Retail
Terramar Acquires New Retail Center on Oahu for $100M
Terramar Retail Centers has purchased, for $100 million, the Laulani Village Shopping Center, a 223,000-square-foot neighborhood retail center in Ewa Beach, Oahu, Hawaii.
ASB Acquires 4 Retail Properties in Boston for $91M
ASB Real Estate Investments, acting on behalf of its $3.1 billion Allegiance Real Estate Fund, recently joined forces with real estate firm Blatteis & Schnur to plunk down $91.2 million in cash on the acquisition of a collection of four retail-office buildings totaling approximately 51,250 square feet in the ritzy Back Bay neighborhood of downtown Boston.
Lori Mason Curran: Evolving South Lake Union
Lori Mason Curran, Vulcan Inc.’s investment strategy director for real estate, talks about how South Lake Union continues to evolve.
Related Beal Buys 4-Building Property in Boston from Fidelity Investments
Related Beal has bought the 343,000-square-foot The Block on Congress from Fidelity Investments in a sale-leaseback transaction that allows the new owner to make plans for the near future.
Ramco-Gershenson Buys 461 KSF Shopping Center in Cincinnati Suburb
Ramco-Gershenson Properties has just surpassed the half-billion-dollar mark in its annual acquisitions with the purchase of Deerfield Towne Center, a 461,000-square-foot shopping center in the suburban Cincinnati suburb of Mason, Ohio.
W. P. Carey Acquires $92M Retail Portfolio in Croatia from Agrokor
In a $92 million sale-leaseback deal, W. P. Carey has purchased five retail stores from Agrokor in Croatia.
Realty Income to Buy Half-Billion-Dollar Net-Lease Portfolio from Inland Diversified
Realty Income Corp. is closing the year with a bang. The company has entered into a definitive agreement to acquire an 84-property portfolio of single-tenant net-leased retail and industrial real estate assets from Inland Diversified Real Estate Trust.
Rouse Properties Takes 2 Malls Totaling 2 MSF for $293M
With the stroke of a pen, Rouse Properties adds roughly 2 million square feet to its portfolio through the acquisition of Chesterfield Towne Center in Richmond, Va., and The Centre at Salisbury in Salisbury, Md.
Heitman Buys 866 KSF Regional Power Center in Bay Area
In what could be the largest retail property sale in the Bay Area in 2013 in terms of size, Heitman acquired Pacific Commons Shopping Center, an 80-acre outdoor mall in Fremont, Calif., from an affiliate of Catellus Development Corp., a TPG Real Estate investment.
Al Futtaim Group to Open 2 MSF Cairo City Mall
Al Futtaim’s real estate development and operations division is set to develop Cairo Festival City Mall, Egypt’s first-ever indoor-outdoor shopping center.