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Real Estate Trail
Institutional Press Wire
Connect CRE · Retail

Cord Meyer Breaks Ground on Rentals at Bay Terrace Shopping Center

Via Connect CRE · September 16, 2026
Compiled by Real Estate Trail Editorial · September 16, 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. 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

  • Disclosed retail deal value tracked in September 2026: $5.7B across 97 reported transactions. All Retail coverage →

Computed from Real Estate Trail’s own tracked coverage

Excerpt from Connect CRE:
Cord Meyer Development broke ground on its new residential community at the Bay Terrace Shopping Center, which the company developed more than 60 years ago. The $100-million-plus development will bring 145 new rental…
Read the full article at Connect CRE →

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