Irgang Group Announces New Leases for Retail Properties in Arizona, North Carolina, Georgia and New Jersey, as well as Update on Mixed-Use Building in New York
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. New York continues to bifurcate sharply: trophy office leasing at record rents, commodity Class B in conversion discussions or court-supervised processes. Rent-stabilized multifamily remains supply-constrained and tightly held. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
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On the RET wire
- The 140th New York story tracked on the wire in September 2026. All New York coverage →
- 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
Paris Baguette, Nothing Bundt Cakes to follow newly opened Angie's Prime Grill at the recently acquired Gilbert Gateway Towne Center in metro Phoenix. NYACK, N.Y., Sept. 14, 2026 /PRNewswire/ -- Irgang Group today ann…
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