Equity One Inc. closed a $200 million unsecured term loan. The loan comes with a seven-year term and an accordion feature allowing for expansion to $250 million. It bears interest at the annual rate of LIBOR plus 190 basis points, subject to a...
In an effort to streamline the connection between franchise operators, franchisees and its leasing personnel, shopping center REIT Kimco Realty Corp. launched FastTrack Franchise, a program aimed at alerting interested entrepreneurs to available...
Word on the street is that Mac Cosmetics, a division of Estee Lauder, signed a lease at Vornado Realty Trust’s 691 Fifth Avenue building that breaks the record for the highest rent ever paid for a New York retail space at $3,000 per sq. ft...
The Westfield Group’s sale of a 45 percent stake in its U.S. malls to Canada Pension Plan Investment Board (CPPIB) showcases once again institutional investors’ appetite for core retail assets in the United States. In the year ahead, more and more...
In what appears to be one of the largest retail investment sales transactions year-to-date, Australian mall operator Westfield announced a joint venture agreement with Canada Pension Plan Investment Board (CPPIB) for an ownership stake in 10 of...
Phillips Edison’s Strategic Investment Fund I closed two CMBS loans totaling $94.5 million. The loans are secured by Bridgewater Falls Shopping Center, a 600,000-sq.-ft. shopping center in Cincinnati, Ohio, and Fort Smith Pavilion, a 400,000-sq...
RBH Group, Berggruen Holdings, BRT Realty Trust, Frederick Iseman and Steel Partners Ltd. broke ground on Teachers Village, a mixed-use development in downtown Newark. When completed, Teachers Village will include 200 moderately-priced rental...
The Downtown Crossing project in Boston is about to get a new start with Millennium Partners taking over development reigns from Vornado Realty Trust...
