Retail commercial real estate news and analysis.
State legislators have reintroduced a measure aimed at extending rent stabilization protections to commercial tenants, potentially reshaping the landscape for small businesses and property owners alike.
TMG Partners assumed the ground lease on the four-story Metreon shopping center in downtown San Francisco, a 92% leased property previously assessed at $150.7 million, with plans to rebrand the fourth-floor event space.
Chicago's retail vacancy rate has fallen to 4.9% — near a 30-year record low — with Gold Coast rents topping $300 per square foot and Southport corridor hitting zero vacancy, even as downtown corridors continue to struggle.
From the 83-acre Westminster Mall redevelopment to Warner Center's affordable housing transformation, developers across Los Angeles are converting underperforming retail into mixed-use communities.
