Who says the era of retail buyouts is over? Although the credit crunch makes leveraged buyouts difficult, it doesn't mean that all deals are off the table. A case in point is NRDC Equity Partners, which has announced plans to buy Fortunoff for ...
For at least four years, retail developers have aggressively pushed the mixed-use trend. Memorable projects such as Atlantic Station in Atlanta, Victoria Gardens in Rancho Cucamonga, Calif., Crocker Park in Westlake, Ohio, Time Warner Center in...
Universal Citywalk Osaka shopping center in Japan recently conducted a test using a customized ATR Robovie humanoid robot programmed to aid lost shoppers. The robot monitored a 1,076-square-foot section of the property. It used data from 16...
For the first several years after the formation of Sears Holding Corp. — the product of a merger of Kmart and Sears — hedge fund manager Edward S. Lampert was able to drive up Sears' stock price and assets even while the company's sales figures...
North Carolina's Superior Court has ruled against Wal-Mart Stores, Inc. in a tax shelter case. Back in 2005, North Carolina government officials said the world's largest retailer was not eligible for tax breaks on its store rents because the...
In the wake of its 2007 merger with asset manager NNN Realty Advisors, Inc., Santa Ana, Calif.-based commercial real estate firm Grubb & Ellis is launching a new line of service — wealth management. The firm's subsidiary, Grubb & Ellis...
AtlanticYards in Brooklyn and the Grand in Los Angeles — two massive proposed mixed-use projects with prominent locations, titanic budgets, legacy developers and the same big-name architect (Frank Gehry) — share a lot of good things in common...
David Cronheim Mortgage Corp. secured a $9.98 million loan for SoNo Square, a 93,068-sq.-ft. retail and office center in Norwalk, Conn. The loan featured a 10-year term and a 30-year amortization schedule. Andrew Stewart and Dev Morris negotiated...
