Westfield, Simon join forces, offer $20 per share for Taubman
The clash of the Titans continues, and now Simon Property Group has pulled Westfield into the fray. Simon and Westfield America announced a joint cash...
Acadia scoops up 1 million sq. ft. supermarket portfolio
Acadia Strategic Opportunity Fund LP, a division of Acadia Realty Trust, has acquired a 1 million sq. ft. portfolio of 25 Kroger and Safeway supermarkets....
Kmart to shutter 326 stores
Kmart announced today the specific 326 stores it will close as part of its Chapter 11 restructuring. The closings will hit 44 states, with California,...
Taubman zeroes in on Simon’s Forum Shops property
Taubman Centers is pushing back at Simon Property Group. Still in the process of fending off Simon’s hostile takeover attempt, Taubman announced this...
A view from the summit
The problems facing commercial real estate CEOs at the dawn of 2003 are daunting. To begin with, job growth the engine that drives the industry is sputtering....
Mills Corp. to acquire six malls for $621 million
The Mills Corp. has agreed to acquire six mall properties in two transactions for a total of $621 million. The purchases are expected to generate a return...
Mills Corp. acquires six malls for $621 million
The Mills Corp. has agreed to acquire six mall properties in two transactions for a total of $621 million. The purchases are expected to generate a return...
Will Simon’s bid for Taubmansucceed in round three?Wall Street weighs in
Wall Street is divided as to how successful Simon’s continued attempts to acquire Taubman Centers will be. Today, Taubman’s board of directors unanimously...
Supercenter Showdown
Not only has Wal-Mart grabbed a big share of the food buck, but the discount giant's aggressive development strategy also has sparked a price war between...
A Real Downtown in Downtown LA
Forty years ago, historian Lewis Mumford famously dismissed Los Angeles as 100 suburbs in search of a city. Forty years earlier before the freeways and...
Retail: Will Consumers Keep Spending?
Retail real estate executives say that their business is set for a year of rising rents and stable occupancy rates, after rents fell by 1% and vacancies...
Forecast 2003
As 2002 limps across the finish line, the men and women who run the commercial real estate industry are looking to the Middle East for hints of what 2003...
Acadia picks up 1 million sq. ft. center in Delaware
Long Island, N.Y,-based Acadia Realty Trust is expected to acquire a major open-air retail complex in Wilmington, Del. The 1 million sq. ft. Brandywine...
Report: Chicago retail remains strong
Low interest rates and stable rents have fueled a steady increase in Chicago’s retail property values, says a recently released report from Encino, Calif.-based...
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