Rocky Hill, Conn. – Locally based Ames Department Stores Inc. plans to shutter 47 stores in 10 states in an effort to return to profitability. The stores are expected to close by the end of October...
Chicago – Locally based General Growth Properties Inc. recently acquired Tucson Mall in Tucson, Ariz. from a private partnership for approximately $180 million. The property is expected to produce approximately $15 million of net operating income...
Minneapolis – Locally based Nash Finch Co. recently acquired Omaha, Neb.-based U Save Foods Inc. through a purchase of U Save's capital stock. U Save Foods was a privately held company with 14 supermarkets operating in Nebraska, Kansas and...
Minneapolis – Locally based Target Corp. recently filed a lawsuit in the U.S. District Court in Minnesota charging Troy, Mich.-based Kmart Corp. with violating the federal Lanham Act, which governs truth in advertising and Minnesota's consumer...
Pittsburgh – The locally based Gustine Co., an affiliate of the Armstrong Group of Cos., and Tampa, Fla.-based AG Development Group recently announced a joint venture to form AG Armstrong Development LLC. The new company will provide full-service...
New Hyde Park, N.Y. – Locally based Kimco Realty Corp. recently acquired five shopping centers totaling $98.2 million for the Kimco Income REIT (KIR). KIR is Kimco's strategic joint venture with institutional partners geared toward investing in...
Eden Prairie, Minn – Locally based Best Buy Co. is spending $377 million to acquire Burnaby, B.C.-based Future Shop Ltd., Canada’s No. 1 retailer of consumer electronics. Future Shop will operate as a separate Canadian subsidiary of Best Buy...
