The rumors from ICSC’s 2002 Spring Convention were proved true today when The Macerich Co. officially announced its purchase of Westcor — due to finalize in third quarter 2002...
Fast-food chain McDonald’s set tongues wagging when it announced last week it was exploring non-food retailing options in an attempt to grow business. The OakBrook, Ill.-based company controls 13,000 U.S. outlets — a...
The Donald T. Sterling Corp., based in Beverly Hills, Calif., has purchased Mark Wilshire Apartments, a 20-story, 236-unit apartment complex in Los Angeles, for $22 million. Mount Kisco, N.Y.-based Mark Wilshire...
Despite highly publicized reports of its potential acquisition by CB Richard Ellis, New York-based Grubb & Ellis has announced that it has terminated all unsolicited merger discussions with an "unrelated third...
The Shaw Co., based in Oak Brook, Ill., has begun construction on the 903-acre Manheim Business Park in Cook County, Ill. The Greater Chicago Auto Auction, the park’s anchor tenant, will move into the park next year...
Long Beach, Calif.-based RK Properties has purchased Sierra Vista Apartments, a 166-unit complex in Loma Linda, Calif., for $12.3 million. Irvine, Calif.-based Village Investment was the seller. The Ontario, Calif....
Columbus-based Cornerstone Capital Corp. has acquired 42 properties from Walgreen Co. in the largest sale-leaseback deal in the 101-year history of the drug-store chain...
Sears, Roebuck and Co. has agreed to purchase catalog retailer Lands’ End for $62 per share, or approximately $1.9 billion. Upon completion of the transaction — expected in June — Lands’ End will become a wholly owned...
Denver-based Archstone-Smith has entered the New York City market with the $209 million purchase of 101 West End Ave., a two-tower, 35-story apartment building on Manhattan’s Upper West Side. New York-based Tishman...
