Simon Property Group Inc. will unify the two main shopping venues of King of Prussia Mall in King of Prussia, Pa. The project will involve a multi-level expansion connecting the five-anchor 1.68-million-sq.-ft. plaza...
Federal Realty Investment Trust closed on a $275 million unsecured term loan. The loan features an interest rate at an annual rate of LIBOR plus 145 basis points, with a November 2018 maturity date. It also comes with...
Simon Property Group Inc., Woodmont Outlets and EWB Development LLC signed a letter of intent to create a joint venture agreement for the development, construction, leasing and management of St. Louis Premium Outlets...
Airport operators have had a fondness for retail for quite some time given the great synergy between high foot traffic, captive consumers and the high probability of impulse purchases. In the mid-2000s, some U.S...
Prestige Properties will develop The Mall at Bay Plaza, a $270 million, 780,000-sq.-ft. fashion mall in the Bronx. The mall will be located on a corner parcel at Prestige-owned Bay Plaza Shopping Center and will use...
The Macerich Co. secured a $200 million first mortgage from Prudential Mortgage Capital Co. and Northwestern Mutual Real Estate Investments for Los Cerritos Center, a 1.3-million-sq.-ft. regional mall in Cerritos...
Vestar Development, in a joint venture with Rockwood Capital, agreed to acquire The District at Green Valley Ranch, a 384,107-sq.-ft. retail center outside of Las Vegas, from LNR Partners LLC for $79 million in an all...