Retail Real Estate's 2010 in Review
Dec 28, 2010 2:07 PM, By David Bodamer
| Click below to see that month's recap. | |||||||||||
| Jan. | Feb. | Mar. | Apr. | May | Jun. | Jul. | Aug. | Sep. | Oct. | Nov. | Dec. |
December
After failing in its bid to take over General Growth Properties earlier in the year, Simon Property Group sets its sights on a new target: Britain's Capital Shopping Centres.
Simon, which already owns a stake in Capital, first challenges Capital's proposed acquisition of the Trafford Centre. It sends a series of letters and then offers $4.8 billion for the company. Capital rejects Simon’s bid. British regulators give Simon a deadline of Jan. 12 to come up with a legitimate offer.
November same-store sales come in strong, growing by about 6 percent. The results boost expectations for the holiday shopping season.
GGP CEO Adam Metz, president Thomas Nolan leave the company post reorganization.
Vestar Development and Rockwood Capital buy out Arizona’s Tempe Marketplace from a business partner for $280 million in what may be the largest single-property retail transaction of the year.
Charter Hill Retail REIT sells a 60 percent stake in its U.S. portfolio to Desco Group and Regency Centers for $168 million.
Mall owners get savvier about instituting teen curfews at their properties.
Retailers compete with real estate investors for big box assets.
Inland, Centro subsidiaries form a joint venture to invest in shopping centers.
The industry forecasts more store openings and fewer closings in 2011.
The mood turns positive at ICSC’s New York conference in December.
Borders’ shareholder Bill Ackman proposes a merger between his chain and Barnes & Noble.
We take a stab at comparing three major commercial real estate indexes and how they work.
Mall of America owner Triple Five Group signs an agreement to take over Xanadu Meadowlands in New Jersey.
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