The 2026 Retail Forecast: Not Too Different from 2025

The pandemic’s aftermath saw yet another prediction of retail’s demise. But fast-forwarding half a decade, and retail has been a robust commercial real estate asset class. Despite the current K-shaped economy, shopping cutbacks from lower-income households and uncertain consumer sentiment, experts told Connect CRE that the sector …

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West Coast Center Developer Expands Its Presence in Chicago

Calabasas, Calif.-based NewMark Merrill, the bulk of whose outdoor centers are found in California and Colorado, has acquired its eighth center in Chicagoland. It has picked up the 179,000-sq.-ft. Lake Meadows Shopping Center on Chicago’s South Side, anchored by Jewel-Osco, LA Fitness, Foot Locker, and CVS. NewMark Merrill has plans to upgrade the center, including improvements to …

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BisNow: The Chicago Deal Sheet

The Chicago Stars, the city's National Women’s Soccer League club, released plans for a new team performance center and operations hub set to open in suburban Bannockburn in 2027.  The performance center will feature two full-size soccer pitches and a goalkeeper-specific pitch. The 45K SF adaptive reuse building will …

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NewMark Merrill Acquires Chicago-Area Shopping Center

NewMark Merrill Companies, Inc. has acquired Lake Meadows Shopping Center, a 179,106-square-foot grocery-anchored retail center located on 16 acres on the corner of South Martin Luther King Drive and East 35th Street in Chicago, from Draper and Kramer. The center is anchored by Jewel-Osco, LA Fitness, Foot Locker, CVS …

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Newmark Merrill Companies Acquires 179,106 SF Lake Meadows Shopping Center in Chicago & Refinances Its Winston Plaza Center in Melrose Park, IL for $36 Million

Company currently owns and/or operates eight retail centers in Chicago area totaling 1.6 million square feet NewMark Merrill Companies, Inc., a Calabasas, California-based retail shopping center owner and development company, is pleased to announce it has acquired Lake Meadows Shopping Center, a 179,106-square-foot grocery anchored retail center located on 16 acres on the corner of South Martin Luther King …

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