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Development/Redevelopment

  • The Urbanization of Suburbia?

    By Yaromir Steiner

  • Sam’s Club opens store in Oklahoma

    Bentonville, Ark. – Sam’s Club is opening a new store in Edmond, Okla., on Oct. 3. The new Sam's Club features a shopper-friendly interior layout and measures approximately 136,000 sq. ft., and has created about 130 new jobs.

  • DDR closes on $1.46 billion transaction with Blackstone

    Beachwood, Ohio — DDR Corp. has closed a previously announced acquisition of a portfolio of 30 power centers from a joint venture with Blackstone Real Estate Partners VII L.P. and settled its forward equity sale. DDR acquired Blackstone’s 95% share.

    The company funded the investment through a combination of proceeds from the issuance of new common equity and unsecured debt, preferred equity and mezzanine loan repayments and the assumption of existing mortgage debt.

     

  • DDR closes on $1.46 billion transaction with Blackstone

    Beachwood, Ohio — DDR Corp. has closed a previously announced acquisition of a portfolio of 30 power centers from a joint venture with Blackstone Real Estate Partners VII L.P. and settled its forward equity sale. DDR acquired Blackstone’s 95% share.

    The company funded the investment through a combination of proceeds from the issuance of new common equity and unsecured debt, preferred equity and mezzanine loan repayments and the assumption of existing mortgage debt.

  • Sabre announces passing of executive VP

    Garden City, N.Y. — Beth L. Lamport, 70, executive VP with Sabre Real Estate Group LLC died Sept. 27 at her home in Port Washington.

    The cause was uterine cancer. “She was a dynamo in the business,” said Kenneth Breslin, a Sabre principal.

     

  • DDR announces completion of third quarter transactions

    Beachwood, Ohio — DDR Corp. has announced the closing of its previously announce acquisition activity totaling $591 million. The acquisitions include a portfolio of seven prime power centers in a newly-formed joint venture with an affiliate of Blackstone Real Estate Partners VII L.P. for $332 million in August and two market dominant regional power centers in Orlando, Fla. and Atlanta, Ga., for an aggregate $259 million in July.

  • Ground broken for new Premium Outlets Montreal

  • Wolverine brand opens first-ever permanent store

    Rugged boot manufacturer Wolverine has opened a permanent store in New York's Nolita at 254 Elizabeth St. The company decided to give the retail space a try following its successful New York pop-up venture in fall 2012.

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