Retail Traffic
Louisville’s Springhurst Towne Center Trades for $78M
The Louisville, Ky.-based center sold for almost twice its price in 2009.
DDR Launches Tenant Incubator Program
The program will help new business owners set up shop at DDR properties.
Department Store Sector Split Between Winners and Losers
Macy's and Nordstrom outperform, Penney's tries to catch up and Sears seems headed for extiction.
Borrower Trends 2012: Capital Markets Recovery Holds Steady
According to National Real Estate Investor’s annual Borrower Trends Survey, more than half of lenders (56 percent) and 44 percent of borrowers are predicting that credit will be more widely available in the coming year.
Cedar Realty Closes on $300M Senior Secured Credit Facility
The transaction included a $75 million term loan and a $225 million revolving credit facility.
ICSC Nominates Brad Hutensky as Chairman for 2012-2013
If Hutensky is elected during ICSC's May meeting, he will become chairman for next year's term.
Private Equity Buyout Might be Talbots’ Last Chance
Talbots faces extinction unless it makes major changes in merchandising, store count.
Deloitte Study Discusses the Store of the Future
The study advises retailers on how to promote the bricks-and-mortar sales channel.
Crocs to Use New Prototype to Communicate Brand Changes
The new store design will allow the shoe manufacturer to transition into a lifestyle brand.
Glimcher Closes $77M Loan on Town Center Plaza in Kansas
Glimcher Realty Trust retires a loan it used to purchase the property in 2011.
EHB to Develop 700,000 SF Mall in West Las Vegas
EHB Cos. will develop Las Vegas Renaissance next to its Tivoli Village project.
Blackstone/DDR Acquisition Signals Appetite for Portfolio Deals in the Retail Sector
Institutional buyers want quality shopping center portfolios, but good deals are hard to find.
Rouse Becomes Independent
Rouse started trading on the New York Stock Exchange as a REIT that specializes in class-B malls.
Federal Realty Buys Controlling Stake in Montrose Crossing for $127M
Federal Realty bought an 89.9 percent stake in a dominant retail property in Rockville, Md.
Federal Realty Brings AMC to Assembly Row; Inks Deal with Avalon Bay
Federal Realty's recent announcements at its Assembly Row mixed-use development lead the week's roundup of project and people announcements.
CBL, Horizon Partner on Atlanta Outlet Center
CBL & Associates Properties and Horizon Group Properties have formed a second joint venture on the heels of their successful development of the Outlet Shoppes at Oklahoma City.
Blackstone, DDR Form JV to Acquire EDT Retail Portfolio for $1.4B
Blackstone and DDR have formed a joint venture to acquire 46 shopping centers.
Why Taubman Turned Regency Square Over to its Lenders
Taubman Centers turned over Richmond, Va.'s Regency Square to its creditors.
TIAA-CREF Purchases New York Retail Condo
TIAA-CREF's purchase of a New York retail condominium leads a roundup of finance and investment deals.
A Strong Holiday Shopping Season Bodes Well for 2012
Same-store sales rose 3.5 percent in December, meeting expectations for the holiday shopping season.