DEALS

Easy 2020 money stalled retail bankruptcies that will take place in 2021
Plentiful financing offered to retail chains stymied by the COVID-19 pandemic allowed many whose businesses had already been declining to hang on to life in 2020. But 2021 could be their downfall.
RCS deal will keep all Ann Taylor, Loft, and Lane Bryant stores open in Simon malls
After Sycamore Partners’ Premium Apparel unit bought Ascena Retail Group for $540 million in a Chapter 11 auction last December, it approached Simon Properties and requested rent relief for some 235 Ann Taylor, Loft, and Lane Bryant stores in the company’s malls.

Boston area market gets $33.5 million re-finance to add a supermarket

Saugus Plaza Shopping Center, a northern suburb of Boston, has won a $33.5 million refinancing to add a new supermarket anchor.
Simon gives Northwest Atlanta’s largest mall back to the bank

Simon Property Group and its lender, Deutsche Bank, put Town Center at Cobb mall in Kennesaw, Ga., on the auction block this week and received no bids. The property is now returned to the bank.
Neighborhood center changes hands near Eastmark MPC in Arizona

A Southern California investor paid $12.5 million for an 83,743-sq.-ft. Basha’s-anchored neighborhood center in Mesa, Ariz., near the Eastmark master-planned community.
New capital investment to fuel Checkers Drive-In aggressive growth

Checkers Drive-In Restaurants is looking to ramp up its expansion.
Fortnite takes over proposed mixed-use center site

Two years ago, Turnbridge Equities and Denali Partners purchased Cary Towne Center in Cary, N.C., for $31 million with plans to tear down the mall that had lost its Sears, Macy’s, and J.C. Penney’s and replace it with a mixed-use town center.
PREIT exits Chapter 11 with $130 million in new capital

PREIT has finished restructuring with its final lender and exited Chapter 11.
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.
Duo from CBRE to run Madison Marquette’s retail practice

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

Easy 2020 money stalled retail bankruptcies that will take place in 2021

RCS deal will keep all Ann Taylor, Loft, and Lane Bryant stores open in Simon malls

Boston area market gets $33.5 million re-finance to add a supermarket

Simon gives Northwest Atlanta’s largest mall back to the bank

Neighborhood center changes hands near Eastmark MPC in Arizona

New capital investment to fuel Checkers Drive-In aggressive growth

Fortnite takes over proposed mixed-use center site

PREIT exits Chapter 11 with $130 million in new capital

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

Duo from CBRE to run Madison Marquette’s retail practice