SCOTTSDALE, AZ-The $815.3-million, triple-net-lease deal gives Spirit Financial 112 ShopKo stores and 66 units of the Pamida chain. The deal is expected to close during the second quarter.
SANTA MONICA, CA-The company could spend as much as $1 billion renovating the 10 centers where it is buying back space from Federated Department Stores.
LOS ANGELES-Westfield is selling eight non-core malls across the country to Centro Properties Group and Somera Capital Management. Centro is buying seven of the centers, with Somera taking the eighth.
LOS ANGELES-Westfield is selling eight non-core malls across the country to Centro Properties Group and Somera Capital Management. Centro is buying seven of the centers, with Somera taking the eighth.
NEW YORK CITY-Glenn Rufrano, the chief executive officer of New Plan Excel Realty Trust, says he expects his company to have more meetings this year than in 2005 at the International Council of Shopping Centers' Spring Convention in Las Vegas. "Last year, we had 800 meetings; this year we expect more," he says. Executives have already reviewed the company's portfolio with 40 retailers looking to expand, he said during the company's recent, first-quarter conference call. "These pre-meetings improve our convention productivity," Rufrano says.
CHATTANOOGA-The company sold five community shopping centers to Galileo America for $106.5 million to pay off an earlier transaction. The centers in the deal are in Pennsylvania, Alabama, Florida and Massachusetts.
CHATTANOOGA-The company sold five community shopping centers to Galileo America for $106.5 million to pay off an earlier transaction. The centers in the deal are in Pennsylvania, Alabama, Florida and Massachusetts.
