Retail
Starwood Picks Up Sizable REO Office, Retail Portfolio for $191M
Starwood Capital Group has completed, through a controlled affiliate, the acquisition of a pool of real estate-owned assets from special servicer CWCapital Asset Management L.L.C. for $191 million.
Emergency Response: The Changed Mindset at Malls
As the Mall in Columbia reopened after Friday’s shooting, CPE looks at how retail managers and first responders have been working together across the country to deal with what seems to be a growing phenomenon.
Executive Spotlight, Stuart Tanz, Retail Opportunity Investments Corp.
Stuart Tanz is on his way to making Retail Opportunity Investments Corp. another Pan Pacific Retail Properties.
Alberta Development JV Grabs 671 KSF Retail Portfolio from A&B Properties
Alberta Development Partners and an affiliate of Walton Street Capital have acquired the three-property A&B Properties Mainland Retail Portfolio and the Maui Mall, a total of 671,538 square feet in Colorado, California and Hawaii.
DivcoWest Buys 670 KSF M-U Portfolio for $395M
DivcoWest has acquired One Kendall Square, in Cambridge, Mass., an 11-building, 7.9-acre campus that includes 670,000 square feet of office, lab and retail space; a nine-screen movie theater; a 1,500-space garage; and a small development parcel.
Cole Buys 430 KSF Shopping Center in Denver Area for $117M
Cole has purchased the major portion of Cornerstar, a 750,000-square-foot regional power center in Aurora, Colo., from a joint venture of PCCP and Alberta Development Partners for $117 million.
After Manhattan’s Banner 2013, Experts Await an Encore
“I think we can cheer about 2013 and feel pretty good about 2014.” That was how Ron Lo Russo, president of Cushman & Wakefield Inc.’s New York Tri-state region, summed up the outlook Tuesday morning at a briefing in Midtown Manhattan.
Winthrop Realty Trust’s Times Square NY Venture Refinances Existing Debt
The development venture that bought 701 Seventh Ave. in Manhattan’s Times Square in October 2012 has completed $815 million in refinancing.
Bentall Kennedy Acquires Retail Center Portfolio from Canada Pension Plan Investment Board
On behalf of its Prime Canadian Property Fund, Bentall Kennedy has acquired a 100 percent freehold interest in three of Canada’s regional shopping centers.
Vestar Grabs 900 KSF Denver-Area Regional Retail Center for $124M
Vestar, which boasts a hearty retail portfolio spanning the Western United States, has just added metropolitan Denver to its footprint with the acquisition of the 914,000-square-foot Orchard Town Center in Westminster, Colo.