Deals

Costa Mesa, Calif. -- Donahue Schriber announced the acquisition of its third grocery-anchored shopping center in the last two months. The company reported the close of escrow on Del Mar Heights Village Center in San Diego County, Calif., which follows the acquisitions of Four Corners Shopping Center in Washington State and Bonita Centre, also in San Diego County.

DALLAS and ATLANTA — The Home Depot bolstered its home improvement selection with the acquisition of U.S. Home Systems, a manufacturer of kitchen, bathroom and other remodeling products, as well as storage organization systems for closets and garages. Currently, USHS serves as the exclusive provider of kitchen and bath refacing products and services as well as closet and garage organizational systems to The Home Depot.

NEW YORK — Harwood Feffer LLP, a law firm that represents investors and investment groups, announced that it is investigating potential claims against the board of directors of Best Buy, concerning whether the board is fulfilling its fiduciary duties to shareholders in connection with an offer from the company's founder and former CEO, Richard Schulze, to take the company private.

New York -- An affiliate of Manhattan-based real estate company Jemb Realty Corp. has agreed to purchase the leases and certain intellectual assets of Daffy’s Inc. for $43 million, Bloomberg reported. The deal is subject to bankruptcy court approval.

Daffy’s filed for Chapter 11 protection listing assets of $60.2 million and debt of $70.5 million as of July 1. The chain operates 19 stores, with the majority in the New York City metro area.

New York -- Prudential Douglas Elliman's Retail Group said that Italian accessories retailer Mariana Antinori will open a luxury store – the brand’s first in New York -- at 1242 Madison Avenue, between 89th and 90th Streets.

Nearby are Jacadi, Rachel Riley, Baby Cottons and Brooks Brothers, as well as Armani Jr., Robert Marc, Christopher Fischer Cashmere, Malia Mills and Pink Chicken 'Tween.
 

Glen Burnie, Md. -- Jones Lang LaSalle said that it has been awarded the leasing and management of Centre at Glen Burnie, a 419,858-sq.-ft. retail center located in Glen Burnie, Md.

Developed in 1963, the Centre at Glen Burnie is 85% leased and anchored by Target, Hhgregg, Office Depot, Dick's Sporting Goods and Toys R Us.  Other tenants include Chick-fil-A, FootLocker, GNC, Payless ShoeSource, Radio Shack, Five Guys, Famous Footwear and Dots.
 

New York -- Aurora Capital Associates, a real estate investment firm, is reported to be acquiring New York-based discount retailer Daffys with plans to sublease its stores, according to Crain’s New York.

Daffy’s, which operates 19 stores, in July announced plans to liquidate by October.

The company has several prime real estate sites, eight of which are located in prime shopping area of Manhattan.

Real Estate Weekly first reported the news concerning Daffy’s possible acquisition.

El Paso, Texas -- Best Buy Co. has signed a lease to open a 37,740-sq.-ft. store at The Fountains at Farah, a new power-lifestyle shopping center located in El Paso, Texas.

The shopping center, a Centergy Retail project, is under construction and planned to open in 600,000 sq. ft. in fall 2013.