Chicago — A team made up of JMB Realty Inc. and a unit of New York-based Metropolitan Life Insurance Co. tried for more than 10 years to get something developed on downtown's Block 37, but failed to produce...
Life insurance companies are a great source of capital for the shopping center industry. And they frequently take ownership stakes in shopping centers and other real estate projects. But overall, how important is the role of life insurance firms...
When commercial real estate deals are made, everyone from broker to buyer plays an important role in the deal's success. But in coping with issues such as liability and entitlements, usually there is only one person whose approval matters: the...
Does Atlanta really need another megamall? The answer is yes, if you ask the development teams at Forest City Enterprises and Cadillac Fairview. The two companies formed a joint venture in 1997 to build The Mall at Stonecrest, a $131 million, 1.3...
Atlanta – Locally based Cousins Properties Inc. recently expanded its unsecured revolving credit facility by $125 million to $275 million and extended the term to August 2004...
Roseland, N.J. – Locally based Chelsea Property Group Inc. recently acquired 31 retail properties from Cary, N.C.-based Konover Property Trust Inc. for $180 million...
Troy, Mich. – Locally based Kmart Corp. recently appointed David Montoya to EVP, store operations, effectively immediately. Montoya will be responsible for all aspects of store operations for Kmart's more than 2,100 retail outlets and will report...