The mailboxes of Shoreway Shopping Center owners Marc Levin and James Ratner should soon be stuffed full of mail from Sheffield Lake. Postcards preprinted with their addresses were passed out to hundreds of Sheffield Lake residents who flocked to...
Brinker International Inc. will sell a majority stake in restaurant chain Romano's Macaroni Grill to an affiliate of private equity firm Golden Gate Capital for $131.5 million, Brinker said on Monday. Brinker, which also owns the Chili's Grill ...
Standard & Poor's announced the latest numbers on its commercial real estate indices. Retail prices for the second straight month and are up just 0.5 percent over the past 12 months. ...
We haven't seen one of these in a while. Private equity firms Versa Capital Management and Crystal Capital purchased Bob's Stores from TJX for an undisclosed sum. ...
Someone told me recently auto parts stores are counter-cyclical and tend to do well in recessions. That's because people aren't buying new cars. Instead, they focus on keeping their existing cars in good shape. Apparently, however, that's not the...
Bleak news on the Centro front. The company has posted a huge quarterly loss. Centro says its U.S. properties have lost 8.8 percent of its value. It also said it may not be able to continue as a "going concern" given all the problems it is facing...
Could this be a new trend in the works? Boston Mayor Thomas Menino wants to require developers of large projects to prove they have financing in place before they're allowed to move ahead with projects. Apparently this is being triggered by two...
Duke Realty, a diversified real estate company that owns industrial, office, health care and retail, announced it's getting out of retail real estate and focusing on its other property areas. In reality, retail has been a very small part of its...
I have a Google alert set up to send me news stories that include the word "mall" or "malls." Today's was off the charts when it came to bad news. A fatal shooting, gunfire, a bomb threat, a murder trial, falling concrete and a pellet wound. There...
