Arizona-based triple net lease operator Spirit Finance Corp. is about to become the first U.S. REIT in the portfolio of Australia's financial giant Macquarie Bank Ltd. On March 13, the company agreed to be acquired by a consortium of Macquarie...
Over a 20-year period, the population in the city dropped from 638,000 in 1980 to 563,000 by 2003 even while the metropolitan area as a whole grew from 3.5 million people to 4.9 million during the same span. As a result, there was no real...
Police ended a regular bingo game that had been occurring at the Cream City Cafeteria in the Boston Store at the Southridge Mall, Glendale, Wisc. The cafeteria had been offering early-bird dinner specials where attendees, largely senior citizens...
Construction is moving ahead on the University Town Center, a 3.1-million-square-foot mixed-use development in Hyattsville, Md. The 227,000-square-foot retail portion of the center is almost completely leased, according to Tim R. Taylor, vice...
In case you're keeping score, the retail REIT deal book popped over $20 billion. Three weeks after Simon Property Group reached a deal to buy Mills Corp. for $7.9 billion and the same day Developers Diversified Realty Corp. closed on its...
You'd think that Kohlberg, Kravis Roberts & Co. L.P.'s proposed $7.3-billion acquisition of Dollar General Corp. — the second largest leveraged buyout in retail since 2004 — would have a potentially huge impact on strip center REITs...
When the Baldwin Hills Crenshaw Plaza center in south Los Angeles — long a poster child for the trials and tribulations of inner city retail — was put up for sale in late 2005, more than 20 firms were chomping at the bit to get the 20-year-old...
