The Lightstone Group LLC, a private New Jersey-based real estate company, has entered into an agreement to buy Baltimore-based Prime Retail for $638 million, including $115 million cash to be paid to share and unit holders and $523 million in...
SuperValu will soon be the owner of troubled Chicago grocery chain Dominick's, according to this weekend's Crain's Chicago Business, which cited unnamed insiders as sources. The sale is expected to close at the end of the month. Currently owned by...
Simon Property Group is buying San Jose, Calif.'s Stanford Shopping Center for $333 million. According to Deutche Bank Securities, that equates to $256 per square foot for 1.3 million square foot leasehold interest. The property sits on land that...
Wouldn't convenience stores be even more convenient — and profitable — if they sold the same high-quality perishables found in full-size stores? And wouldn't grocery chains prefer to get food dollars out of smaller, convenient locations than lose...
It's a veritable love-in between lenders and owners of retail real estate these days. While banks and institutions are tightening lending criteria to reduce the risk of defaults by other commercial property owners, the retail sector is being...
June was a great month for booksellers. Oprah restarted her book club, Hillary bared her soul and, best of all, Harry Potter and the Order of the Phoenix surprised even the most optimistic pundits. What with book sales down as much as 5 percent...
