Columbus, Ohio-based Wendy’s International Inc. is making a smart move with its recently announced acquisition of the Thousand Oaks, Calif.-based Baja Fresh restaurant chain, analysts say. In a deal scheduled for completion this month, Wendy’s...
Tucson, Ariz. — Developer Larry Feldman acquired Foothills Mall, a 482,351-sq.-ft. entertainment and retail center in Tucson, Ariz., for $54 million. The purchase price included certain business interests, management operations, vacant land...
Having just returned from the ICSC Spring Convention in Las Vegas, several major retailing trends are still top of mind. In particular, though, I couldn't help noticing one overriding theme — the largest public retail real estate companies...
Winn-Dixie is keeping a lid on its SaveRite store conversion plans. But at least in the Atlanta market, nearly all 40 Winn-Dixies have been converted to SaveRite warehouse stores since the end of last year...
Rouse Co. has landed Neiman Marcus as its first anchor in Forsyth Commons, a planned $350 million open-air regional mall 35 minutes outside of Atlanta. Neiman Marcus committed to a 120,000-sq.-ft. full-line department store, according to the Texas...
GE Capital this week acquired 59% of Jacksonville, Fla.-based Regency Centers, the nation's largest owner of grocery-anchored neighborhood centers. And analysts, who predict a double-digit return should GE Capital gobble up the remaining 41%, say...
It's big. It's green. Will it fly? The Pyramid Cos.' planned DestiNY USA, scheduled to open near Syracuse, N.Y., in the summer of 2004, has been billed as the world's largest green commercial endeavor...
Sears plans to boost its apparel business by acquiring Dodgeville, Wisc.-based Lands' End, the specialty apparel retailer known for its catalogue and Internet sales. The $1.9 billion all-cash transaction, expected to close this month, will enable...
Whatever happened to the strip center of yesteryear? Not that long ago, the neighborhood centers that dot the U.S. landscape were filled with local talent. Shoppers could count on folksy banter at Mr. Green's pharmacy, photos of grandchildren...
