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Mergers & Acquisitions

  • Post-Recession Leasing Could Prove Challenging for Discounters

    By Michael Havdala, [email protected]

    When the Circuit City and Linens N’ Things spaces began to go dark in 2008, many landlords wondered who would step up to take their places. These concerns only deepened as the economic downturn cast doubt over retail leasing prospects.

  • Casual Male opens Destination XL in Phoenix, on track to open 100 new stores

    Canton, Mass. -- Casual Male Retail Group said Monday it has opened a new, 12,663-sq.-ft. Destination XL in Phoenix, which joins five locations in Georgia, Illinois, Texas, Nevada and Tennessee.

    The company said it plans to open up to 13 DXL stores during the balance of 2011, another 20-30 stores during 2012 and approximately 100 stores over a four to five year period.

    Casual Male also said it is preparing to launch a DXL website, with a multi-channel solution similar to the DXL store experience. 

  • Carl’s Jr. expands in Texas

    Dallas -- Venture Commercial Real Estate announced the completion of several transactions that will bring new Carl’s Jr. restaurants to Garland, Balch Springs, Lufkin, and Beaumont, Texas, by the end of the year.

    With the addition of these four locations owned and operated by RWJP Star Enterprises, the total number of Carl’s Jr. restaurants in Texas will be 48.

  • Donahue Schriber completes $1.2 billion recapitalization

    Costa Mesa, Calif. -- Costa Mesa, Calif.-based shopping center developer Donahue Schriber announced it has successfully completed the final piece of a $1.2 billion balance sheet recapitalization.

    The recapitalization occurred through several transactions.  The final piece was a $365 million refinance with a bank syndicate led by Bank of America and also included Wells Fargo Bank, U.S. Bank, PNC Bank, Union Bank and City National Bank. 

  • Bottom Dollar Food grocery chain expanding

    Salisbury, N.C. -- Discount grocery chain Bottom Dollar Food announced Monday plans to enter the greater Pittsburgh and Youngstown, Ohio, markets.

    The expansion includes 14 stores that will open in 2012 and slated to create more than 600 jobs.

  • Bet your 'Bottom Dollar' grocery chain expanding

    SALISBURY, N.C. — Discount grocery chain Bottom Dollar Food announced plans to enter the greater Pittsburgh and Youngstown, Ohio, markets.

    The expansion includes 14 stores that will open in 2012 and is said to create more than 600 jobs.

  • Wal-Mart’s path into India may be getting easier

    New Delhi, India -- A Monday report by Bloomberg said that an Indian governmental panel recommended easing market-entry restrictions, making Wal-Mart Stores’ and Carrefour SA’s path into the India retail market potentially much easier.

    Citing a finance ministry official as its source, Bloomberg reported that a panel of New Delhi bureaucrats recommended on Friday that overseas companies be allowed to own up to 51% of stores that sell more than one brand if they invest a minimum of $100 million.

  • Dollar General divisional president to retire

    Goodlettsville, Tenn. -- Dollar General Corp. announced Monday that Kathleen Guion, division president of store operations and store development, will retire from the company effective July 31, 2012.

    According to Dollar General, during her tenure Guion oversaw more than 9,500 stores in 35 states and revamped the company’s real estate strategy. Before assuming her current role in November 2005, Guion served as executive VP store operations. Prior to joining Dollar General in 2003, she served as president and CEO of Duke and Long Distributing Co.

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