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$175M Fetches Kimco Full Ownership in 21 Shopping Centers
Shopping center REIT, Kimco Realty Corporation (NYSE:KIM), has acquired an 85% interest in the 21 retail properties held under PL Retail Portfolio, its joint venture fund with DRA Advisors. The$175 million acquisition brings Kimco's ownership in the portfolio to 100%. Kimco said the purchase price was based on an "enterprise price" of $825 million, which is comprised of $805 million for existing assets and $20 million...
Borders Closing 200 Waldenbooks Stores in January
The country's second-largest brick and mortar book retailer, Borders Group, is closing 200 of its mall...
Equity One Acquires Westbury Plaza for $103.7M from Kimco/DRA
On Oct. 29, Equity One acquired Westbury Plaza for $103.7 million from joint owners, Kimco Realty Corporation...
Blackstone and Glimcher Launch $320M Joint Venture
The Blackstone Group and mall REIT, Glimcher Realty Trust, entered into a joint venture agreement that...
$117M Buys Prestigious Fifth Ave. Retail Address at St. Regis New York Hotel
An investment group comprised of Crown Acquisitions, Goldman Properties and The Feil Organization acquired...
Coventry Files $500M Lawsuit Against Developers Diversified
Late on Nov. 4, New York-based Coventry Real Estate Advisors announced that it filed a $500 million lawsuit...
Emerging Trends: "The Bottom is Near!" Predict CRE Forecasters
Having reviewed the next round of commercial real estate surveys, forecasts and emerging trends issued...
Back to the Future: CRE Prices Falling Back to Pre 2004 Levels
While it has been widely assumed that the bulk of the damage from the devaluation of commercial real...
Bank Watch: FBOP Flops; U.S. Bank Takes Over $18.2 Billion in Assets
U.S. Bank of Minneapolis, MN, is taking over the troubled operations of the banking subsidiaries of FBOP...
Retail Experts Divided over Holiday Sales & Traffic Expectations
The 2009 holiday retail sales projections are out and experts are divided over whether retailers can...
Reversal of Fortune? Apartment Investment Activity Picking Up
A flurry of recent apartment transactions and positive reports from the trenches by apartment owners...
Lease Up/Lease Down (Nov. 1-7): AT&T, Wachovia Renew in Florida
News of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and...
Updated: FDIC Adopts Guidelines For 'Prudent' CRE Loan Workouts
As CoStar reported a couple weeks ago, the government announced plans to unveil workout guidelines...
LG Electronics Extends 409,000-SF Lease Southeast of Chicago
LG Electronics USA Inc. renewed its 408,966-square-foot lease at 875 Crossroads Parkway, Romeoville,...
In The Pipeline: CoStar Development and Construction News for Nov. 1-7
In this week's issue, Atlanta-based IDI delivers a 130,000-square-foot build-to-suit to Porsche America...
CoStar's Retail News Roundup: Nov. 1 - 7, 2009
This week in the Retail Roundup, CoStar reports on expansions or new concepts at Prime Retail and Edible...
Equity Residential Pays $100M for Arlington Multifamily
Equity Residential closed its purchase of Metropolitan at Pentagon Row, a 326-unit apartment complex...
ProLogis To Sign United Natural Foods to 590,000-SF Facility
ProLogis will lease its new 590,000-square-foot distribution center at 2100 Danieldale Road in Lancaster...
Despite Erosion in CRE Assets, Bankers Ask: "What? Me Worry?"
Banks continued to report further erosion in commercial real estate-related credit quality and weak or...
Bank Watch: Capmark Financial Group Goes Chapter 11
Capmark Financial Group Inc. and some of its subsidiaries filed voluntary petitions for relief under...
CB Richard Ellis Expanding I-Bank to the U.S.
CB Richard Ellis Group Inc. is expanding its existing U.K.-based investment banking platform into the...
Real Money (Oct. 29, 2009): Capital Raisings, Property Financings
Hovnanian Enterprises Inc . closed an offering of $785 million of senior secured notes due 2016. The...
Pain Persists, But Worst May Be Over for Nation's Industrial Real Estate Market
The vacancy rate for U.S. industrial space eclipsed 10% and negative absorption topped 44 million square...
Q3 Retail Real Estate Report: Better but Not Out of the Woods Yet
CoStar Group subscribers who attended this week's webinar led by Jay Spivey, CoStar Group's Senior Director...
Lease Up/Lease Down (Oct. 25-31): Big Renewals in Tri-State Area
News of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and...
Broadridge Renews for 373,000 SF in Jersey, Manhattan
After weighing its options, Broadridge Financial Solutions is staying put in the Tri-State region, renewing...
RioCan to Invest $220M+ in Cedar Shopping Centers
Port Washington, NY-based shopping center REIT, Cedar Shopping Centers, Inc. (NYSE: CDR), and Toronto...
Premier Moving HQ to Charlotte
Premier Inc. is moving its corporate headquarters to Charlotte, NC, signing a 15-year lease at the Boyle...
In The Pipeline: CoStar Development and Construction News for Oct. 25-31
In this week's issue, a joint venture will break ground in Washington, D.C. on a 362,000-square-building...
CoStar's Retail News Roundup: Oct. 25 - 31, 2009
This week in the Retail Roundup, CoStar reports on expansions or new concepts at Wal-Mart and 77kids...