Retail
Glimcher Purchases Blackston’s Interest in Pearlridge Mall
by Adriana Pop, Associate Editor Glimcher Realty Trust is purchasing an 80 percent indirect ownership interest in Pearlridge Center, the second largest shopping mall in Hawaii. Glimcher is using a recent common stock offering, and possibly funds from its credit facility, to finance the purchase from affiliates of Blackstone Real Estate Partners VI. The purchase price will be about […]
Taubman Breaks Ground on Luxury 450 KSF Open-Air Mall near St. Louis
The composition of the St. Louis-area retail market will soon undergo a notable change now that Taubman Centers Inc. has broken ground on a new outlet-shopping destination, the 450,000-square-foot Taubman Prestige Outlets Chesterfield, in Chesterfield, Mo.
DDR Buys Out Partner's Ownership Stake in Two Retail Centers for $70M
Fourteen years after becoming a 50 percent owner of Portland’s Tanasbourne Town Center and Phoenix’s Arrowhead Crossing in a joint venture with DRA Advisors Inc., DDR Corp. has acquired its partner’s stake in the assets for $70 million.
Inland Real Estate Continues Midwest Retail Spree
Inland Real Estate Corp. has been busy in the last month. This week, the firm picked up seven single-tenant retail properties that feature 95,630 square feet of gross leasable area, as well as two grocery-anchored retail properties in Wisconsin, for an aggregate $78.3 million.
Inland Buys Shopping Centers in Missouri, Tennessee for $74M
Inland Real Estate Acquisitions has picked up two shopping centers — one located in Branson, Mo., and the other in metro Knoxville, Tenn. — for a combined total of $74 million.
Vikings Stadium Plan Receives Majority Support from City Council
By Gabriel Circiog, Associate Editor The latest Minnesota Vikings stadium plan is now backed by a majority of the Minneapolis city council, the Minneapolis / St. Paul Business Journal reports. The development was announced by Gov. Mark Dayton; Minneapolis Mayor R.T. Rybak, City Council President Barb Johnson and six other council members posted online letters […]
O'Connor Capital, Wafra Purchase Two Retail Centers Totaling 332 KSF
O’Connor Capital Partners and Wafra Investment Advisory Group have joined forces, acquiring The Promenade at Chenal in Little Rock, Ark., and Phase II of Settlers Ridge in metropolitan Pittsburgh, Pa.
Wilder Cos. Nabs 412 KSF Retail Management Contract for Two Properties
The Wilder Cos. has just added 412,000 square feet of shopping-center responsibilities to its plate. The retail real estate services firm won a contract to spearhead leasing and management at Suburban Philadelphia’s The Shops at Valley Square, and another assignment to provide the same services at Somerset Square, located just outside of Hartford, Conn.
Boston's New Longwood Life-Sciences Building Leases 154 KSF
Courtesy of a many-layered deal involving multiple joint-venture partners, Boston’s Longwood area will see the construction of a 413,536-square-foot life-sciences center — and Dana-Farber Cancer Institute has inked a 154,000-square-foot lease in the property.
Auto Showroom, Brewery Project Planned for Southern Texas
By Camelia Bulea, Associate Editor HOLT CAT and Alamo Beer Co. both announced projects last week in Southern Texas. HOLT CAT broke ground on a 24,000-square-foot store in the Los Lomas Industrial Park in Laredo, according to the San Antonio Business Journal. The new facility will be certified LEED Gold for efficiency. The new store […]