US commercial property market

New reporting indicates a growing divide in the US commercial property market, with higher-priced properties losing ground while other segments hold up better. The widening split points to uneven demand across price tiers, reflecting diverging investor appetite and performance between premium assets and the rest of the market.

Retail real estate investment trust EDENS has acquired a shopping center in the San Diego area, according to CommercialSearch. The purchase adds to the company's portfolio of open-air retail assets in coastal US markets. No purchase price or property details were disclosed in the initial report.