RioCan Real Estate Investment Trust, the largest Canadian REIT, is joining the move by Canadian investors into the U.S. market. The Toronto-based company is launching a $1.5-billion joint venture with Ramco-Gershenson Properties Trust, which owns...
Ever since the old Gimbel's store on Herald Square was gutted and turned into a vertical mall in 1989, the property has struggled as a retail venue. Now, Vornado Realty Trust, is taking over the 1-million-square-foot building in a $689 million...
Caruso Affiliated secured a $300 million construction loan for the Americana at Brand, a $429 million retail and residential project in Glendale, Calif. Scheduled to be completed in the spring of 2008, the Americana at Brand will contain 475,000...
Hat World, a subsidiary of Genesco Inc., entered into an agreement to acquire Hat Shack, Inc., a Marietta, Ga.-based retailer that operates 49 headwear stores in the southeastern United States, for $18 million. The transaction is scheduled to...
In the years since 9/11 there has been a lot of talk about the need to beef up security at commercial facilities. Shopping center owners, however, have been slow to adapt as three recent incidents reveal...
Employees at the China headquarters of Wal-Mart Stores Inc. have set up a Communist Party branch. This comes just months after China set up state-sponsored unions for Wal-Mart's 36,000-strong China workforce. Several Wal-Mart stores also have...
When Tower Records declared bankruptcy, the move caused some extra pain in New Orleans. The Tower Records in the French Quarter was the only major music store in the city and it carried a fair amount of music produced by local musicians sold on...
The Mall of America was home to the largest gingerbread house ever built — a 67-foot tall creation designed by self-proclaimed “gingerbread artist” Roger Pelcher. The house will be entered into the Guiness Book of World Records. It took nine days...
American Girl Place is getting some new digs in Chicago. The popular hangout for young girls and their mothers will be taking half of Lord & Taylor's site at Water Tower Place. The new American Girl Place will occupy 52,000 square feet on the...
