Articles from Pacific Retail Capital Partners

Pacific Retail Capital Partners (“PRCP” or the “Company”), a Los Angeles-based owner of retail properties dedicated to evolving real estate for the next generation, today announced it is extending its ‘M-All Hands On Deck’ philanthropic campaign to include the ‘A Love Letter to LA’ initiative it is launching to help lift up the spirits of the thousands of individuals and families impacted by the historic wildfires in Los Angeles. Starting today, PRCP’s portfolio of retail centers will be posting directions in common spaces and on social media encouraging everyone – including all malls/shopping centers and office buildings – to share words of encouragement from their own accounts and tag #LoveLettersToLA and #MallHandsOnDeck or adjust the campaign to suit their own respective needs.

Pacific Retail Capital Partners ("PRCP" or the "Company"), one of the nation's premier retail operating groups of large open-air and enclosed shopping centers, today provided a recap of its business activities in 2024, highlighting the Company's continued success in evolving real estate for the next generation through mixed-use transformational projects, hands-on property management, strategic leasing upgrades and property transactions.

Pacific Retail Capital Partners (“PRCP” or the “Company”), one of the nation's premier retail operating groups, and Synergy Construction (“Synergy”), a Chicago-based privately held development and construction firm, are excited to announce that they have broken ground on their transformational redevelopment at Yorktown Center (“Yorktown”) in Lombard, Illinois, a suburb of Chicago. PRCP and Synergy are in the process of demolishing the former Carson’s anchor box, which will serve as the centerpiece of the dynamic, integrated lifestyle hub that they are developing on the 12-acre parcel.

Pacific Retail Capital Partners (“PRCP” or the “Company”), one of the nation's premier retail operating groups, today announced that together with its joint venture partners, Starwood Property Trust (“Starwood”) and Taconic Capital Advisors LP (“Taconic”), it has acquired Kings’ Shops located in Waikoloa, Hawaii. The acquisition of the nearly 70,000 square foot luxury resort retail destination marks the second asset in PRCP’s portfolio in Hawaii. The Company also manages Queen Kaʻahumanu Center in Maui and has been actively involved in shaping the future of that property to solidify its position as one of the most vibrant and exciting family-friendly retail destinations on the island.

Pacific Retail Capital Partners ("PRCP"), one of the nation's leading retail real estate development, investment, management and advisory firms focused exclusively on evolving retail-led real estate, is pleased to announce that the rezoning application submitted in conjunction with LNR Partners, LLC (“LNR”) to the Maui County Council on behalf of the owner of Queen Kaʻahumanu Center in Maui, Hawaii, was unanimously approved. PRCP is the property manager for Queen Kaʻahumanu Center and collaborated with LNR, the CMBS special servicer for the property’s owner, to submit the application.

Pacific Retail Capital Partners (“PRCP” or the “Company”), one of the nation's premier retail operating groups, today announced the launch of its 'M-All Hands on Deck' campaign, a comprehensive initiative designed to support communities in need across the country. PRCP has selected several widely-respected non-profit humanitarian organizations who are actively involved in disaster relief efforts to serve as the beneficiaries of all funds raised this year.

Pacific Retail Capital Partners ("PRCP"), one of the nation's leading retail real estate development, investment, management and advisory firms focused exclusively on evolving retail-led real estate, today announced the strategic sale of The Shops at South Town in Sandy, Utah to Smith Entertainment Group (SEG), a sports, entertainment, real estate, and technology investment group. SEG plans to develop a state-of-the-art practice and training facility for their new National Hockey League (NHL) franchise, Utah Hockey Club, on the 111-acre site to create the ultimate mixed-use destination.

Pacific Retail Capital Partners (“PRCP or the “Company”), one of the nation's premier retail operating groups, is excited to continue its excellence at ICSC’s Global MAXI ceremony, winning four awards at the 2024 competition. PRCP received three Gold and one Silver MAXIs, across multiple categories, bringing the total number of MAXIs it has won in its history to 27.

Pacific Retail Capital Partners (“PRCP” or the “Company”), one of the nation’s leading retail real estate development, investment, management and advisory firms focused exclusively on evolving retail-led real estate, today provided a recap of its business activities in 2023.

Pacific Retail Capital Partners (“PRCP” or the “Company”), one of the nation’s leading retail real estate development, investment, management and advisory firms focused exclusively on evolving retail-led real estate, today announced its acquisition of The Shops at Palm Desert, a nearly one-million square foot traditional, enclosed shopping mall situated in the heart of Coachella Valley in Palm Desert, a vibrant and thriving city in Southern California.

In what would be the largest conversion of an enclosed shopping mall into open space, mixed-use residential and retail in the New York Metropolitan Tri- State Region, Pacific Retail Capital Partners (PRCP), The Cappelli Organization, SL Green Realty Corporation, and Aareal Bank, owners of The Galleria at White Plains presented a plan to the White Plains Common Council. A key first step for the visionary redevelopment, spanning multiple city blocks in the heart of Downtown White Plains.

Pacific Retail Capital Partners (“PRCP” or the “Company”), one of the nation’s leading retail real estate development, investment, management and advisory firms focused exclusively on evolving retail-led real estate, today announced it has assumed management and leasing responsibilities at Park Place in Tucson, Arizona. Park Place is a 1.1 million square foot fashion and entertainment destination, and marks PRCP’s first property under management in Arizona.

Pacific Retail Capital Partners (“PRCP”), one of the nation’s leading real estate investment, management and advisory firms focused exclusively on evolving retail real estate, today announced the launch of #ExtendAloha, a dedicated campaign to raise awareness and funds for those impacted by the devastating fires that broke out on August 8, 2023 in Lahaina, Hawaii, a historic town located on the island of Maui. The campaign seeks to spread Aloha – Hawaiian for love – far and wide, by asking those around the country to wear “Aloha” or floral-patterned shirts each Friday going forward and by encouraging contributions to DTL Foundation’s dedicated Maui Fire Relief Fund, in which PRCP has committed to matching the first $10,000 raised.

Pacific Retail Capital Partners (“PRCP” or the “Company”), one of the nation’s leading retail real estate development, investment, management and advisory firms focused exclusively on evolving retail-led real estate, today announced that from January 1, 2023, to June 30, 2023, it signed more than 1.4 million square feet of new leases. The agreements, which include a combination of new leases and renewals, reflect the significant value that nationally recognized and up-and-coming brands see in partnering with PRCP and being part of its mission to evolve real estate for the next generation.

Pacific Retail Capital Partners (“PRCP” or the “Company”), one of the nation’s leading retail real estate development, investment, management and advisory firms focused exclusively on evolving retail-led real estate, is proud to announce its success in the 2023 ICSC Global Awards competition, the most distinguished awards program for professional excellence in the marketplaces industry.

Pacific Retail Capital Partners (“PRCP” or the “Company”), one of the nation’s leading retail real estate development, investment, management and advisory firms focused exclusively on evolving retail-led real estate, today announced its entry into New Jersey with the acquisition of Bridgewater Commons, a 1.2 million square foot mall located in Bridgewater, New Jersey. The acquisition includes The Village at Bridgewater Commons, a unique 94,000 square foot open air shopping district adjacent to Bridgewater Commons.

Pacific Retail Capital Partners (“PRCP”), one of the nation’s leading real estate investment, management and advisory firms focused exclusively on evolving retail real estate, today provided a recap of its business activities in 2022.

Pacific Retail Capital Partners (“PRCP” or the “Company”), one of the nation’s leading real estate investment, management and advisory firms focused exclusively on evolving retail real estate, is excited to announce the launch of an Architectural Design Studio and relocation of its corporate headquarters to Century City in Los Angeles. These strategic business developments serve to fuel PRCP’s continued growth while enhancing its value proposition through the expansion of its in-house capabilities.