DENVER-As previously announced, Federated Department Stores will close 68 duplicate units in 66 malls after it completes its acquisition of May Department Stores. In Denver, this means the renaming of 11 Foley's stores, a move that is expected to increase the chain's sales.
DENVER-As previously announced, Federated Department Stores will close 68 duplicate units in 66 malls after it completes its acquisition of May Department Stores. In Denver, this means the renaming of 11 Foley's stores, a move that is expected to increase the chain's sales.
ORLANDO-USAA Institutional Equity LP sells the 240,000-sf, 92%-leased, copper-sheathed AmSouth Bank Building to Chicago-based Fulcrum Asset Advisors LLC for an estimated $51 million, people in a position to know tell GlobeSt.com.
ORLANDO-USAA Institutional Equity LP sells the 240,000-sf, 92%-leased, copper-sheathed AmSouth Bank Building to Chicago-based Fulcrum Asset Advisors LLC for an estimated $51 million, people in a position to know tell GlobeSt.com.
LAFAYETTE, LA-Publicly held CBL & Associates Properties Inc. acquires the 100-store mall at an initial cap rate of 6.1% based on in-place income and also ties up 28 acres of surrounding land.