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Monthly Archives: August 2016

Disparity in Mall Values Driven by Powerful Combination of Forces

The news that Macy’s plans to close another 100 stores prompted more speculation over the future of department stores and, by extension, the future of shopping malls.

But as several analysts point out, store closures are a symptom of larger ills affecting retailers right now, ranging from the growth of online shopping to the oversaturation of retail space per shopper, flawed business plans and changing consumer behavior.

An analysis of 10 malls…

Investors Taking Note of Drivers Flocking to Large-Format Convenience Stores

Its been a partularly active month for investors eager to grab a share of the large-format convenience stores increasingly favored by U.S. drivers.

This week, energy and logisitics firm Delek U.S. Holdings Inc. agreed to sell its 348-convenience-store portfolio to Compañía de Petróleos de Chile Copec S.A. (Copec) for $535 million.

Also this week, Alimentation Couche-Tard Inc., the owner of Circle K Stores Inc., agreed to buy 53 sites in Louisiana…

Updated: Two REITs Make Surprise Joint Bid for Aéropostale’s Assets, Store Base

In a highly unusual move for landlords, mall operators General Growth Properties and Simon Property Group have teamed up in a bid to save teen apparel retailer Aéropostale from liquidating under bankruptcy.

The two REITs, along with Authentic Brands Group, Hilco Merchant Resources and Gordon Brothers Retail Partners, submitted a joint venture bid seeking substantially all of Aéropostale’s assets and a going-forward store base consisting of at least…

Updated: Two REITs Make Surprise Joint Bid for Aéropostale’s Assets, Store Base

In a highly unusual move for landlords, mall operators General Growth Properties and Simon Property Group have teamed up in a bid to save teen apparel retailer Aéropostale from liquidating under bankruptcy.

The two REITs, along with Authentic Brands Group, Hilco Merchant Resources and Gordon Brothers Retail Partners, submitted a joint venture bid seeking substantially all of Aéropostale’s assets and a going-forward store base consisting of at least…

Two REITs Make Surprise Joint Bid for Aéropostale’s Assets, Store Base

In a highly unusual move for landlords, mall operators General Growth Properties and Simon Property Group have teamed up in a bid to save teen apparel retailer Aéropostale from liquidating under bankruptcy.

The two REITs, along with Authentic Brands Group, Hilco Merchant Resources and Gordon Brothers Retail Partners, submitted a joint venture bid seeking substantially all of Aéropostale’s assets and a going-forward store base consisting of at least…

Two REITs Make Joint Bid for Aéropostale’s Assets, Store Base

In a highly unusual move for landlords, mall operators General Growth Properties and Simon Property Group have teamed up in a bid to save teen apparel retailer Aéropostale from liquidating under bankruptcy.

The two REITs, along with Authentic Brands Group, Hilco Merchant Resources and Gordon Brothers Retail Partners, submitted a joint venture bid seeking substantially all of Aéropostale’s assets and a going-forward store base consisting of at least…

Norges Bank Takes Stake in Two San Francisco Office Buildings

Norges Bank Real Estate Management, the real estate investment arm of the government pension fund of Norway, signed agreements to acquire a 44% common equity interest in two Kilroy Realty Corp. companies that own two office properties in San Francisco.

The properties are 100 First St. and 303 Second St. in San Francisco’s South of Market Street district (SoMa). 100 First closed this week, and 303 Second is scheduled to close during the fourth quarter…

Feds Slam Prison REITs Again

A bad August just got worse for prison REITs The Geo Group and Corrections Corporation of America. This afternoon Homeland Security Secretary Jeh C. Johnson announced it would be reviewing its use of detaining immigrants in private detention facilities.

The news follows the U.S. Department of Justice announcement this month that it would be phasing out its use of private prisons by the U.S. Bureau of Prisons.

“I directed our Homeland Security…

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