Colorado company Lamar Cos. has purchased a shopping center in North Richland Hills, Texas, from a Los Angeles-based private investment company for an undisclosed amount. The 99,331-square foot center was built in 1991.
Al Ruwais, in the United Arab Emirates, will get a two-story shopping center from property development company ALDAR Properties. The city currently has no shopping center, and residents are forced to travel to surrounding cities to shop.
Cencor Realty Services is expanding two of its San Antonio, Texas, properties by adding extra space. The Village at Forum Parkway will add 60,000 square feet, while Culebra Market will add 43,000 square feet.
Europe and Canada are catching the outlet mall bug, opening up outlet stores that contain international and US retail brands. Canadian outlet malls are working on building draws by focusing on building Canadian brands into outlet centers.