Simon Adds Gateway Shopping Center to Austin Holdings
Simon Property Group and SMP Interests Inc. have agreed to buy Gateway Shopping Center in Austin, Texas. The 484,000 sq. ft. complex is located near several...
Westfield To Sell Stake in WTC
Former World Trade Center leaseholder Westfield America Trust has agreed to sell its interest in the World Trade Center retail premises to the Port Authority...
State Street: On the Cusp of Rebirth?
Like many downtown main streets, State Street lost its allure, as well as many of its department stores, during the 1960s and 1970s, a time when shoppers...
Malls Continue to Fend Off Their Critics
For the past decade, many real estate experts have been clanging the death knell for malls. Now it sounds like the ringing's getting louder. Department...
Disney Concert Hall Draws Applause in Los Angeles
Just one month after its official opening, the $274 million Walt Disney Concert Hall in downtown Los Angeles already is being hailed as a major magnet...
Chicago Mall To Be Redeveloped
An obsolete two-level enclosed mall in Chicago will soon be transformed into a 594,000 sq. ft. shopping center, thanks to a $65 million redevelopment...
Inland Gobbles Up Southeastern Centers
Inland Retail Real Estate Trust has bought five grocery-anchored shopping centers located throughout Florida and Georgia. The aggregate price for the...
Sun Shines on Florida's Grocery-Anchored Sector
Investors' love affair with grocery-anchored centers in Florida isn't fading in spite of rapid price escalation, usually the harbinger of an imminent...
Retail, Office Loan Delinquencies Rise in the Third Quarter
Retail loan delinquencies increased sharply between the end of the second and third quarters, reports Fitch Ratings. There were $175 million more retail...
Inland Buys Atlanta Area Mall for $172 Million
Inland Retail Real Estate Trust Inc. has bought Atlanta’s Fayette Pavilion for $172 million, or roughly $122 per sq. ft. The deal marks Atlanta’s biggest...
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