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Real Estate

  • WP Glimcher completes sale of two non-core malls for $30 million

    Columbus, Ohio -- WP Glimcher has completed the sale of Forest Mall in Fond Du Lac, Wisconsin and Northlake Mall in Atlanta. The two non-core assets were sold to private real estate investors for $30 million.

  • Publix looks north as it enters its seventh state

    Publix Super Markets has signed leases to open its first-ever stores in the state of Virginia.

  • Carry On, Salt Lake City International Airport

    Brookstone has unveiled a new retail brand, Carry On, in the Delta Terminal at the Salt Lake City International Airport.

    Created for airport locations and designed by Boston-based Bergmeyer Associates, the approximate 800-sq.-ft. store offers an assortment of travel-friendly products, from “packable” apparel to luggage and wallets. Additional locations are expected to open this year.

  • Inland names executive VP and head of property management

    Oak Brook, Ill. -- Inland Investment Real Estate Services hires Niall J. Byrne as executive VP and head of property management. Byrne will be responsible for IIRES’s property management for Inland Investments, Inland National Development Corporation and Inland Institutional Capital Partners.

  • Westwood Financial acquires seventh southeast property

    Pensacola, Fla. -- Westwood Financial Corp. announced it has acquired the Shoppes at Milestone, a fully-leased shopping center located in Pensacola, Florida. The 19,700-sq.-ft. shopping center is shadow anchored by Publix and is the firm’s seventh Florida property.

  • Coach to go big on Fifth Avenue

    Coach will celebrate its 75th anniversary with the opening of a three-level flagship on Fifth Avenue in Manhattan,

    The store, at the corner of Fifth Avenue and 54th Street, is due to open in the fall.

  • Publix heads north, enters seventh state

    Publix Super Markets has signed two leases for its first stores in Virginia.

    The first Publix locations in that state will be in Bristol and in the greater Richmond area of Glen Allen. The Bristol store, at 54,000 square feet, will be located at the northeast corner of Lee Highway & Clear Creek Road in Washington County. In the greater Richmond area, the Glen Allen store, at 49,000 square feet, will be located at the northeast corner of Nuckols Road & Twin Hickory Road in Henrico County.

  • Report: U.S. retail and consumer M&A value at five-year high in 2015

    The year 2015 was a big one for mergers and acquisitions in the retail and consumer sectors, with 31 multibillion dollar deals driving activity during the year.

    United States retail and consumer (R&C) total transaction value for 2015 hit a five-year high and surpassed the $100 billion mark for the third year in a row, according to PwC’s U.S. retail and consumer deals insights 2015 Year in Review and 2016 Outlook report.

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