Deals

Toys ‘R’ Us, Babies ‘R’ Us Canadian stores to be acquired

The Canadian Toys “R” Us unit is getting new owners.
Health care provider buys old Sears store at Moorestown Mall

PREIT has sold the former Sears store at Moorestown Mall in New Jersey to Cooper University Health Care for $10.1 million, a deal that the mall owner has been promising for some months.
Wegmans to open its first store in Manhattan on site of recently closed Kmart

Wegmans Food Markets has signed a 30-year lease for its second store in the Big Apple, this time in Manhattan’s Greenwich Village neighborhood.
Developer makes deal to go ahead with 69-acre Belle Oaks Marketplace near Cleveland

With all its real estate now in place, DealPoint Merrill is ready to proceed with the construction of the Belle Oaks Marketplace mixed-use center on the site of what was once one of Ohio’s largest malls.
Selfridges on the selling block

The “For Sale” sign is up at trend-setting Selfridges.
At Home opening three stores in July

A value home décor retailer is opening two new East Coast stores and one new West Coast location during the month of July.
Kite and RPAI merge; become a top five retail center REIT

Kite Realty Group and Retail Properties of America announced a merger in which RPAI will become a subsidiary of KRG.
Amazon to donate land for affordable housing

Amazon is making a donation — valued at $40 million — to help create more than 550 new affordable homes.

Westfield sues Starbucks for $5 million for not re-opening at World Trade Center