American Realty Capital – Retail Centers of America, Inc. ("ARC Retail") closed its acquisition of the Tiffany Springs MarketCenter, located in Kansas City, Mo., on Sept. 26, for a contract price of $53.5 million, exclusive of closing costs.
Private equity outfit Sycamore Partners said Thursday it has completed its previously announced acquisition of Hot Topic, valued at about $600 million and returning the Hot Topic namesake stores and the Torrid banner to the private sector.
Chico's reported a lower-than-expected profit of $51.1 million for the first quarter, excluding non-recurring acquisition and integration costs related to its Boston Proper acquisition, versus a profit of $54 million in year-ago period.
Combined Properties announced that Scott Kend has joined the company as senior director of development & acquisitions, charged with leading Combined's efforts to acquire new value-add retail shopping centers and mixed-use development projects on the West Coast.
Glimcher Realty Trust announced Ward Kampf has been appointed from within to the role of SVP, strategic investments, charged with finding high-quality acquisition opportunities consistent with the company’s investment criteria.
A report released by PwC found that U.S. retail and consumer merger & acquisition activity in 2012 drove both deal volume and value up from the prior year as the number of larger deals over $1 billion almost doubled.