Retail
MAY ISSUE: Albertsons-Safeway Merger Continues Grocery Consolidation
The pending mega-merger between supermarket giants Albertsons and Safeway reflects important trends in the grocery business, according to industry observers, some of whom also have strong opinions about how this deal will play out over time.
PCCP Provides $98M Loan for Construction of 269-Unit M-F/ Retail Property in Suburban Boston
PCCP has emerged victorious in the bid to furnish Northland Investment Corp. with financing for the construction of Moody & Main, a new mixed-use multi-family property just outside of Boston.
Skidmore, Owings & Merrill to Lead Development of Philadelphia’s 30th Street Station Master Plan
Skidmore, Owings & Merrill, in association with Parsons Brinckerhoff, OLIN and HR&A Advisors, has been chosen to develop a comprehensive joint master plan for the area around Philadelphia’s 30th Street Station by Amtrak, Drexel University and Brandywine Realty Trust.
ARC to Sell Multi-Tenant Shopping Center Portfolio to Blackstone
Looking to pay the bill for the Red Lobster sale-leaseback deal, American Realty Capital Properties said it intends to sell most of its multi-tenant shopping center portfolio to a Blackstone fund for $2 billion in cash.
Executive Spotlight: John Hammill, Capview Partners
John Hammill and partner Ken Shulman set their sights on becoming the leading investment and consulting firm focused strictly on single-tenant net lease properties. The result was Capview Partners. Hammill talks about opportunities in the space.
RECon Special Report: Top Executives Offer Retail Insights at Annual Marcus & Millichap Event
A diverse lineup of executives created a snapshot of a resurgent retail real estate sector at the annual panel discussion hosted in Las Vegas by Marcus & Millichap.
ARCP to Grab Red Lobster RE in $1.5B Sale-Leaseback
As part of Golden Gate Capital’s acquisition of the Red Lobster chain from Darden Restaurants, American Realty Capital Properties will buy more than 500 Red Lobster restaurant properties and lease them back to GGC.
International: Laurus to Develop 323 KSF Retail Project in Nigerian Capital
Construction on Jabi Lake Mall, a 323,000-square-foot retail development in Nigeria’s capital, Abuja, is underway, according to project and development manager Laurus Development Partners.
Gaming and Leisure Buys Meadows Racetrack, Casino in Washington, Pennsylvania for $465M
Gaming and Leisure Properties, a REIT that spun off from Penn National Gaming late last year, has acquired The Meadows Racetrack and Casino in eastern Pennsylvania for $465 million from Las Vegas-based Cannery Casino Resorts.
Investcorp Acquires RE Assets in Dallas, South Florida for $105M
Continuing what is shaping up to be somewhat of a shopping spree, Investcorp has acquired a group of four commercial and residential assets in metropolitan Dallas and South Florida for $105 million.