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Real Estate

  • Unusual deal gives Aeropostale new lease on life — and it just got better

    A first-of-its kind arrangement has saved Aeropostale.    A consortium made up of Authentic Brands Group (ABG) and two of the nation’s largest real estate companies — General Growth Properties and Simon Property Group — announced it has finalized the acquisition of the teen apparel retailer. It is the first time that mall operators have participated in a deal to acquire a retail chain.  

  • Warehouse, London

  • Glimcher exec moves to Olshan to head retail

    Kenneth Marshall, a 25-year veteran of the retail real estate industry, has joined Olshan Properties as head of retail. For the last two years, he was VP of development at WP Glimcher.   Marshall began his career in 1991 with Urban Retail Properties and worked there for 12 years, rising to VP of development. He did stints at Westfield, Colonial Properties Trust, and Mid-America before joining Glimcher.  

  • Long-delayed American Dream mall moves closer to reality

    The nearly 3 million-sq.-ft. American Dream retail and entertainment center in the New Jersey Meadowlands has moved one step closer to completion.   On Thursday, the New Jersey Sports and Exposition Authority, which owns the site, voted for a second time to issue $1.15 billion in bonds to finance the completion of the long-delayed project after a non-profit group had threatened to file a law suit to block the sale, NorthJersey.com reported.   

  • Inland sells FedEx facility

    Inland Private Capital Corporation has sold a FedEx Ground facility in Zionsville, Indiana, for $37.1 million.   The 303,000-sq.-ft. FedEx center was constructed just two years ago on the property, which covers two land parcels totaling 49 acres in the town 17 miles northwest of downtown Indianapolis.  

  • U.S. department store retailer continues Canadian expansion

    Nordstrom is continuing to grow its footprint in Canada.     The retailer on Friday opened its store at CF Toronto Eaton Centre, the company's second international flagship location since opening at Pacific Centre in Vancouver, British Columbia, last fall.     

  • This is one place where department stores are expanding

    Department store retailers are pulling back in the United States, but they are doing just the opposite of the border.   The department store industry is expanding in Canada, the New York Times reported, with several factors driving the growth, including less competition and a stable market.   

  • Saks Off 5th opens store in D.C. area

    Saks Fifth Avenues’ value-luxury brand opened its fourth Virginia outlet this week in Springfield, just outside of Alexandria.   The new store occupies a 30,000-sq.-ft. space on two levels in the PREIT-owned Springfield Town Center, its first mall location in the Washington, D.C., area.   
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