When Kmart Corp. filed for Chapter 11 bankruptcy protection Jan. 22, its stock price — which had reached a 52-week high of $13.55 in August — plummeted to an abysmal 66 cents...

Barrow Street Capital, a real estate investment firm in New York, has closed Barrow Street Real Estate Fund II. The fund will make opportunistic investments in medium-size real estate transactions in selected U.S. markets with local operating...

New York —Three of the biggest players in retail real estate plan to jointly acquire the North American assets of Netherlands-based real estate giant Rodamco for $5.3 billion. The deal, which caps a months-long power struggle for control of...

In a deal that covers 8 million sq. ft. of office space, Chicago-based Jones Lang LaSalle has been chosen by Microsoft Corp. to manage the software provider’s worldwide real estate. The transaction excludes Microsoft’s corporate headquarters in...

Orlando, Fla.-based Commercial Net Lease Realty Inc. and Ann Arbor, Mich.-based Captec Net Lease Realty Inc. have successfully completed their merger, effective Dec. 1. The combined portfolio will consist of 373 properties in 40 states with 95...

For most of the last half of the 20th century, a sprawling 13-acre tract of land on Chicago's Gold Coast was the city's enduring embarrassment. Strategically situated between the tony Michigan Avenue shopping corridor and the frothy beaches of...

Global real estate firms Jones Lang LaSalle and Cushman & Wakefield have both announced job cuts. For Jones Lang LaSalle, a publicly traded company on the NYSE, the move is a cost-containment measure. For Cushman & Wakefield, a privately...