Retail
Fashion Place Expands, as Wasatch Front Retail Real Estate Market Blooms
By Gabriel Circiog, Associate Editor At a time when the economy is somewhat troubling for most real estate markets, the retail real estate market along the Wasatch Front is doing well. Deseret News reports that there are four major retail centers expanding or under development. Fashion Place mall in Murray is currently undergoing a 100,000-square-foot […]
7-Eleven to Buy 51 ExxonMobil Stores in North Texas
7-Eleven Inc. has entered into an agreement to acquire ExxonMobil’s retail interests at 51 locations, including two unused land parcels, concentrated in the Dallas/Fort Worth area.
Westfield to Invest $612.5M in New WTC Retail Joint Venture
The World Trade Center redevelopment has taken a big step forward, with the Westfield Group entering into a JV with the Port Authority for $612.5 million.
Donahue Schriber Completes $1.2B Balance Sheet Recap
Donahue Schriber set out to recapitalize its balance sheet to the tune of $1.2 billion and the shopping-center developer has done just that.
Elbit Imaging Subsidiary Concludes Purchase of Remaining Units in EDT Retail Trust
A subsidiary of Israel-based Elbit Imaging Ltd. has wrapped up the off-market takeover bid for all remaining units in EDT Retail Trust, a retail REIT. The all-cash transaction increases EPN and its affiliates’ stake in the REIT to 96.4 percent.
Scottsdale’s Promenade Trades for $110M, Marking One of Arizona’s Largest Shopping Center Deals
The Promenade, a 730,000-square-foot shopping center near Phoenix, has come under new ownership in a $110 million transaction that marks one of the largest shopping center sales in Arizona’s history.
Cole’s Buying Binge Continues with $76M Atlanta-Area Purchase
Cole follows up a three-property deal earlier this month with a $76 million acquisition of the 425,000-square-foot Camp Creek Marketplace in East Point, Ga.
Cole Nabs Six Properties in Two-Day, $119.6M Buying Spree
On Tuesday, Cole nabbed three Florida shopping centers totaling $48.5 million, followed by Wednesday’s inking of a $71.1 million deal for an office complex, industrial food-distribution space and a healthcare facility.
Brookfield Sells $340M Houston Building to Chevron, Secures Company’s Lease Renewal Next Door
Chevron Corp. has certainly done its part to keep the Houston office real estate market active and Brookfield Office Properties has played a big role in the effort. The energy giant just acquired its 1.3 million-square-foot home base at 1400 Smith St. from Brookfield for $340 million.
IHOP Expands to Middle East
The restaurant chain has inked a multi-restaurant franchise agreement for the development of 40 new locations in Kuwait, Saudi Arabia, Jordan, Lebanon, Qatar, the United Arab Emirates, Oman, Bahrain and Egypt.