{"id":1004020260,"date":"2010-05-19T14:32:14","date_gmt":"2010-05-19T22:32:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004020260"},"modified":"2022-12-08T19:52:49","modified_gmt":"2022-12-09T03:52:49","slug":"champion-seeks-to-acquire-500-in-retail-properties","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/champion-seeks-to-acquire-500-in-retail-properties\/","title":{"rendered":"Champion Seeks to Acquire $500M in Retail Properties"},"content":{"rendered":"<p>May 19, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004020261\" style=\"width: 230px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Bob-Champion.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004020261\" data-attachment-id=\"1004020261\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/champion-seeks-to-acquire-500-in-retail-properties\/bob-champion\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Bob-Champion.jpg\" data-orig-size=\"220,220\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Bob Champion\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Bob Champion&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Bob-Champion.jpg?w=220\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Bob-Champion.jpg\" alt=\"\" title=\"Bob Champion\" width=\"220\" height=\"220\" class=\"size-full wp-image-1004020261\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Bob-Champion.jpg 220w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Bob-Champion.jpg?resize=150,150 150w\" sizes=\"auto, (max-width: 220px) 100vw, 220px\" \/><\/a><p id=\"caption-attachment-1004020261\" class=\"wp-caption-text\">Bob Champion<\/p><\/div>\n<p>Seeking to take advantage of the battered retail market, Champion Real Estate Company said Wednesday that it plans to acquire $500 million in U.S. retail real estate.<\/p>\n<p>Champion president Bob Champion told CPE that the company made the decision to purchase retail for the first time since 2006 because it can buy at below replacement cost. He added that they are seeking \u201cB\u201d and \u201cC\u201d properties in \u201cA\u201d areas with value-add potential, and are concentrating on the western United States.<\/p>\n<p>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. Boss was previously the CEO and founder of Afton Property Investment Corporation and has held senior management positions with Pan Pacific Retail Properties and Combined Properties. Boss will use Champion\u2019s platform to acquire existing centers with value-add opportunity, distressed assets and notes, and prime entitled shopping center land.<\/p>\n<p>The company says it will consider opportunities in core markets ranging in price from $10 million to $200 million. Champion is based in Los Angeles and has developed, renovated or repositioned more than $700 million in retail, office, multi-family, and mixed-use properties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":936,"featured_media":1004020261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,21749],"tags":[],"class_list":["post-1004020260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Champion Seeks to Acquire $500M in Retail Properties - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/champion-seeks-to-acquire-500-in-retail-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Champion Seeks to Acquire $500M in Retail Properties\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/champion-seeks-to-acquire-500-in-retail-properties\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-05-19T22:32:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:52:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Bob-Champion.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"220\" \/>\n\t<meta property=\"og:image:height\" content=\"220\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/champion-seeks-to-acquire-500-in-retail-properties\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/champion-seeks-to-acquire-500-in-retail-properties\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"Champion Seeks to Acquire $500M in Retail Properties\",\"datePublished\":\"2010-05-19T22:32:14+00:00\",\"dateModified\":\"2022-12-09T03:52:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/champion-seeks-to-acquire-500-in-retail-properties\\\/\"},\"wordCount\":221,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/champion-seeks-to-acquire-500-in-retail-properties\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/05\\\/Bob-Champion.jpg\",\"articleSection\":[\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/champion-seeks-to-acquire-500-in-retail-properties\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/champion-seeks-to-acquire-500-in-retail-properties\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/champion-seeks-to-acquire-500-in-retail-properties\\\/\",\"name\":\"Champion Seeks to Acquire $500M in Retail Properties - 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