It's official, the mega-REITs rule in retail. Of the Top 10 retail property owners for 2003, only one — No. 10, Benderson Development — is privately held. Inland Real Estate Corp. — which grew the most by adding 50 million square feet — is a...
Marshall Field's flagship store on State Street in Chicago is more than 150 years old, but a recent redesign and renovation have given the revered retailer a fresh new face. Field's owner, Target Corp., teamed its in-house design team with...
Bloomfield Hills, Mich.-based Taubman Centers promoted David Weinert, 12-year vice president of leasing for its western region, to senior vice-president, heading up the company's entire leasing department. Weinert started out as a broker at...
CBL & Associates isn't wasting time reinvesting proceeds from the $387 million it's making from its venture with Galileo America REIT, the U.S. affiliate of Australia's Galileo America Shopping Trust. CBL paid $225 million for Volusia Mall in...
Art Coppola, CEO of The Macerich Co., has expressed a desire to recapture the Mervyn's space in his company's portfolio, saying he sees upside potential in re-tenanting, redeveloping or expanding those boxes. Macerich has 9 percent of its square...
Capital Lease Funding joined the ongoing flurry of IPOs last month. The 10-year-old New York-based finance company is now a REIT listed on the New York Stock Exchange under the symbol LSE. Caplease aims to raise $184 million from the equities...
Paul Harnett is breathing easier. The birth of his new baby, the Shops at Columbus Circle in Manhattan's opulent Time Warner Center, is finally over, along with the glittering grand-opening festivities and the frantic last-minute efforts to finish...
The public/private consolidation continues. Today, Developers Diversified Realty announced it is buying Benderson Development Company's 18.8 million-square-foot portfolio of shopping centers for $2.3 billion. The transaction, which represents an 8...
