Los Angeles – Locally based Caruso Affiliated Holdings and locally based INVESCO Realty Advisors partnered in a new venture to acquire community retail centers throughout California. INVESCO’s clients are contributing...
Minneapolis – Locally based SuperValu is closing 11 Cub Foods stores in Indiana and shuttering its 19-store Laneco group, which operates in Pennsylvania and New Jersey. In a recent announcement, the chain said the...
Troy, Mich. – Locally based Kmart Corp. will spend $25 million to open its first store in Trinidad and Tobago as part of its expansion in the Caribbean. The 155,000-sq.-ft. superstore is expected to open June 2002 in...
Troy, Mich. – Locally based Kmart Corp. recently reported that it is rolling out new technologies to its stores, chain-wide, to provide state-of-the art service to its customers...
Fruitland Park, Fla. – According to the 13th annual Retail Theft Survey, conducted by locally based Jack L. Hayes International, the number of dishonest employees apprehended – and the dollars recovered from those...
Palm Desert, Calif. – A major expansion and renovation of the Westfield Shoppingtown Palm Desert shopping center has been planned at a cost of nearly $30 million...
Chicago – According to an annual retail survey of Chicago’s “Magnificent Mile” by locally based Northern Realty Group Ltd., asking rents for retail space on North Michigan Avenue have risen 58.5 percent and the...
Hartford, Conn. – Locally based The Hutensky Group formed HRI Fund LLC, a fund to invest with other financing sources in $200 million of shopping centers with turnaround potential. The Chicago-based John D. and...
Washington, D.C. – Johnny Duke, national director of facilities/energy for Troy, Mich.-based Kmart Corp., recently testified before the House Energy and Commerce Subcommittee on Energy and Air Quality in preparation...
