Prestige Properties will develop The Mall at Bay Plaza, a $270 million, 780,000-sq.-ft. fashion mall in the Bronx. The mall will be located on a corner parcel at Prestige-owned Bay Plaza Shopping Center and will use an existing JC Penney as one of...
As the holiday shopping season draws near, the weaker retail chains will be facing their hour of reckoning, with their sales growth during the November/December period determining their ability to survive. And while most retailers have already...
While other property types, like multifamily and office, have shown consistent signs of recovery, retail has yet to do so...
The Macerich Co. secured a $200 million first mortgage from Prudential Mortgage Capital Co. and Northwestern Mutual Real Estate Investments for Los Cerritos Center, a 1.3-million-sq.-ft. regional mall in Cerritos, Calif...
Vestar Development, in a joint venture with Rockwood Capital, agreed to acquire The District at Green Valley Ranch, a 384,107-sq.-ft. retail center outside of Las Vegas, from LNR Partners LLC for $79 million in an all-cash transaction. Richard...
Trader Joe’s reported efforts to expand its store size are getting kudos from industry insiders.
Officials from the offbeat grocery chain won’t comment on the record about its current expansion strategy, but brokers on the ground say Trader Joe...
Kimco Realty Corp. closed on a new $1.75 billion unsecured revolving credit facility. The facility will replace both the company’s $1.5 billion unsecured U.S. credit facility and its $250 million Canadian credit facility...
