The Australian buying spree in U.S. retail real estate shows no signs of abating. In what is the largest shopping center portfolio purchase ever, Macquarie Countrywide Trust, an Australian limited property trust, and frequent joint venture partner...
After months of speculation about following November's $11 billion Kmart/Sears merger, Sears on Monday launched a new format called Sears Essential, which it says will combine the best of both stores...
The brewing battle over gift and stored-value cards heated up with New York Attorney General Eliot Spitzer launching a suit against Simon Property Group for violating the state's restrictions on gift card fees. New York joined Connecticut, New...
Canyon-Johnson Urban Fund LLC is reaping the benefits of its retail development projects. It sold two properties in the past week and is closing its second fund -- which, at $600 million, is twice as much as its first round of investment in 2001...
In the first big retail deal of 2005, Mills Corp. has purchased two Midwest malls -- one in Minnesota and the other in Wisconsin -- from -- Blackstone Real Estate Advisors and Polaris Capital for $452 million. The two projects, the 1.3-million...
Wal-Mart Stores Inc., Fortune's most admired U.S. corporation for the past two years, is quickly becoming the most reviled. From contractors locking cleaning crews in stores overnight to the state of California complaining about the cost of...
In our August 2004 issue, S.M. Wilson & Co., St. Louis, Mo., was inadvertently left out of our rankings of top contractors. With 2.51 million square feet of shell space built in the year through March 31, 2004, it would have ranked No. 10. We...
The try-it-before-you-buy-it concept has expanded with Nokia's plans to open at least 25 “experience centers” in more than a dozen North American markets by fall. The 200-square-foot stores let buyers try phones with all the latest wireless gizmos...
Less than two weeks after video rental leader Blockbuster Inc. launched a hostile takeover bid for Hollywood Entertainment Corp., Hollywood surprisingly accepted a $1.2 billion buyout offer from third-ranked Movie Gallery in early January...
