Retail Midwest

Westwood Financial buys $22M retail center in Chicago area

Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., has purchased Sanders Court Shopping Center in Northbrook, Ill., for $22 million. The 136,219-square-foot retail center currently is 99-percent leased and represents another in a string of strong investment opportunities Westwood Financial has seized in recent months.

Retail W Minnesota

Retail showing promise in Minneapolis-St. Paul

Consumers in Minneapolis-St. Paul prefer smaller homes close to job centers these days. And this has helped boost at least a modest recovery in the retail sector in the Twin Cities' inner-ring suburbs and core areas, according to a recent report from Marcus & Millichap Real Estate Investment Services.