Faris Lee Investments negotiated the sale of Kauai Village, a 110,000-square-foot retail center in Kapaa, Hawaii, from PASSCO to a group of California investors led by Diversified Equity Investment Corp. for $40 million. David Lee, chairman, and...
After struggling for a year to find a buyer, Mills Corp. accepted two buyout offers in less than four weeks. The Chevy Chase, Md.-based company's board reached a deal to be acquired by Simon Property Group's and Farallon Capital Management's $25...
Ever since an expansion in 2001 brought a teen-oriented retail wing to Mayfair Mall, a 1.1-million-square-foot superregional center in Wauwatosa, Wis., unruly teens have been plaguing the property. After the closing of two nearby malls and the...
In recent years, mixed-use development has become the hottest trend in the shopping center industry; everyone is doing it. But as popular as this property type is, it is a far more risky undertaking than traditional shopping centers...
In late February, five people went to the Trolley Square Mall in Salt Lake City and never returned home. They were gunned down in a Columbine-esque shooting when 18-year-old Sulejmen Talovic walked onto the property armed with a backpack full of...
The Winston-Salem/Greensboro/High Point region is expecting a wave of growth as employment centers come on line. Most prominently, the region is getting a new $500-million Dell Computer plant and a $300-million Federal Express sorting facility...
Improved fundamentals, a cache of capital and continued innovation in capital markets have converged this year to create a “perfect calm” for commercial real estate financiers...
Asheville, N.C., a city of nearly 75,000 nestled in the foothills of the Smoky Mountains, has long been known as an eclectic spot. The city is home to several small universities and has built up a culture mixing college students, recent graduates...
Charlotte-based Hill Partners, Inc., is building Clemmons Town Center, a 540,000-square-foot, open-air lifestyle center, which will be integrated with the city's downtown master plan...