Mergers & Acquisitions

Lowe's steps it up in Canada with RONA purchase

Lowe's is making major moves in Canada with the $2.3 billion purchase of RONA Inc., a Canadian home improvement retailer and distributor.

Lowe's had previously made an unsolicited bid on the company more than three years ago, but the substantially higher offer this time around was accepted by Rona's board.
Lowe’s in big step up in Canada with purchase of home improvement chain
Lowe's is making major moves in Canada with the $2.3 billion purchase of Rona Inc., a Canadian home improvement retailer and distributor.

Lowe's had previously made an unsolicited bid on the company more than three years ago, but the substantially higher offer this time around was accepted by Rona's board.

Brixmor Property Group signs grocery-anchor at Highridge Plaza

Yonkers, N.Y. -- Brixmor Property Group announced it has strengthened its tenant offering at Highridge Plaza in Yonkers, New York, with the addition of Hmart, an Asian-American supermarket chain. Hmart is scheduled to open a 41,764-sq.-ft. store in fourth quarter 2016.
Publix looks north as it enters its seventh state

Publix Super Markets has signed leases to open its first-ever stores in the state of Virginia.
Carry On, Salt Lake City International Airport

Brookstone has unveiled a new retail brand, Carry On, in the Delta Terminal at the Salt Lake City International Airport.

Created for airport locations and designed by Boston-based Bergmeyer Associates, the approximate 800-sq.-ft. store offers an assortment of travel-friendly products, from “packable” apparel to luggage and wallets. Additional locations are expected to open this year.
Gordon Brothers finance unit names board member CEO

Eugene Martin was named president and CEO at Gordon Brothers Finance Company succeeding Patrick Dalton who had previously announced plans to step down.
Publix heads north, enters seventh state

Publix Super Markets has signed two leases for its first stores in Virginia.

The first Publix locations in that state will be in Bristol and in the greater Richmond area of Glen Allen. The Bristol store, at 54,000 square feet, will be located at the northeast corner of Lee Highway & Clear Creek Road in Washington County. In the greater Richmond area, the Glen Allen store, at 49,000 square feet, will be located at the northeast corner of Nuckols Road & Twin Hickory Road in Henrico County.
Inland names executive VP and head of property management

Oak Brook, Ill. -- Inland Investment Real Estate Services hires Niall J. Byrne as executive VP and head of property management. Byrne will be responsible for IIRES’s property management for Inland Investments, Inland National Development Corporation and Inland Institutional Capital Partners.
Westwood Financial acquires seventh southeast property

Pensacola, Fla. -- Westwood Financial Corp. announced it has acquired the Shoppes at Milestone, a fully-leased shopping center located in Pensacola, Florida. The 19,700-sq.-ft. shopping center is shadow anchored by Publix and is the firm’s seventh Florida property.
Hancock Fabrics files for bankruptcy, considers sale of company

Hancock Fabrics has filed for bankruptcy again and said it might put the entire company of 250 retail sewing and crafting stores up for sale.

Lowe's steps it up in Canada with RONA purchase

Lowe’s in big step up in Canada with purchase of home improvement chain

Brixmor Property Group signs grocery-anchor at Highridge Plaza

Publix looks north as it enters its seventh state

Carry On, Salt Lake City International Airport

Gordon Brothers finance unit names board member CEO

Publix heads north, enters seventh state

Inland names executive VP and head of property management

Westwood Financial acquires seventh southeast property

Hancock Fabrics files for bankruptcy, considers sale of company