During a recent conference call, a securities analyst asked Craig Macnab, the new chief executive of Commercial Net Lease Realty if the Orlando, Fla.-based REIT was on the auction block? Macnab said he was not considering a sale, but the question...
Robert Ferguson is the new senior vice president of development for Arlington, Va.-based Mills Corp. Ferguson will oversee all expansions and renovations of the REIT's U.S. centers and will report to executive vice president, domestic development...
Simon Property Group has shifted its expansion strategy into the premium factory outlet segment with its recent $4.8 billion acquisition of the 16.6 million-square-foot portfolio of Chelsea Property Group...
Sam Walton believed in strict control — of store operations, of product quality and most certainly of expenses. Walton's dedication to keeping his hands on the wheel played a big part in parlaying his first enterprise, a franchised Ben Franklin in...
Sears is shelling out $621 million in cash for ownership and leasehold interests in as many as 54 Kmart stores and seven Wal-Mart stores. The Chicago-based retailer paid about $10 million per store. Most of the acquired stores are in large urban...
The Wet Seal Inc. could be on the verge of filing for Chapter 11 bankruptcy protection. The move could allow the chain, which includes Arden B., Zutopia and Wet Seal stores, to immediately reject leases and stop paying rent on any of its...
The man credited with turning the shopping center industry into a cohesive entity died today at age 88. Alfred Sussman, the ICSC's very first employee, served the powerful trade organization for 28 years, retiring in 1986 from his post as...
Target Corporation has reached a definitive agreement to sell its Marshall Field's business unit to The May Department Stores Company for approximately $3.2 billion in cash...
