DEALS

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DEALS

News and analysis on buying and selling real estate for new retail centers.

Nine months after the first offer, Simon and Taubman will merge

The merger of two of the nation’s biggest mall owners that was announced in February and hit several snags throughout the year is finally a deal.

Rug merchant buys Stamford Town Center for $20.15 million

The high-end rug merchant Safavieh has purchased the Stamford Town Center mall in Stamford, Conn., from Taubman for $20.15 million.

Two Westfield veterans who then went on to lead CBRE’s retail division will now run the retail unit at Madison Marquette. 

Acquiring and disposing of shopping centers became more complicated with changes in business caused by COVID-19.

A&G Real Estate Partners is marketing leases for 163 recently closed Pizza Hut sites in 26 states.

Not all mall owners have the talent or temerity to turn an old, outdated mall into a mixed-use town center, especially if that owner is the city of Norfolk, Va.

Shopping centers and malls continue to work their ways out of the confines of COVID-19 with gains in traffic and new tenants coming on-stream.

A&G Real Estate Partners announced it has begun marketing leases for 280 Stein Mart locations being closed in connection with the company’s bankruptcy filing.

REI Co-op has sold its new corporate campus even before it moved in, in line with the company’s move away from the traditional retail HQ model. 

Asset Strategies Group has enhanced its strategic real estate solutions business with the acquisition of retail design firm Chute Gerdeman. 

Stephen Lebovitz

Most people who know Stephen Lebovitz, CBL Properties’ chief executive, were sure he wouldn’t surrender without a fight the company founded in 1978 by his father Charles B. Lebovitz.

Total retail industry private equity deals in the second quarter hit $2.63 billion globally.

A day after reporting a 36% decrease of $18.6 million in the second quarter, mall owner PREIT announced it has executed a secured term loan for up to $30 million to shore up its liquidity as the COVID-19 pandemic draws on.

Lidl has signed a lease for a 27,800-sq.-ft. space once occupied by a Big Kmart at Frederick County Square.

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