Just a few weeks after paying Toys "R" Us more than $197 million for 124 Kids "R" Us stores, Office Depot sold 20 of the stores to Petco for $45 million plus lease obligations. These acquisitions will allow Petco to penetrate new markets such as...
Office Depot announced plans to purchase 124 former Kids "R" Us Stores from troubled conglomerate Toys "R" Us for $197 million, but only 50 or 60 of those stores will actually become Office Depots, says Deutsche Bank Securities analyst Michael...
Seventy-two companies are attending Smith Barney's REIT CEO conference in Florida this week, making presentations to investors about the state of their businesses. Here are some of the highlights from the presentations...
It's a shock when you first realize you've become a fossil. It might happen when the tenant rep you're meeting with turns out to be your daughter's age, or when the kid who started out answering phones gets promoted to vice president of...
In November, gifting is all any retailer wants to talk about. But come January, it's a forgotten topic. And that's a missed marketing opportunity for retailers, especially department stores...
Acadia Realty Trust is taking the offense in its dealings with troubled retailers. The White Plains, N.Y.-based REIT, which has a history of turning dark Caldors, Ames and Grand Union stores into Wal-Marts, Home Depots and Shaws, is putting $60...
Wal-Mart may be preparing to take a bite out of Jacksonville, Fla.-based grocer Winn-Dixie and its trough of Southeastern stores now that the 1,070-unit chain's troubles are growing. Winn-Dixie is undergoing a massive restructuring after posting a...
Bank of America plans to open 200 retail centers in 2004 and 2005, focusing on the top 25 U.S. markets. The company's new 4,600-square-foot prototype requires 1 to 1.5 acres of land for purchase or ground lease. Bank of America is targeting...
Craig Macnab is the new CEO of Orlando, Fla.-based Commercial Net Lease Realty Inc. Previously CEO of Atlanta-based JDN Realty Corp., Macnab succeeds James Seneff Jr., who will continue on as chairman of the board...
