Retail
Simon Property Group Closes $2.3B Prime Outlets Purchase
The price tag on the approximately 7.9 million-square-foot portfolio included Simon’s assumption of nearly $1.6 billion of existing debt and preferred stock.
Trussville Marketplace Sold By Hanley Investment Group
Trussville was purchased by a private investor in Newport Beach, California and sold by NC/Trussville L.L.C.
RCG Ventures Purchases 100,002 SF Shannon Square in Atlanta
Located along Jonesboro Road and Highway 138, Shannon Square sits seven miles south of Hartsfield-Jackson Atlanta Airport.
Colliers Report: Big Box Retail Chains to the Rescue
Crumbling along with the housing market, the retail real estate sector took a nosedive a long time ago. However, according to real estate services firm Colliers International’s new white paper, The Big Box Dilemma, large big-box chains that managed to remain afloat during the economic crisis are beginning to soak up some of that space vacated by retailers who could not keep their heads above water.
Fuller Partnership “Perfect Fit” to Expand Cassidy Turley into Denver
Cassidy Turley’s latest expansion move did more than give the company a full-service presence in Denver. The fast-growing company, formed on March 1 with the partnership of a number of former Colliers firms and an assortment of others, found in Denver heavyweight Fuller Real Estate a “perfect fit.”
Canyon-Johnson Equity Paves Way for New Baltimore-Area Mixed-Use Project
The Oxford Square transit-oriented development project in Hanover, Md., just got a substantial boost–in the form of preferred equity capital totaling $17.5 million from Canyon-Johnson Urban Funds. And while mixed-use projects are hardly rare in the area today, BRAC promises to increase demand in the near future.
Economy Watch: Fannie Mae Hits Up Uncle Sam Because of 2Q Loss
Fannie Mae returned to the U.S. Treasury on Thursday, hat in hand, asking for $1.5 billion in the wake of its net loss of $3.1 billion, or 55 cents a share, during the second quarter. Essentially, it was asking for its latest dividend back.
Cedar Shopping Centers and RioCan Close $53M JV Purchase of Philly-Area Shopping Center
Located on a 37-acre site 40 miles outside of Philadelphia in the Greater Reading area, Exeter Commons sprouted up last year at the hands of the Goldenberg Group and Ironwood Property Group.
Hooters Taps Colliers to Lead Expansion
The restaurant chain says it plans to increase its location count by at least 15 to 20 percent annually over the next several years.
Demolition Paves Way for 500,000-SF Shopping Center at Former Arsenal in Philly
It was the War of 1812 that led to the original development of the Frankford Arsenal in 1816, and today, the site is still home to a bevy of historic buildings, a great number of which will remain as the property undergoes redevelopment.