Skip to main content

Mergers & Acquisitions

  • Macomb Mall Shops sold

    Mid-America Real Estate Corp. announced it had brokered the sale of the Macomb Mall Shops in Roseville, Michigan, for $3.6 million.   Lormax Stern Development Company of Bloomfield Hills, Michigan, was the seller. The purchaser was an unnamed private developer.   The 8,074-sq.-ft. center, located at the northwest corner of Gratiot Avenue and Masonic Boulevard in Roseville, houses AT&T, Chipotle, and Potbelly’s.

  • Eataly entering new market

    Eataly is taking its Italian food marketplace format to Canada.   The company announced plans to open its first Canadian location in early 2019, as an anchor tenant of the newly renovated Manulife Centre in Toronto.   Eataly, which combines food markets, restaurants, and eateries, will span three stories for a total space of 50,000 sq. ft.  

  • Wal-Mart closes Jet.com deal

    It’s official: Wal-Mart is ready to service a new online customer base.   Wal-Mart’s acquisition of Jet.com was finalized yesterday, a move that extends the chain’s already vast digital presence.  

  • Five reasons why Walmart bought Jet.com

    With its deal to buy Jet.com officially close, Walmart CEO Doug McMillon decided to answer a question that many folks have been asking: Why Jet.com?   In a blog on its website, McMillon listed the top five reasons it bought the online startup. The top reason: to better serve Walmart customers and reach new ones.  

  • Casto’s focus shifts to urban projects

    Casto has been successful building shopping centers in Ohio for 70 years because it’s not afraid to shift with the times, Don M. Casto III said in yesterday’s edition of the Columbus Dispatch.   The company has increasingly joined forces with other developers on mixed-use projects and turned back to its roots of building residences and retail buildings in downtown Columbus, the paper reported.   

  • Discounter in more store closings

    Kmart continues to shrink.   The chain is closing another 64 stores, Marketwatch.com reported.   The latest round of closings are in addition to a decision by Kmart parent Sears Holdings Corp. last April to close 68 Kmart stores this year, the report said.   Kmart operated 941 stores as of Jan. 30, meaning it has now announced plans to close about 14% of its locations.

  • Mattress Firm and Steinhoff — done deal

    A South African-based company is now the owner of the largest mattress retailer in the United States.   Steinhoff International Holdings NV announced it completed its acquisition of Mattress Firm Holding Corp.    As a result of the completion of the transaction, which was first announced in August, Mattress Firm’s common stock will no longer be traded on the NASDAQ stock market.  

  • Unusual deal gives Aeropostale new lease on life — and it just got better

    A first-of-its kind arrangement has saved Aeropostale.    A consortium made up of Authentic Brands Group (ABG) and two of the nation’s largest real estate companies — General Growth Properties and Simon Property Group — announced it has finalized the acquisition of the teen apparel retailer. It is the first time that mall operators have participated in a deal to acquire a retail chain.  
X
This ad will auto-close in 10 seconds