Retail
Bain Acquires Gymboree for $1.8B
The sales price translates to $65.40 per share, an acquisition figure that is up 57 percent from Gymboree’s closing price on Sept. 30.
$250M Sale-Leaseback Gives Realty Income 136 New Retail Assets
Realty Income’s corporate strategy centers on the acquisition of freestanding retail real estate leased by regional and national chains primarily under 15- to 20-year, triple-net lease agreements.
Investec Raises $130M for West Coast Retail Acquisition
The retail specialist is looking to add to its 2 million-square-foot, $650 million portfolio.
Grosvenor Leases 50K SF in Chicago to London-Based Topshop
Is retail still in a slump? Not according to Grosvenor.
SNL: U.S. Commercial Real Estate Exposure to Blockbuster Not as Widespread as Expected
SNL Real Estate found in the wake of the Chapter 11 bankruptcy protection filed yesterday that there were fewer North American publicly traded firms exposed to the video chain as a main tenant.
Simon Kicks Off Construction of 380,000-SF Outlet Center in New Hampshire
With the economic downturn, shoppers have been frequently bypassing the traditional department store for discount properties, including outlet shopping centers like the project Simon Property Group just began developing.
GGP Strikes $230M Deal Over Disputed Las Vegas Assets
The agreement disclosed on Monday closes the legal battle over the 22,500-acre master planned community about 12 miles from Downtown Las Vegas.
HFF Closes on Suburban Birmingham’s 115,282 SF Cahaba Village
The shopping center houses Alabama’s only Whole Foods Market, something that HFF senior managing director Barry Brown says contributed to positive sales results in 2009.
Century 21 Department Store Takes 61,000 SF in Old Barnes & Noble Location
Century 21 plans to take possession of the space, which is across from Lincoln Center, in February 2011.
Glimcher, Blackstone Partner on $245M Purchase of Hawaii’s Second Largest Mall
Pearlridge Center, a 1.2 million-square-foot mall in Honolulu, Hawaii, is on the verge of coming under new ownership.