Industry News
Rite Aid Closes Last Remaining Locations Nationwide
Earlier this year, Rite Aid had announced plans to sell more than 1,200 locations nationwide as part of its bankruptcy process.
JLL Secures $115M Financing For Three Distribution Centers In Hardeeville, South Carolina
The three-building portfolio totals roughly 1.3 million square feet and is currently 87 percent leased.
Retail Demand In Myrtle Beach Stays Negative As Vacancy Stays Low
While absorption remained slightly negative in the second quarter at -15,000 square feet, that’s a major improvement over the -352,000 square feet recorded previously. A low vacancy rate—now just 2% after improving by 12 basis points—helped keep the market relatively stable.
Accordia Continues Sun Belt Expansion With North Charleston Industrial Portfolio Acquisition
“This asset is a strategic acquisition for us, as it expands our southeast platform into a new region and state; and allows us to keep connecting the portfolio up and down the eastern seaboard,” said Jason Bogart, Principal, Accordia. “A year ago, we put our new acquisition program into place and it’s been working exactly as planned, this is our sixth closing in less than 12 months as we close in on our goal of $100MM in new deals by year end.”
Store Closures Remain Challenging While Fast Leasing, Investor Demand Steal The Spotlight
A new industry report highlights a retail market where rising vacancies are tempered by faster backfilling—helping landlords maintain stability as tenant demand softens.
5 Commercial Real Estate Trends To Watch
Market shifts and evolving demand are creating new avenues for investors who are ready to act quickly and strategically.