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Mergers & Acquisitions

  • Reports have Wal-Mart exploring Brazilian deal

    New York City -- Wal-Mart Stores is again looking into a possible deal to buy Carrefour’s Brazilian unit, according to reports by Bloomberg News and The Wall Street Journal.

    According to the reports, the acquisition would enhance Wal-Mart’s position in Latin America.
     

  • Baker Katz leases former Hollywood Video space

    Kingwood, Texas -- Houston-based brokerage firm Baker Katz, an X Team International partner, said Thursday it has leased the former Hollywood Video at 2158 Northpark Drive in Kingwood, Texas, to First Choice Emergency Room.

    First Choice Emergency Room plans to adapt the 6,000-sq.-ft. former Hollywood Video by adding a covered ambulance entrance, installing a back-up generator and reconfiguring the interior to accommodate for examination rooms, a waiting area, labs and other medical necessities.
     

  • SRS Real Estate names senior associate

    Dallas -- SRS Real Estate Partners announced Thursday it has hired Lenny Eterno as a senior associate in the South Florida office.

    Eterno will be focusing on the Miami Beach and downtown Miami trade areas.

    Prior to joining SRS, Eterno worked for SRS’ affiliate, Cypress AutoGroup, LLC, where he completed transactions throughout the southeast.
     

  • Great American Group to handle Pierre Deux disposition

    Woodland Hills, Calif. -- Great American Group said Thursday it has been retained to manage the going-out-of-business sale of all Pierre Deux stores, a French furnishing retailer that operated across 13 states.

    Pierre Deux ceased business operations and filed for Chapter 7 bankruptcy protection on June 23.

    “The trustee has charged us with selling the company’s inventory in all of the stores,” said Scott Carpenter, executive VP and the head of the Retail Services Division for Great American Group.

  • Kohl's names new board member

    MENOMONEE FALLS, Wis. — Kohl's announced that its board of directors has elected John Schlifske as a new board member, effective immediately. He has been elected to a term expiring at Kohl's 2012 annual shareholders meeting and will be eligible for re-election by Kohl's shareholders at that time. He will initially serve on the board of directors' governance and nominating committee.

  • Taubman to acquire Chinese retail property consultancy for $24 million

    Bloomfield Hills, Mich. -- Shopping center owner Taubman Centers reported Monday that its Taubman Asia division will acquire 90% controlling interest in TCBL Consulting Limited, a Beijing-based retail real estate consultancy with seven offices in mainland China.

  • Regency Centers purchases Rockridge Center for $20.5 million

    Jacksonville, Fla. -- Regency Centers said Monday it has acquired Rockridge Center, a 125,213-sq.-ft. grocery-anchored neighborhood center in Plymouth, Minn.

    The property was purchased in an off-market transaction for $20.5 million from private real estate development company Hempel Properties.

    This is the second grocery-anchored shopping center acquisition by Regency within 45 days.

  • CBRE announces exec promotion

    New York City -- CB Richard Ellis Group, Inc. announced Tuesday that Matt Van Buren has been promoted to president, New York Tri-State Region.

    Van Buren joined CBRE in January 2006. Previously, he served as executive managing director, with responsibility for CBRE's Midtown Manhattan brokerage division, as well as all activities relating to the firm's operations at its New York City headquarters at 200 Park Avenue.

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