DEALS

Not all mall owners have the talent or temerity to turn an old, outdated mall into a mixed-use town center, especially if that owner is the city of Norfolk, Va.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

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. 

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.

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

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.