Four years ago, Arlington, Va.-based Mills Corp. was fitting a proposed discount mega-mall in New Jersey's Meadowlands for a casket. The REIT began working on the project in 1994, but environmental groups, federal agencies, residents and nearby...
Westfield America has decided to stop attaching the “Shoppingtown” moniker to projects it opens from now on. But, if you've become used to the mouthful don't worry, Westfield is not changing any of the existing Westfield Shoppingtowns.
Minneapolis-based Goldner Hawn Johnson & Morrison (GHJM), a private equity investment firm, says it has agreed to acquire Green Bay, Wis.-based ShopKo, a publicly traded company on the New York Stock Exchange, for slightly more than $1 billion...
JCPenney Corporation Inc. has arranged a $1.2 billion unsecured line of credit, which will last five years. The new facility replaces a $1.5 billion secured line that will expire at the end of May this year. JPMorgan Securities arranged the new...
Doron Valero, president of Equity One Inc., knew he had a problem. Two shopping centers in his portfolio were losing Kmarts while Winn-Dixie was pulling out of two others, leaving 50,000-square-foot gaps at each center...
Not sure what to get your husband or boyfriend for his next birthday? Chances are he would like a video game rather than a CD. According to a new study by Nielsen Entertainment's Interactive Group, men are now spending about $33.60 a month on...
Small retail properties support the needs of modern life, from eating to dry cleaning to movie rentals. Shoppers can cash a check, pick up a prescription, get their hair styled or buy flowers at such stores. Indeed, strip malls and freestanding...
A typical shopping center, mall or power center draws consumers who are attracted by the anchor tenant. Whether it's TV's Are Us, Uncle Larry's Really Big Department Store or the newest branch of The Super Mega Fantastic Family Clothing Warehouse...
Long admired for its knowledge of real estate, Kohlberg, Kravis, Roberts & Co. (KKR), which is part of the team buying Toys ‘R’ Us, is now letting investors cash in on that expertise. In mid-April, the private equity group filed with the...
The Washington Capitals will, assuming there is a next NHL season, practice in an ice rink being built on the eighth floor of a parking lot adjacent to Forest City's Ballston Common Mall. Open to the public, too — from 6 a.m. to midnight seven...
