Business Deals
Las Vegas Walgreens Garners a Record-Breaking $1,736 Per SF Price
May 15, 2012, Staff Reports
The triple net lease features a 10 percent rent increase every 10 years....
Bed Bath, Cost Plus Deal is a Surprise, But a Pleasant One
May 10, 2012, By Elaine Misonzhnik, Senior Associate Editor
The deal should help Bed, Bath & Beyond diversify into new merchandise categories....
HFF Secures $60M Loan for Next Phase of Southlake Town Square
May 8, 2012, Staff Reports
Phase V will feature 310,711 sq. ft. of space....
Cole Buys 121,000 SF of Retail from Vornado in $23.2M Transaction
May 1, 2012, Staff Reports
The deal involved properties in Florida and California....
Marcus & Millichap Closes $19M Shopping Center Sale in New Jersey
Apr 16, 2012, Staff Reports
The institutional grade shopping center features ShopRite as its anchor tenant....
Walker & Dunlop Arranges $90M Loan for Hunt Valley Towne Center
Apr 10, 2012, Staff Reports
Wegman's Food Market anchors the property....
Kimco Buys Partial Interest in Ottawa Shopping Center for $16.5M
Mar 26, 2012, Staff Reports
The center is part of Kimco’s new joint venture with the center’s existing owner, North American Property Group....
DDR Buys Brookside Marketplace in Illinois for $47.4M
Mar 19, 2012, Staff Reports
The center is anchored by Best Buy, Dick's Sporting Goods and Old Navy....
Simon to Conduct Common Stock, Senior Notes Offerings to Pay for Mills, Klepierre Transactions
Mar 12, 2012, Staff Reports
The common stock offering will include 7,000,000 shares and the senior unsecured notes offering $1.5 billion....
Rouse Properties Buys its First Mall
Feb 28, 2012, Staff Reports
The company bought Grand Traverse Mall in Michigan....
Rouse Becomes Independent
Jan 17, 2012, Staff Reports
Rouse started trading on the New York Stock Exchange as a REIT that specializes in class-B malls....
Whitestone REIT Buys Phase I of Pinnacle of Scottsdale for $29M
Dec 27, 2011, Staff Reports
Whitestone REIT buys its fifth community center in North Scottsdale area....
General Growth Refinances Malls in New York and Boise
Sep 19, 2011, Staff Reports
General Growth Properties Refinanced Existing Mortgages on State Island Mall and Boise Towne Square....
Inland, Morgan Stanley Continue JV Trend
May 2, 2007
Inland Western Retail Real Estate Trust Inc. entered into a definitive agreement to form a $1 billion joint venture with an unnamed pension fund advised by Morgan Stanley Real Estate. ...
Mills Gives Simon Green Light, Brookfield Deadline
Feb 14, 2007
After struggling for a year to find a buyer, Mills Corp. on Tuesday moved closer to accepting its second buyout offer in less than four weeks. ...
Mills Reached Deal as Debt Deadline Loomed
Jan 18, 2007, Matt Hudgins
Mills Corp.'s decision to accept a $7.5 billion buyout offer from Toronto-based Brookfield Asset Management Inc., including cash and assumption of debt, came as a March 31 deadline to pay pack a $1.06 billion mortgage loan from lenders represented by Goldman Sachs Mortgage Co.was creeping closer...
BUSINESS DEALS
Dec 1, 2006
George Smith Partners, Inc. arranged a $47.5 million permanent loan for One West Side, a 92,729-square-foot retail property in West Los Angeles. ...
EDITOR'S LETTER: Shaking the Rafters
Dec 1, 2006, David Bodamer
Mergers and acquisitions are the way of the business world. But some deals mean more than most not just because of their dollar amount, but because of what they represent....
Wal-Mart Watch
Dec 1, 2006
China's Ping An Insurance Group entered a $127.1 million joint venture to develop shopping centers that will be anchored by Wal-Marts. ...
GE Capital and Trustreet: Two Trends in One
Nov 1, 2006, Elaine Misonzhnik
Two trends converged Monday with the announcement of the proposed $3 billion acquisition of Trustreet Properties, a net lease REIT that specializes in restaurant properties, by the Franchise Finance division of GE Capital Solutions....
DDR's Sunshine Deal
Nov 1, 2006, Riccardo A. Davis
In late October, Developers Diversified Realty Trust, sprung on the largest retail real estate deal in two years by reaching an agreement to purchase Inland Retail Real Estate Trust Inc....
Mills Wild Ride Continues
Aug 16, 2006
Mills’ shares are down 78 percent from last September, when Mills first revealed accounting troubles and an SEC investigation....
Wal-Mart Hits Global Pothole
Aug 2, 2006, By Elaine Misonznik
To all the retailers that compete with Wal-Mart the news that it is giving up on its eight-year struggle to conquer the German market may induce a bit a schadenfreude—sometimes even the behemoth of Bentonville doesn’t stroll into town and pick up all the marbles. ...
Voting Independent
Aug 1, 2006
Macerich Corp. is working with Landmark Theatres to create the largest independent film center in the U.S. at its Westside Pavilion property in Los Angeles....
JUNE BUSINESS DEALS
Jun 1, 2006
Simon Property Group, Inc. completed an offering of $800 million of senior notes by its operating partnership subsidiary, Simon Property Group, L.P. The...
