Macerich In Default On Almost $400M In Mall Debt
Macerich defaulted on $399M in mall loans as it rebalances its portfolio, sheds underperforming assets and renovates key shopping centers.
Net lease news
Tuesday, November 10, 2026
Top stories
Marcus & Millichap Brokers $14.6M Sale of Shopping Center in Matawan, New Jersey
Kimco Realty Completes $295M Acquisition of Louisville Retail Centers
A&C Properties Sells Grocery-Anchored Retail Portfolio in Arizona for $108.7M
CHANDLER, CAVE CREEK, GILBERT, MESA AND TUCSON, ARIZ. — A&C Properties Inc. has completed the sale of Arizona Grocery Portfolio, a grocery-anchored retail portfolio in Phoenix and Tucson, to 11North Partners for $108.7 million.
Trader Joe’s to Open 13,500 SF Store at Avenue One in West Omaha
OMAHA, NEB. — Trader Joe’s will open at Avenue One, a mixed-use destination along the Dodge Expressway in West Omaha. The grocery store will span 13,500 square feet.
United Properties Acquires Two Retail Centers in Iowa, Ohio for $34.4M
DAVENPORT, IOWA AND MANSFIELD, OHIO — United Properties Corp. has acquired two retail centers in Iowa and Ohio for a total price of $34.4 million. The company now owns more than 10 million square feet. Village Shopping Center in Davenport totals 233,100 square feet.
EXCLUSIVE: Owners Get £168M Blackstone Loan For Shopping Centre As Value Surges by £100M
Silverburn Glasgow refinanced with a £168M Blackstone loan as its value jumped to £250M on higher occupancy and record 2025 footfall.
Deals
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JLL Arranges $21.2M Sale of Publix-Anchored Shopping Center in Dahlonega, Georgia
DAHLONEGA, GA. — JLL has arranged the sale of Dahlonega Village, a Publix-anchored shopping center located at 23 Maxwell Lane in Dahlonega, which sits 65 miles northeast of Atlanta. A private investor purchased the property from Watkins Real Estate Group for $21.2 million.
Weitzman Buys 51,933 SF Shopping Center in Helotes, Texas
HELOTES, TEXAS — A limited partnership managed by Weitzman has purchased Helotes Plaza, a 51,933-square-foot shopping center located on the northwestern outskirts of San Antonio.
Dorsey Development Adds Gulf Breeze Retail Center to Gulf Coast Holdings
Exposition Properties sold Live Oak Shopping Center to Dorsey Development for $14 million. The 107,065-square-foot retail center is located at 1151 Gulf Breeze Parkway in Gulf Breeze, FL. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller.
Wereldhave Sells €63M Shopping Center To French Investor
Wereldhave sells Eggert Center to Transitions Europe in a €62.8M deal.
Tenants & leasing
All tenants & leasing →
Harborcrest Industrial Signs 74,421 SF Lease in East Dallas
DALLAS — Harborcrest Industrial has signed a 74,421-square-foot lease in East Dallas.
Two New Retail Tenants Open at Dadeland Station in Miami
MIAMI — Two new anchor retail tenants have opened at Dadeland Station, a 350,000-square-foot, three-level retail power center located in Miami, just east of the Dadeland Mall. Burlington opened in August, followed by Marshalls in September.
Dhanani Private Equity Group Welcomes New Tenants to San Antonio Shopping Center
SAN ANTONIO — Dhanani Private Equity Group, a Houston-based owner-operator, has welcomed several new tenants to the 635,000-square-foot Park North Shopping Center in San Antonio.
Connolly Unveils First Wave of Tenants at Publix-Anchored Shopping Center in Metro Atlanta
WOODSTOCK, GA. — Connolly has unveiled its first wave of tenants at Woodstock Mill District, a 118,000-square-foot shopping center underway in downtown Woodstock, roughly 30 miles northwest of Atlanta.
Rates & lending
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Cronheim Mortgage Arranges $70M Acquisition Loan for Long Island Shopping Center
COMMACK, N.Y. — New Jersey-based intermediary Cronheim Mortgage has arranged a $70 million acquisition loan for the 221,000-square-foot Mayfair Shopping Center in Commack, located on Long Island. Built in 1958, the center was 99 percent leased at the time of sale.
Lee & Associates Arranges $5.5M in Financing for Retail Building in Portsmouth, New Hampshire
PORTSMOUTH, N.H. — Lee & Associates has arranged $5.5 million in financing for an 11,000-square-foot retail strip center in Portsmouth, located near the Maine-New Hampshire border. The building at 1303 Woodbury Ave.
Lee & Associates Arranges $5M Acquisition Loan for Retail Strip Center in Rumford, Rhode Island
RUMFORD, R.I. — Lee & Associates has arranged a $5 million acquisition loan for a 13,000-square-foot retail strip center in Rumford, located northeast of Providence.
Slatt Capital Arranges Life Company Refi for Palm Springs Retail
Slatt Capital arranged a $12,000,000 refinance for Gene Autry Plaza, a 60,629-square-foot multi-tenant retail property located in Palm Springs. Built in 2009, the property was financed through a life insurance company with a five-year term and 30-year amortization schedule.
1031 & tax
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1031 Deadline Means Fast Closing on Lynwood Retail Center
Hanley Investment Group Real Estate Advisors represented the buyer in the acquisition of a Walgreens‑anchored, 39,146‑square‑foot center located at 10901–10927 Atlantic Ave. and 4351 E. Imperial Hwy.
Fully Leased Temecula Retail Sells in 1031 Exchange
Progressive Real Estate Partners SVP Greg Bedell represented a private Los Angeles-based investor in the acquisition of an 8,781-square-foot multi-tenant retail building located at 32435 Temecula Pkwy. within Vail Ranch Plaza for $6,555,555.
ARCTRUST Acquires Seven Triple-Net Properties for DST Offering
ARCTRUST Private Capital acquired a seven-property, single-tenant net lease portfolio comprised of two Pinnacle Bank locations, three CVS Pharmacy locations and two NAPA Auto Parts locations across six states.
1031 Buyer Acquires Single-Tenant Pads in Murrieta
Hanley Investment Group Real Estate Advisors arranged the $6.9-million sale of two adjacent single‑tenant pads leased to Quick Quack Car Wash and Popeyes in Murrieta. The transaction closed before Popeyes commenced construction and opened for business.
Development
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Midland Atlantic Underway on Grocery-Anchored Retail Property in Hebron, Kentucky
HEBRON, KY. — Midland Atlantic Properties is underway on construction of The Shoppes at Hebron Pointe, a 93,875-square-foot retail property located at the corner of Graves Road and Worldwide Boulevard in Hebron, about two miles south of Cincinnati/Northern Kentucky International…
Hollingsworth Cos. to Break Ground on 150-Acre Industrial Park in East Tennessee
SWEETWATER, TENN. — The Hollingsworth Cos. plans to break ground on SouthPoint Business Park, a 150-acre industrial park in Sweetwater, a city in East Tennessee located in Monroe and McMinn counties.
Construction Starts on Whole Foods-Anchored District at Black Rock in Collegeville
Hightop Development has broken ground on a 28-acre Montgomery County mixed-use center that is 89% preleased to Whole Foods and other national retail tenants.
Agora Realty Completes Construction of 90,750 SF Grocery-Anchored Retail Center in North Las Vegas
LAS VEGAS — Agora Realty has completed construction of Hylo Park South, a 90,750-square-foot grocery-anchored retail center located in North Las Vegas.
10-year Treasury
4.86%▲ 73 bps
Nov 6, 2026 · FRED DGS10 · End-of-day, not a live quote
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
The Boulder Group Net Lease Research Report, Q2 2026 · Jun 30, 2026. Gold ticks mark the prior quarter when that change is stored.
NNN Numbers
Rates and sourcesWeekly market figures. Each number keeps the date and source it was saved with.
| Property type | Relative level | Cap rate | Change |
|---|---|---|---|
| NNN median ask (Boulder, Q2 2026) | 6.82% | +2 bps | |
| Retail cap | 6.60% | +5 bps | |
| Industrial cap | 7.25% | +10 bps |
The Boulder Group Net Lease Research Report, Q2 2026 (published Jun 30, 2026). Quarterly.
10Y Treasury
4.86%
+2 bps vs Nov 5, 2026
2Y Treasury
4.51%
+5 bps vs Nov 5, 2026
Fed funds
3.88%
0 bps vs Nov 5, 2026
30Y mortgage
7.18%
-6 bps vs Oct 29, 2026
Baa spread
271 bps
-1 bps vs Sep 1, 2026
Spread vs 10Y
196 bps
Deal Sheet
All sourced deals$295M
Connect CRE$31M
Connect CRE$30.25M
Connect CRE$14M
Connect CRE$90.3M
Connect CRE$9.65M
Connect CRE
News by sector
Sector pagesCalculators
All 23 calculators →Cap RateDetermine capitalization rate from NOI and property value.NOICalculate net operating income from revenue and operating expenses.Cash-on-CashCalculate the annual return on cash invested in a property.DSCRDetermine the debt service coverage ratio for loan qualification.IRREstimate the internal rate of return over the hold period.Loan PaymentCalculate monthly mortgage payments including principal and interest.Loan-to-ValueCalculate LTV to see leverage and loan eligibility.Rent EscalationProject future rent payments with annual escalation rates.
Partner toolScreen a full deal with ScoreOMPull the numbers out of an offering memorandum.CRE Learning Center
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NNN InvestingNNN Investment Strategy for Individual Investors
You don't need institutional capital to build a profitable NNN portfolio. This guide covers entry strategies, portfolio construction, financing, and scaling for investors deploying $200K to $5M.
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NNN InvestingSale-Leaseback Transactions Explained: How NNN Investors Benefit
Sale-leasebacks let businesses unlock real estate equity while investors acquire properties with built-in tenants. Here's how the structure works, who uses it, and what investors should watch for.
13 min read
NNN InvestingHow to Find and Buy NNN Properties: A Step-by-Step Guide
Finding quality NNN deals means knowing where to look, how to underwrite them, and when to walk away. This guide covers the full acquisition process from sourcing to closing.
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NNN InvestingWhat Is a Triple Net Lease? The Complete NNN Guide for Investors
A triple net lease shifts property taxes, insurance, and maintenance costs to the tenant. This guide covers how NNN leases work, why investors favor them, the different lease structures, typical tenants, and how to evaluate NNN deals.
12 min read
Market TrendsWill Corporations Build Their Own Edge Data Centers for AI?
Analysis of whether enterprises will self-build edge AI data centers or rent from providers. Covers deployment models, cost ranges ($9.3M-$15M/MW), adoption scenarios through 2030, and implications for powered-land investors.
25 min read
Property TypesStrategies for Adding Value in TripleNet Lease Properties
Investing in triple-net (NNN) properties offers stable, passive income, but real value comes from strategic improvements.
4 min read