Equity One Closes $200M Unsecured Term Loan
Feb 21, 2012
Equity One Inc. closed a $200 million unsecured term loan. The loan comes with a seven-year term and an accordion feature allowing for expansion to $250 million. It bears interest at the annual rate of LIBOR plus 190 basis points, subject to a...
Kimco Puts Franchise Leases on the FastTrack
Kimco Puts Franchise Leases on the FastTrack
Feb 21, 2012
In an effort to streamline the connection between franchise operators, franchisees and its leasing personnel, shopping center REIT Kimco Realty Corp. launched FastTrack Franchise, a program aimed at alerting interested entrepreneurs to available...
Record-Breaking Lease Deal Rumored on Fifth Avenue in New York City
Feb 21, 2012
Word on the street is that Mac Cosmetics, a division of Estee Lauder, signed a lease at Vornado Realty Trust’s 691 Fifth Avenue building that breaks the record for the highest rent ever paid for a New York retail space at $3,000 per sq. ft...
Related California Starts Construction on The Village at Santa Monica
Feb 17, 2012
Related California broke ground for The Village at Santa Monica, a $350 million mixed-use, mixed-income development in downtown Santa Monica, Calif...
Westfield/CPPIB Joint Venture Signals Strong Interest in Fortress Malls
Westfield/CPPIB Joint Venture Signals Strong Interest in Fortress Malls
Feb 16, 2012
The Westfield Group’s sale of a 45 percent stake in its U.S. malls to Canada Pension Plan Investment Board (CPPIB) showcases once again institutional investors’ appetite for core retail assets in the United States. In the year ahead, more and more...
Canada Pension Plan Investment Board Pays $1.8B in Equity for Stake in Westfield’s Centers
Canada Pension Plan Investment Board Pays $1.8B in Equity for Stake in Westfield’s Centers
Feb 15, 2012
In what appears to be one of the largest retail investment sales transactions year-to-date, Australian mall operator Westfield announced a joint venture agreement with Canada Pension Plan Investment Board (CPPIB) for an ownership stake in 10 of...
Phillips Edison Closes $94.5M in CMBS loans on Centers in Ohio and Arkansas
Feb 13, 2012
Phillips Edison’s Strategic Investment Fund I closed two CMBS loans totaling $94.5 million. The loans are secured by Bridgewater Falls Shopping Center, a 600,000-sq.-ft. shopping center in Cincinnati, Ohio, and Fort Smith Pavilion, a 400,000-sq...
Mixed-Use Center Breaks Ground in Newark
Feb 10, 2012
RBH Group, Berggruen Holdings, BRT Realty Trust, Frederick Iseman and Steel Partners Ltd. broke ground on Teachers Village, a mixed-use development in downtown Newark. When completed, Teachers Village will include 200 moderately-priced rental...
Downtown Crossing Project Gets New Developer in Millennium Partners
Downtown Crossing Project Gets New Developer in Millennium Partners
Feb 09, 2012
The Downtown Crossing project in Boston is about to get a new start with Millennium Partners taking over development reigns from Vornado Realty Trust...
World’s Largest Shopping Malls
Feb 08, 2012
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