Eggs Up Grill opens location at Belle Hall Shopping Center in Mount Pleasant
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
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Related coverage — Retail
Photos: Westland Shopping Center opened in Westland in 1965. The city is eager to see the property redeveloped as the mall has been in decline for years. See link below ⬇️ 📸 Jamie LaReau, Detroit Free Press
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