Retail centers in the Jacksonville, Fla., area are learning to attract non-retail tenants to fill their space. There are 43 businesses in three area retail centers, but only four actually sell products such as sportswear or jewelry. The rest are service providers.
London is receiving more global real estate capital investment than New York, Tokyo and Moscow combined, according to comments made by
Joseph Kelly, director of market analysis at Real Capital Analytics, at the ICSC-Thomson Reuters Global Retail Real Estate Forum in London. Another popular market in Europe is Germany, according to Robert Bonwell, CEO of EMEA retail at Jones Lang LaSalle. The U.K. and Germany are receiving the majority of investment funds in Europe.
The planned redevelopment of Skyland Shopping Center in the District of Columbia has come at a price -- city officials spent at least $1 million in legal costs on its use of eminent domain to force out business owners that did not want to sell. The city is within weeks of having control over all the necessary parcels at Skyland.