REAL ESTATE

Tanger Outlets announced it has acquired land in Daytona Beach, Florida and plans in to immediately commence construction of its new outlet center development. When complete, the new center will beapproximately350,000 sq. ft. of retail space and feature over 80 upscale brand name and designer outlet retailers.

CBL & Associates Properties and Fisher-Price along with special guest, Santa Claus, delivered an early Christmas gift to families at West Towne Mall in Madison, Wisconsin.

The brand new soft play area attraction is now open and is the first of its kind in the country, resembling a larger-than-life Toy Box featuring iconic children’s brands like Thomas & Friends, Little People, and more.

Gelson's Markets has won final approval to buy six Haggen properties in Southern California.

On Oct. 23, America lost one of its greatest retailing entrepreneurs, Tom Stemberg, who invented the office superstore industry close to 30 years ago. Tom, a Boston resident was a grocery executive early in his career. He came up with the idea of a supermarket for office products after driving around looking for a typewriter ribbon. He then founded Staples, now a $22 billion worldwide company.

More than half of all shoppers are planning to make holiday purchases over the Thanksgiving holiday period, according to a new report.

The 2015 International Council of Shopping Centers Black Friday Shopping Study shows that 59% of shoppers plan to make a purchase at a physical store over the weekend (Thursday-Sunday).

Surprisingly, Cyber Monday is shaping up to be the second-most popular day for in-store shopping – even though it’s a day normally associated with online activity. Overall, Americans plan to shop in-store on:

Oak Brook, Ill. -- Inland Real Estate Acquisitions, Inc. announced it facilitated the acquisition of 13 properties purchased in October by Inland related parties. The acquisitions total more than 1.65 million sq. ft. across nine states for a total purchase price of more than $432.2 million. The properties acquired include a student housing community, six shopping centers and single-tenant retail stores.

The 13 properties consist of:

Livonia, Mich. -- Schostak Brothers & Company announced Steve Black will join its team as acquisitions manager. Black will source, analyze and acquire investment properties for the company’s portfolio, with a focus on growing its Supercenter Walmart shadow anchor footprint.

Photo: left: Adam Zimel; right: Micah Kagan

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