town Center has traded for $15.7 million in the most recent example. During Q2, some $81.2 million in retail assets were sold, according to Real Capital Analytics -- a 186% increase.
Landlords in the most high-end retail districts have seen their fortunes rebound from lows associated with economic downturn over the past couple of years. Rents and purchases in top destinations such as New York's Fifth Avenue and Beverly Hills' Rodeo Drive rose during the first half of 2011.
Turkish developers are increasing their presence in retail markets throughout Europe, Central Asia and Africa, building new shopping centers. They are also exporting more local brands to these markets as the number of their retail centers increase. Because of the price differential, it is working for them, says Ahmet Coskun, chairman of Turkey's Confederation of Businessmen and Industrialists.