Equity One to buy IRT
Oct 29, 2002, From staff and wire reports
North Miami Beach-based Equity One Inc. and Atlanta-based IRT Property Co. have entered into a definitive merger agreement, whereby Equity One will acquire...
GGP hits record FFO,buys LA mega-mall
Oct 28, 2002, From staff and wire reports
General Growth Properties Inc. (GGP) recorded a 14.6% increase in Funds from Operations (FFO) per share for the quarter ended September 30, 2002, hitting...
Taubman buys outDolphin Mall stake
Oct 28, 2002, From staff and wire reports
As of today, Bloomfield Hills, Mich.-based Taubman Centers Inc. now owns 100% of the Dolphin Mall in Miami, Fla. It acquired Miami-based partner Swerdlow...
It's official:DDR snaps up JDN
Oct 5, 2002, From staff and wire reports
Cleveland-based Developers Diversified Realty (NYSE: DDR) and Atlanta-based JDN Realty Corp. (NYSE: JDN) have entered into a $1.02 billion merger agreement,...
Westcor: A milestone buy for Macerich
Jul 1, 2002, Steve Lewis
Macerich Co. has signaled its intent to join the major leagues of mall developers with its May 30 announcement of a deal to pay $1.475 billion for a collection...
Hines sells in Dallas, bids retail goodbye
Jun 1, 2002, Ben Johnson
Houston-based Hines is selling its last major retail property, the 3.8 million-sq.-ft. Dallas Galleria. The move comes more than two years after Hines...
Macerich fortifies West Coast franchise with Westcor purchase
May 31, 2002, — staff and wire reports
The rumors from ICSC’s 2002 Spring Convention were proved true today when The Macerich Co. officially announced its purchase of Westcor — due to finalize...
SURPLUS PROPERTY: Reviving dark space
May 1, 2002, Beth Mattson-Teig
Retail is struggling to cope with yet another wave of store closings. Large chains including Kmart, Charming Shoppes, The Museum Co. and Frank's Nursery & Crafts are shuttering units because of lackluster sales. Other big names ranging from Toys “R” Us to Albertson's are shedding stores as they revamp market strategies to remain competitive in a challenging economy......
Edens & Avant, Samuels & Associates to buy 40 Konover & Associates shopping centers
Mar 15, 2002, Staff and wire reports
Samuels & Associates and Edens & Avant today announced plans to buy 40 of 60 shopping centers owned by Farmington, Conn.-based Konover & Associates. Most...
Separate companies offer to buy Konover & Associates, Konover Property Trust
Mar 15, 2002, Staff and wire reports
Two different joint ventures today announced bids to acquire most or all of the shopping center assets of Farmington, Conn.-based Konover & Associates...
