Weekend Edition
Goldman Sachs spends $119M on Paris office, retail building
Goldman Sachs’ asset management wing is making a 100-million-euro bet on the Parisian retail and office market. The banking...
Retail Real Estate
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Chicago
Kite Realty to acquire Retail Properties of America for nearly $3B
Kite Realty Group has agreed to pay $2.79 billion to add rival Retail Properties of America to its open-air...
Shopping center trade group ICSC drops shopping centers from name
The International Council of Shopping Centers is no more. Innovating Commerce Serving Communities will now rise in its place....
Starwood bailing on the mall business
Barry Sternlicht’s Starwood Capital Group is moving away from its mall portfolio as values on the properties continue to plunge. The investment firm has been selling off shopping centers at a loss across the...
Authentic Brands files for IPO amid acquisition spree
As malls struggle to recover from their pandemic blues, one of their biggest tenants is looking to strike gold...
Fifty former Sears stores go to market
The owner of the defunct Sears franchise is looking to unload a chunk of properties. Andrea Olshan, chief executive officer of the real estate investment trust Seritage Growth Properties that bankrupt Sears formed five...
Mall landlords turn to pop-up stores to boost revenue
Retailers aren’t the only ones working their way back from the ravages of the pandemic. Mall landlords have been...
Issue
The grand reopening: As restrictions lift, CRE markets race toward recovery
It wasn’t the pan-roasted halibut that drew a small crowd to Blu Mar on a recent Thursday afternoon. One...
Weekend Edition
Mall short-sellers see a big payout from Nevada mall auction
A big payout has arrived for investors who shorted a retail-heavy commercial real estate debt index. A loan on...
Is e-commerce king? Retailers reflect on pandemic changes during earnings calls
Amid rising vaccination numbers and lifting of Covid-related capacity restrictions nationwide, landlords are eager to see shoppers return to...