Retail
Champion Seeks to Acquire $500M in Retail Properties
The company has hired Steve Boss, who has been in the industry for a quarter of a century, to lead the charge as managing director of retail investment and development.
Cedar in JV with RioCan for $53M Shopping Center Deal
The sale is a boon for the recession-battered retail market, which has taken a beating due to severely diminished consumer spending.
Dollar Tree Continues Southern California Expansion
Dollar Tree Stores Inc. continues to spread its wings in Southern California with the inking of six new leases.
IKEA Enters Colorado with Groundbreaking on 415,000-SF Denver-Area Store
There are signs of life in Denver’s retail market and Swedish affordable home furnishings retailer IKEA is expected to further improve conditions as it breaks ground on a 415,000-square-foot store in Centennial, Colo.
Is the Time Right to Invest in Retail? Some Say No
While demand seems to exceed supply for investment sales transactions, not everyone thinks this is the time to acquire retail real estate.
Simon Proposal: Additional $2.1B in Capital
Simon Property Group has upped the ante on its April 14th proposal to buy bankrupt retail owner General Growth Properties. The company said on Thursday that in addition to its investment of $2.5 billion at the same per share price as the reorganization plan sponsored by Brookfield Asset management, it has received a $2.1 billion commitment from Paulson & Co., ING Clarion Real Estate Securities, Oak Hill Advisors, RREEF and Taconic Capital Advisors.
Economy Watch: COP Says HAMP Remains FUBAR
According to the U.S. Treasury Department and HUD on Wednesday, 2,879 modified loans under the government’s mortgage modification program (HAMP) were “cancelled” in March.
Angelo, Gordon Completes $18.1M Sale-Leaseback with Claire’s Stores
As part of a slate of distressed-asset transactions currently taking place in the market, alternative investment firm Angelo, Gordon & Co.’s net lease group has acquired the headquarters and sole North American distribution center of fashion retailer Claire’s Stores, Inc.
North American Development Enters California Market with $23.5M Shopping Center Acquisition
Shopping center development firm North American Development Group has taken a toehold in the Golden State. The company has acquired Rock Creek Plaza, a 205,100 square-foot regional shopping center in the town of Auburn near Sacramento.
Faris Lee Completes Pair of SoCal Retail Deals
Retail-specialized investment sales and advisory team Faris Lee Investments has been busy over the past week. The Irvine, Calif.-based firm has completed two Southern California retail sales in quick succession.