On Dec. 27, Sears Holding announced it would close 120 underperforming Sears and Kmart stores. It has now posted a partial list and identified 79 stores that it will shutter...
Discount retailer Kmart, which last month agreed to sell home improvement retailer The Home Depot as many as 24 stores for roughly $365 million, has now revised the transaction to include no fewer than 13 stores for ...
Green Park Financial and Quantum First Capital have completed the finance restructuring of a $496 million Fannie Mae Master Credit Facility for an affiliate of Olympus Real Estate Partners. The credit facility is...
Chicago-based commercial real estate service firm Jones Lang LaSalle has hired a new CEO. Colin Dyer, 51, who is now CEO of WorldWide Retail Exchange, will become the next CEO of the 17,000-employee firm on Sept. 7...
Albert Sussman, former executive vice president of the International Council of Shopping Centers (ICSC), passed away on Tuesday after a brief illness. Sussman was 88. A funeral service will be held at 10 a.m. on...
One of the nation’s most prolific buyers of office buildings is now a seller. Wells Real Estate Investment Trust has sold a four-story, Class-A office building in Tampa, Fla., for $31.2 million, or $240 per sq. ft...
Equity One, a shopping center REIT, has purchased the Medical & Merchants at San Pablo Shopping Center in Jacksonville, Fla., for $21.98 million. Anchors Publix Super Markets and Memorial Health Care Group occupy...
The New York City economy added 3,800 new private sector jobs in April. Conversely, 1,000 government jobs were eliminated, according to the New York State Department of Labor. Information, business and professional...
The Sonnenblick-Eichner Co. has arranged $12.8 million worth of first mortgage acquisition and renovation financing for The Governor Hotel, a 100-room luxury hotel and historical landmark in downtown Portland, Ore....
