The whole world may speak English, but Simon Global chairman Hans Mautner wants to learn the local languages as he explores international markets. “Even a basic understanding does not help much with the nuances which are so important,” he says...
CBL & Associates Properties Inc. and joint venture partner The MGHerring Group have signed on 16 new retailers and restaurants for Imperial Valley Mall in El Centro, Calif. The 741,000-square-foot mall is slated to open in March 2005...
Even in a season of big deals, General Growth's $12 billion acquisition of Rouse stands out. One clear reason is price. General Growth agreed to pay $67.50 a share for the Columbia, Md.-based Rouse, a 33 percent premium over the REIT's previous...
Approximately 46 million square feet of retail space is located in the Florida counties that were beaten and battered by hurricane Charley and tropical storm Bonnie this past week. Among public REITs, Miami-based Equity One has the highest...
Mills Corp. is paying $1.3 billion for full interests in three B-class malls and 50 percent interests in five A-Class malls controlled by General Motors Pension Trust, according to Citigroup Smith Barney analyst Jonathan Litt. Several REITs have...
General Growth Properties is following its peers and investing in retail properties outside U.S. borders, though at a more cautious pace than rivals Mills Corp. or Simon Property Group. The Chicago-based REIT, currently the second largest owner of...
Florida is a hothouse for the various trends currently influencing retail real estate development nationwide. Explosive growth in customer volume is spurring new development, while the rise in domestic tourism and the changing face of “retirement”...
Limited Brands could be making another attempt to roll out its Henri Bendel brand nationwide. Limited is opening a new store at Easton Town Center in Columbus, Ohio, this fall. The store will be the first Bendel outside of Manhattan in about seven...
