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Borders Gets a $700M Lifeline; Uniqlo Thinks Big (Friday's News & Notes)

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Here's a quick rundown of some retail and retail real estate headlines as we head into the weekend.

  • Borders has received a new $700 million credit facility that features GE Capital as a co-lender.
  • CoStar reports that private equity players are once again sniffing around for commercial real estate acquisition opportunities. It's been a few years since we've seen any private equity buyouts in the sector. But now investors seem to smell an opportunity.
  • Urban Outfitters is launching a stand-alone wedding brand in spring 2011. The creative team behind Anthropologie will have a hand in developing the brand.
  • Japanese apparel chain Uniqlo is prepping to open a giant store on New York's Fifth Ave. It is taking 100,000 square feet that was vacated by Brooks Brothers. The store will be twice as large as a location it opened downtown.
  • The New York Post also reported that a bidding war is heating up over Zale Corp.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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