Mergers & Acquisitions

JTRE Holdings announced it purchased the cooperative shares of the ground floor retail portion of 349 W Broadway in Soho, New York. Adding to its rapidly growing portfolio of commercial and mixed-use assets, the property was acquired for $5 million.

Haggen has received approval from a federal bankruptcy court to sell 47 stores. Included in the sale are 33 supermarkets to Albertsons LLC, which formerly owned the stores. Albertsons sold the stores to Haggen just less than 12 months ago.

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CBL & Associates Properties announced that it has closed on the disposition of Waynesville Commons, a 128,000 sq. ft. community center located in Waynesville, North Carolina. The property was purchased for $14.5 million by affiliate of Yale Realty Services Corp.

It’s official: Smart & Final Stores is acquiring 32 Haggen stores in Central and Southern California.

It’s official: Smart & Final Stores is acquiring 32 Haggen stores in Central and Southern California.

Smart & Final has been approved by the United States Bankruptcy Court to purchase 32 store leases – four of which are supplemental to the chain’s previously announced stalking-horse bid –from affiliates of Haggen Holdings for a total cash purchase price of approximately $68 million. Smart & Final plans to convert the 32 stores to its Extra! Store format.

The Federal Trade Commission is poised to block Staples Inc.’s proposed take-over of rival Office Depot, according to the New York Post.

The newspaper reported that federal regulators are "leaning against the deal and are preparing to block it."

According to the report, the FTC is mostly concerned that a merger between the two office supply retailers will result in a single nationwide giant to serve big corporate and government clients.

The FTC has until Dec. 8 to decide whether to sue to halt the deal after extending its review.

Dunkin’ Donuts has signed a multi-unit store development agreement with a franchise group led by two former NFL players.

The chain said it has signed an agreement with Berliner III to develop 14 new restaurants in St. Louis and two new locations in Kansas City over the next several years. Berliner III is led by NFL greats and former University of Nebraska football players Kris Brown and Zach Wiegert, who have teamed up with David Scott to develop a third market.

Guest appearances by Republican presidential candidate Dr. Ben Carson at Books-A-Million stores gave the retailer a modest sales lift in the third quarter.

The company said its sales increased 0.4% to $101.6 million and same store sales increased 1.6%, thanks in part to appearances by Republication presidential contender Dr. Ben Carson. However, signs of life on the top line did not translate to bottom line improvement as Books-A-Million reported a loss of $7.1 million, or 50 cents a share, that was in line with a loss from the prior year.