Retail
Economy Watch: Brookfield Aims to be GGP Stalking Horse
General Growth Properties Inc. has filed documents with the U.S. Bankruptcy Court for the Southern District of New York describing its proposed deal with Brookfield Asset Management, Pershing Square Capital Management and Fairholme Capital Management.
Weight Watchers Brings Cassidy Turley to the Leasing Table
Real estate service provider Cassidy Turley has been named the exclusive U.S. real estate representative for New York-based Weight Watchers. Under the agreement, which was announced Wednesday, Cassidy Turley will also provide project management services to the firm.
Glimcher Completes $320M JV with Blackstone
With the closing of a joint venture transaction valued at $320 million, Columbus, Ohio-headquartered Glimcher Realty Trust now shares ownership of two of its shopping malls with New York-based The Blackstone Group.
Marcus & Millichap lists $17.9M Vegas Retail Property
Marcus & Millichap has retained the exclusive listing for a $17.9 million retail property in Las Vegas. The 104,397 square-foot property contains a Harley Davidson store as well as a 24 Hour Fitness gym and is 100 percent leased.
Colliers: Retail Not Yet Out of the Woods
While retail vacancies will stabilize in many markets, the retail world can’t yet breathe a sigh of relief. That’s according to Colliers International’s 2010 Retail Trends and Opportunities report, which terms that stabilization as the “Not So Fast” recovery.
Rufrano Resigns From GGP Board to Avoid Conflict of Interest
Glenn Rufrano has resigned from the General Growth Properties Board of Directors due to his recent appointment as president and chief executive officer of Cushman & Wakefield Inc.
GGP Bidders Said to Seek International Funding
The Financial Times is reporting that both major bidders for bankrupt mall owner General Growth Properties have approached sovereign wealth funds in the Middle East and Asia for financial support.
Foreign Investor Saves Atlanta’s 800,000-SF Greenbriar Mall from Foreclosure
It happened in the nick of time. With foreclosure proceedings already in the works on Atlanta’s Greenbriar Mall, Atlanta-based owner Hendon Properties L.L.C. has just managed to escape an impending confiscation with the sale of the 809,700-square-foot property to an unidentified foreign investor.
Inland Completes $424M, 3.5 Million SF Acquisition
Inland Real Estate Acquisitions Inc. has completed a $424 million acquisition of 16 shopping centers comprising 3.5 million square feet.
DC Tops List of Best Retail Markets
It looks like some major metro areas are seeing favorable conditions. Marcus & Millichap have named Washington, DC, San Diego, and San Francisco as the three best retail markets in the country.