Denville, N.J. — Malvern, Pa.-based IMC Construction recently broke ground on The Shoppes at Union Hill, a 90,000-sq.-ft. lifestyle center. Developed by Columbus, Ohio-based Stanbury Development, the center's tenant lineup includes Gap, AnnTaylor...
In the financial markets there is no question that Wal-Mart Stores rules. Now, a new survey shows that it is held in high esteem by retail executives. A new study of attitudes by 400 execs and 55 Wall Street analysts, show that both groups admire...
Macerich Co. has signaled its intent to join the major leagues of mall developers with its May 30 announcement of a deal to pay $1.475 billion for a collection of properties owned by Westcor Realty...
The two-year old Desert Passage is struggling to recover from the fallout after the owners of Aladdin Resort and Casino filed for Chapter 11 bankruptcy protection in late September. The 490,000-sq.-ft. center sits inside the financially troubled...
Washington, D.C. — The Alaska Permanent Fund Corp. and Rochester, N.Y.-based Wilmorite Properties formed a joint venture for ownership of Tysons Corner Center, a 2-million-sq.-ft. center with sales per sq. ft. exceeding $600. The Alaska fund...
When the refurbished Yves Saint Laurent Rive Gauche flagship opened on Fifth Avenue in New York last year, it brought together for the first time under one roof the Rive Gauche women's, men's and accessories collections and YSL fragrances and...
One of the most valuable and sought-after provisions in a retail lease for tenants is an exclusive use provision. Exclusives restrict the ability of a landlord to lease other space in a project for specified uses. This type of provision helps...
Buoyed by consumer spending at warehouse clubs, BJ's Wholesale Club is on an expansion binge. The Natick, Mass.-based retailer is bolstering its presence in Florida, where it plans a new warehouse. The chain also is opening locations in the...
