It happened in the nick of time. With foreclosure proceedings already in the works on Atlanta’s Greenbriar Mall, Atlanta-based owner Hendon Properties L.L.C. has just managed to escape an impending confiscation with the sale of the 809,700-square-foot property to an unidentified foreign investor.
Inland Real Estate Acquisitions Inc. has completed a $424 million acquisition of 16 shopping centers comprising 3.5 million square feet.
It looks like some major metro areas are seeing favorable conditions. Marcus & Millichap have named Washington, DC, San Diego, and San Francisco as the three best retail markets in the country.
What snowpocalypse? The American consumer shrugged off the snows of February and went shopping in considerable numbers last month according to a number of retail surveys.
General Growth Properties has been granted an extension of the exclusivity period during which they may file a plan of reorganization.
Oak Brook, Ill.-based Inland Western Retail Real Estate Trust has signed 10 new leases totaling 316,050 square feet of big-box space since November 2009.
General Growth Properties is looking to get back to where it once belonged.
It all seemed to have started out innocently enough, with Indianapolis-headquartered Simon Property Group Inc.’s $10 billion cash offer on February 8 to buy beleaguered Chicago-based General Growth Properties Inc. But now it’s turned into a written war of words.
U.S. office property owners with international portfolios have been assaulted by high vacancy rates at home and abroad, so Houston-based Hines’ latest news out of its Madrid office is no small matter.
In a statement that categorized an 8 percent decline in fourth-quarter revenues as “anticipated and reflective of the overall economic conditions that continue to affect retail sales in general”, New York-based Jones Apparel Group announced that they will be closing 165 locations this year.