Developers Diversified Realty has agreed to buy 15 Puerto Rican shopping centers totaling 5 million square feet from Caribbean Property Group LLC. The is valued at $1.15 billion, which represents a 7.4 percent cap rate on a pro-forma basis based...
In its quest to make its moderately priced furniture more readily available to apartment dwelling Manhattanites, IKEA recently got approval from a New York City council panel to build a store in Red Hook along the Brooklyn waterfront...
Steve and Lori Leveen began simply enough. One night, while both were reading in a dimly lit room, they made an age-old — and old-age — request: “Let there be light.” ...
The 1.9 million-square-foot Fashion Show Mall in Las Vegas may be getting a new owner as the General Growth Properties Inc. and Rouse Co. merger closes, but it will remain as loud and audacious as ever. The mall's first major event after the...
Once again, it's time to let retailers and mall developers know what's on shoppers' minds. And this year may well be a wake-up call for businesses to think more about the needs of some demographic groups that haven't been prominent on the radar...
Immediately after the debris settled and the winds had died down from Hurricane Charley, Craig Goodwin of the Don M. Casto Organization in Columbus, Ohio, and the firm's Florida affiliate, Casto Lifestyle Properties, assessed the damage to its...
After three years of rising valuations, record-low interest rates and staggering investor demand, retail REITs, like all commercial real estate, seem poised for a fall. But until a viable alternative investment emerges, the smart money is staying...