Mergers & Acquisitions

Justice continues to be a drain for the Ascena Retail Group, but in the fourth quarter Lane Bryant also proved to be a burden, as the company reported a drop in same-store sales.

The operator of Justice, as well as stores under the Lane Bryant, Cacique, Maurices, Dressbarn, and Catherines brands, said combined same-store sales declined 2% during its fourth quarter of fiscal 2015 ended July 25.

Nothing will have a greater impact on the value of your shopping center than how you approach an anchor tenant lease expiration.

Oak Brook, Ill. -- Inland Real Estate Acquisitions, Inc. announced the acquisition of three properties, located in Florida, California and Colorado, purchased in August on behalf of an Inland affiliate. The acquisitions collectively total more than $104 million for approximately 607,000 sq. ft. of commercial real estate.

Toys“R”Us has looked to a Loreal veteran to take over its human resources division.

The retailer announced that it has named Tim Grace as executive vice president, global chief talent officer, effective immediately. In this role, the company says Grace will oversee all global human resources functions, including organizational design, talent acquisition, succession planning, learning, change management and labor and employee relations, as well as compensation and benefits. He will report to Dave Brandon, Chairman and CEO, Toys“R”Us, Inc.

A red-hot real estate market and sky-high property values have some retailers, including Macy’s and more recently, McDonalds, feeling the pressure to cash in on the value of their real estate assets. How? By spinning off store properties and/or land assets into a REIT and entering into a lease-back deal.

Ft. Myers, Fla. – Chico’s FAS Inc. may be considering a sale to one of several private equity suitors.

According to Bloomberg, Chico’s has been approached by Sycamore Partners and is also in talks with other private equity groups about a possible sale.

The long-delayed, controversial American Dream retail-entertainment destination in the Meadowlands in East Rutherford, New Jersey, has snared three high-profile tenants.  

Chico’s FAS Inc. may be considering a sale to one of several private equity suitors.