CB Richard Ellis has announced it has entered into a definitive agreement to acquire Insignia Financial Group Inc. for $11 per share of common stock in cash, plus the potential for incremental consideration. Upon completion, the transaction would...
At its core, a 1031 exchange is designed to accomplish one simple goal: to avoid taxes. But owners turn to 1031 exchanges to carry out a variety of business strategies. A retail owner might use an exchange to trade an old mall for a newer...
Everybody knows one when they see one, but it's hard to clearly define what a lifestyle center is. That was the consensus among developers and retailers at ICSC's 2002 Open Air Centers Conference in Chicago this October...
Inventory shrinkage, a combination of employee theft, shoplifting, vendor fraud and administrative error, cost United States retailers over $31 billion a year according to the latest National Retail Security Survey report on retail theft, which...
Real estate money manager Clarion Partners has agreed to buy Crow Holdings Industrial Trust, a private REIT, for $1.5 billion. New York-based Clarion, a subsidiary of ING Real Estate, will create a new REIT to acquire most of Crow’s portfolio. An...
When JCPenney left the Florence Mall in Florence, S.C., in 1992, mall owner Edens & Avant didn't scramble to find another department store to fill the anchor slot. Instead it quickly struck a deal with a restaurateur to fill the space. Some 10...
WHEN NATIONAL REAL ESTATE Investor compiled its annual survey of the largest industrial developers this year, Atlanta-based IDI assumed its familiar spot near the top of the listing, placing in the No. 2 spot. But, like so many other players in...
Columbus-based Cornerstone Capital Corp. has acquired 42 properties from Walgreen Co. in the largest sale-leaseback deal in the 101-year history of the drug-store chain...
