Devonshire REIT buys Erie Commons for $18.35M

Devonshire REIT has acquired an open-air shopping center, Erie Commons, for $18.35 million in the Cleveland area. The center is anchored by Burlington Coat Factory and Jo-Ann Stores and was sold by an investor group led by Joseph G. Padanilam. This is the REIT’s second local investment in a retail asset. Read the Crain’s Cleveland Business story here

Industry News

Vendor News

Norco Constr. promotes Erik Rappel to COO

General contractor, construction manager and design/builder Norco Construction promoted Erik Rappel to Chief Operating Officer. He most recently served as Norco’s Vice President of Operations, after originally joining the firm in 2017

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Vendor New Products

BITEC Expands Imperflex Line with New Base Sheet

BITEC, Inc. will be introducing its Imperflex® SA2 two-square self-adhered base sheet at the International Roofing Expo (IRE) in February, in response to contractor requests for a two-square option for installing BITEC’s popular Imperflex self-adhered

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