Retail
Thor Equities Adds to Manhattan Footprint with $590M Deal for 530 Fifth Ave.
The sale price is $200 million more than Rockwood Capital, Jamestown, Murray Hill Properties and Crown Acquisitions paid when the building last traded in January 2012.
Zephyr Partners Plans $250M High-Rise Development on Full Block in Downtown San Diego
Zephyr Partners is planning a $250 million mixed-use development in one of the last remaining full blocks of available property in the city’s downtown.
Patrinely Group, CDC Houston and USAA Real Estate Team on 60-Acre Houston Mixed-Use
CityPlace will integrate more than four million square feet of Class A office space located above ground floor retail, luxury multi-family and a full-service hotel.
Starwood Retail to Buy 7 Taubman Malls for $1.4B
Starwood Capital’s two-year-old retail affiliate agrees to acquire properties in Virginia, South Carolina, Florida, Texas and Michigan.
HCL-MarqE Buys 352 KSF Retail Center in Houston
The new owners acquired the property, which is located on I-10 West, from a joint venture of Canyon Capital Realty Advisors L.L.C. and Fidelis Realty Partners.
NAREE Special Report: Retail Recovery Remains Delayed
Don’t expect the retail sector to recover just yet. Coming off of a pre-recession to recovery period that is the longest since World War II, it won’t be back to health before 2016 or even 2017, according to Naveen Jaggi.
Blackstone Adds DDR as JV Partner in Purchase of 76 Shopping Centers from ARCP
Blackstone Group has added a joint venture partner, DDR Corp., to its plan to buy 76 shopping centers from American Realty Capital Properties for nearly $2 billion, including assumed debt of $461 million.
REITWeek Special Report: Blackstone’s Gray on Where to Find Value
Jonathan Gray, Blackstone’s global head of real estate, dispenses advice on how to find assets that will outperform in today’s real estate cycle at REITWeek in New York City.
Retail Opportunity Investments to Buy Fallbrook Shopping Center for $210M
Retail Opportunity Investments Corp. has entered into a binding contract to acquire Fallbrook Center, in West Hills, Calif., for $210 million in cash.
DDR Announces Project Strategy to Recapture Prime-Anchor Store Locations
DDR Corp. has instituted a multi-year proactive lease termination initiative with hopes of recapturing high-quality anchor store locations across its portfolio.