Retail
Ben Carter Enterprises to Buy Several Buildings in Downtown Savannah
Atlanta-based Ben Carter Enterprises has unveiled a $72 million mixed-use plan to buy more than 20 buildings in downtown Savannah to give the historic Broughton Street shopping and dining district an economic boost.
CIM Group Acquires 7-Asset Portfolio from CW Capital
CIM Group has acquired a seven-asset portfolio headlined by Two California Plaza, a 52-story, Class A office building in downtown Los Angeles.
Rodeo Drive Retail Building Refinanced to the Tune of $120M
Mesa West has doled out $120 million in financing to ECA Capital for the recapitalization of 338-342 N. Rodeo Drive, a 20,700-square-foot retail building in the über-prestigious Golden Triangle area of Beverly Hills.
Colliers Expands in U.K. Retail Sector with Acquisition of London’s Briant Champion Long
Colliers International, the third-largest commercial real estate services company in the world, has expanded its presence in the U.K.’s retail real estate arena with the acquisition of Briant Champion Long.
SPECIAL REPORT: MBA Delivers Cautious Economic Outlook for 2014; Financing Hits Highest Level Since ’07
Mortgage originations for multi-family and commercial real estate in the last quarter of 2014 reached the highest volume achieved since 2007. Multi-family financing, in particular, has returned to levels last witnessed at the peak of the market.
Kite Realty–Inland Diversified Merger Shows Retail’s Resurgent Strength
The pending merger of Inland Diversified Real Estate Trust Inc. into a wholly owned subsidiary of Kite Realty Group Trust in a stock-for-stock transaction worth $1.2 billion is just another sign, albeit a very sizable one, of the retail sector’s strength, in light of a recent report from Real Capital Analytics.
Premier Outlets to Build 400 KSF Fashion Outlet Mall in Augusta, Ga.
Premier Outlets, a division of Atlanta-based Ben Carter Enterprises, is planning a $200 million, 400,000-square-foot fashion outlet mall in Augusta, Ga.
The February digital edition of CPE is now available!
Editor’s Note: Repair, Replace, Recover At press time, Congress has just approved a $1.1 trillion spending bill funding the federal government until September. News Story: Hilton IPO Sets Record Once word came from private equity firm Blackstone Group in September that it was planning an initial public offering for Hilton Worldwide, anticipation began building. Trend Story: Fine Dining Takes to the Malls Fine dining and retail are colliding! Cover Story: Bridging the Gap Industry innovators find solutions to the nation’s infrastructure crisis. Finance Special Focus: New Visions: Smart Deals and Hubris Cohen Financial CEO Jack Cohen discussed the state of the…
Simon Purchases Two Taubman Properties
Simon Property Group has acquired land in Syosset, N.Y., and a 50 percent interest in Arizona Mills in Tempe from the Taubman Centers for $60 million and 555,150 partnership units in Simon Property Group L.P.
Achieving Security: Are Mall Owners Doing Enough?
As the investigation into the deadly weekend shooting at The Mall in Columbia in suburban Maryland continues, security experts and property owners and managers are once again trying to determine if they are providing enough security for the public and whether or not changes need to be made.
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