Hartford, Conn. – Locally based The Hutensky Group formed HRI Fund LLC, a fund to invest with other financing sources in $200 million of shopping centers with turnaround potential. The Chicago-based John D. and Catherine T. MacArthur Foundation...
Chicago – According to an annual retail survey of Chicago’s “Magnificent Mile” by locally based Northern Realty Group Ltd., asking rents for retail space on North Michigan Avenue have risen 58.5 percent and the vacancy rate for specialty stores...
Vienna, Va. – Locally based ChainLinks Retail Advisors Inc. recently formed a strategic alliance with Stamford, Conn.-based ICON International whereby ChainLinks will be ICON’s exclusive retail partner. ChainLinks partnered with ICON because of...
Washington, D.C. – Johnny Duke, national director of facilities/energy for Troy, Mich.-based Kmart Corp., recently testified before the House Energy and Commerce Subcommittee on Energy and Air Quality in preparation for rolling blackouts in New...
Cleveland – Locally based Developers Diversified Realty (DDR) was awarded the exclusive management and leasing contract for Tilghman Square Shopping Center in Allentown, Pa. by New York-based DRA Advisors. DDR will receive management, leasing, out...
Miami – Acting on behalf of Belleview Florida Partners Ltd., locally based BlackRock Realty Advisors sold Belleview Regional Shopping Center in Belleview, Fla. for $10.2 million. The undisclosed purchaser completed the transaction using new...
New York – According to the locally based International Council of Shopping Centers (ICSC), shopping centers remained the central format for retail sales in the United States in 2000...
Boston – Locally based KLD & Co. Inc. recently released a white paper analyzing its decision to remove Bentonville, Ark.-based Wal-Mart Stores Inc. from the Domini 400 Social Index SM (DSI 400) based on sweatshop conditions in overseas vendor...
ATLANTA--Discover Mills, the Mills Corp.'s 1.2-million-sq.-ft. regional mall under construction in Gwinnett County, Ga., announced a licensing agreement with the Georgia Music and Sports halls of fame...
