Watt Properties appointed Coreland Cos. as a property manager for a 1.2-million-sq.-ft. retail portfolio located across Southern California. The portfolio encompasses 12 centers in Orange, Los Angeles and Riverside counties...
Simon Property Group Inc. announced two major transactions for a combined $3.5 billion. The first deal gives the REIT a 28.7 percent stake in a major European retail owner. The second buys out its joint venture partner on the Mills portfolio...
Inland Western Retail Real Estate Trust Inc. closed on an unsecured $650 million credit facility. The facility includes a $300 million unsecured term loan and a $350 million unsecured revolving line of credit. It amends the company’s existing $585...
Regency Centers will begin construction on East Washington Place, a $61 million, 378,000-sq.-ft. community shopping center in Petaluma, Calif. A 138,324-sq.-ft. Target will anchor the property. Regency plans to open the center in the summer of...
The new regional mall REIT Rouse Properties made news last week with its first acquisition as an independent company. The REIT bought Grand Traverse Mall, a 589,000-sq.-ft. enclosed regional mall in Grand Traverse, Mich., a class-B property that...
Rouse Properties Inc. purchased Grand Traverse Mall, a 589,000-sq.-ft. enclosed regional mall in Traverse City, Mich. for approximately $66 million. The purchase price included cash payments for closing costs, required escrow reserves and the...
A joint venture of The Peterson Cos. and DRI Development Services LLC will develop Rock Spring Centre, a $320 million, one-million-sq.-ft. mixed-use center in Bethesda, Md. Peterson will serve as the lead developer on the project’s retail and...
Sears Holdings Corp. made two big announcements as it continues its attempts to reverse its flagging fortunes. It will sell 11 anchor pad locations to General Growth Properties in a $270 million deal. In addition, the company has announced plans...
The retail investment sales sector has gotten off to a robust start in 2012 with Westfield’s announcement of its joint venture with the Canada Pension Plan Investment Board. But don’t expect a slew of high-quality portfolio sales to follow during...
