Tag Archives: Center

US Shopping Center Demand Falls to Six-Year Low as Store Closures Pile Up

Demand for mall and shopping center space by retailers fell to its lightest level in six years in the first quarter of 2018 as retailers continued to focus on their top-performing locations and shed marginal stores, with announced store closures totaling nearly 100 million square feet so far this year alone. The balancing act was

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Closing of Weakest Stores by Retailers Ultimately Expected to Benefit US Shopping Center Performance

Developers of mixed-use projects such as Sunnyvale Town Center in Silicon Valley, which will include 900,000 square feet of new shopping space, are hoping to tap into continued demand for newer high-end retail properties. The U.S. national retail vacancy rate ticked up 10 basis points for the second consecutive quarter to reach 5.2% in the

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Digital Realty to Acquire DuPont Fabros in $7.6 Billion Data Center Merger

In a blockbuster merger of two top players in the increasingly competitive data center sector, Digital Realty (NYSE: DLR) has agreed to buy DuPont Fabros (NYSE: DFT) in a transaction valued at $ 7.6 billion including debt. Shareholders of Washington, DC-based DuPont Fabros will receive just over half a Digital Realty share per DuPont Fabros

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