Retail

CARY, NC-Credit Suisse First Boston is advising the 18-year-old REIT on how to better evaluate its 98-property portfolio for shareholders.

RARITAN TWP., NJ-After a 145-year run at the old Flemington Fairgrounds, the Hunterdon County will apparently do one more encore before developers move in and construct a 550,000 sf shopping center.

EDEN PRAIRIE, MN-SuperValu takes a $240-million restructuring hit and loses $1.7 billion in revenue with the defection of wholesale client Kmart. However, it plans to add up to 15 superstores and 120 smaller stores.

VISTA, CA-Retail developer locks in second anchor tenant, with Staples inking deal for 24,000 sf in the city's downtown redevelopment area.

NEW YORK CITY-Barnes & Noble took the last three years of Conran's lease for 40,000 sf of space when the furniture retailer went bankrupt. Comparable space goes for $35 per sf.

WASHINGTON, DC-Dipping consumer confidence has led most retail real estate companies to lower expectations this year, but an analyst says because of long-term leases, most are somewhat buffered by lagging retail sales.

SOUTHFIELD, MI-The REIT gets $40 per sf for the community shopping center located in Athens, AL as part of its strategy to dispose of non-core assets. Proceeds will be used in part to pay off variable-rate debt.

NEW YORK CITY-Moody's expects the manager of ski resorts and golf courses to take advantage of the improvements it has made to its infrastructure over the last several years.