Macy's added two new stores located within regional shopping centers, Westcor's Estrella Falls in Goodyear, and SanTan Village in Gilbert, Ariz.
The 120,000 s/f Macy's will open April 2009 at SanTan Village, which opened its first phase in fall 2007.
At Estrella Falls, the 120,000 s/f Macy's will open in fall 2010.
Ansonia CT Saugatuck Commercial Real Estate (SCRE) represented Investor Michael Berkowitz in the $8.3 million purchase of Ansonia Landing Shopping Center from a KIMCO-led Partnership. The 91,447 GLA shopping center is located at 100-172 Division St.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.