10Y UST4.98%+2.05%30Y MTG7.11%-0.97%SOFR3.90%+0.26%VNQ$96.23-0.22%XLRE$44.24-0.27%FED FUNDS3.88%
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REJournals · Minneapolis · Retail

Chicago TREND closes sale of Minneapolis’ Hawthorn Crossings Shopping Center

Via REJournals · September 28, 2026
Compiled by Real Estate Trail Editorial · September 28, 2026

Why this matters

Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. Minneapolis medical office and industrial continue to outperform. Multifamily supply has cooled meaningfully entering 2026 and concessions are now retracing. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

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