The rumors from ICSC’s 2002 Spring Convention were proved true today when The Macerich Co. officially announced its purchase of Westcor — due to finalize in third quarter 2002...
Fast-food chain McDonald’s set tongues wagging when it announced last week it was exploring non-food retailing options in an attempt to grow business. The OakBrook, Ill.-based company controls 13,000 U.S. outlets — a...
The Donald T. Sterling Corp., based in Beverly Hills, Calif., has purchased Mark Wilshire Apartments, a 20-story, 236-unit apartment complex in Los Angeles, for $22 million. Mount Kisco, N.Y.-based Mark Wilshire...
Despite highly publicized reports of its potential acquisition by CB Richard Ellis, New York-based Grubb & Ellis has announced that it has terminated all unsolicited merger discussions with an "unrelated third...
Long Beach, Calif.-based RK Properties has purchased Sierra Vista Apartments, a 166-unit complex in Loma Linda, Calif., for $12.3 million. Irvine, Calif.-based Village Investment was the seller. The Ontario, Calif....
The Shaw Co., based in Oak Brook, Ill., has begun construction on the 903-acre Manheim Business Park in Cook County, Ill. The Greater Chicago Auto Auction, the park’s anchor tenant, will move into the park next year...
Sears, Roebuck and Co. has agreed to purchase catalog retailer Lands’ End for $62 per share, or approximately $1.9 billion. Upon completion of the transaction — expected in June — Lands’ End will become a wholly owned...
Columbus-based Cornerstone Capital Corp. has acquired 42 properties from Walgreen Co. in the largest sale-leaseback deal in the 101-year history of the drug-store chain...
Denver-based Archstone-Smith has entered the New York City market with the $209 million purchase of 101 West End Ave., a two-tower, 35-story apartment building on Manhattan’s Upper West Side. New York-based Tishman...
