Taylor Morrison Purchases Kirkland Site for $27M, Plans Townhomes Development
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: $3.9B across 63 reported transactions. All Retail coverage →
Computed from Real Estate Trail’s own tracked coverage
National homebuilder Taylor Morrison has purchased Rose Hill Village, a vacant shopping center in Kirkland, for $27 million to build townhomes. The new townhome development will be called Rose 85, and the project is s…
External link. Real Estate Trail does not republish source content.
Related coverage — Retail
New Westside shopping center breaks ground, targets 2027 opening
News | Planet Fitness replaces shuttered discount store at Birmingham shopping center
Shopping Center in West Mifflin hits the market for first time in 20 years
Blaine shopping center sells for $45.8M, 32% more than 2021 price
Key Mortgage hires Kevin Christopher as SVP of production
Christopher ran retail mortgage sales across 17 states at JPMorgan Chase’s central division