Subdued levels of new retail supply over the past decade means lenders have one eye on the sector – and one eye on a potential recession.
Robert Lapidus, L&L president and CIO, says the firm is looking past New York for its next deals.
The agency continues to see the rise of e-commerce as a threat to brick-and-mortar retailers.
Torose Capital targets value-added office, retail and mixed-use following firm launch.
The financing will be used to launch development of a transit-oriented project in East Orange.
Grocery-anchored centers form the base of a 16-property West Coast retail deal.
The Seattle manager this week originated its first mezzanine loans.
The 74-story mixed-use property will be the tallest building in Texas when it comes online in 2026.
The manager will use the financing, arranged by Eastern Union, to acquire regional shopping centers in Ohio, New York and beyond.
Ground-floor retail units are on trend in New York as mixed-use provides greater value.