property type: Retail

In a move to take advantage of the hot demand for potential condominium conversions, GDC Properties has put seven of its apartment properties up for sale. It plans to use the proceeds to buy class-A retail centers, which are trading ...

May 12, 2005 Philadelphia Business JournalCypress Equities, a Dallas affiliate of Staubach Co., plans to transform the former Philadelphia Gear site in King of Prussia, Pa., into a retail center that includes a 165,000-square-foot Lowes, 24,600-sf PetSmart and car dealership. ...

May 12, 2005 Atlanta Journal-ConstitutionAtlanta's Greenbriar Mall is for sale again. Four years ago, Dundee Realty Management was close to selling the property to Atlanta-based O'Leary Partners, but the deal fell through because of financing issues. This time, Dundee is ...

May 12, 2005 IXIS Real Estate Capital has provided $25 million of fixed-rate financing for Olmsted Plaza, a 245,037-square-foot retail property in northern Ohio.The 10-year financing was provided to B&G Properties, which also manages the property, which is in Olmsted, ...

May 11, 2005 Chicago Tribune (First Item)Chicago retail real estate development is on a pace to reach its highest level in more than two decades with almost 7.6 million square feet of space projected for this year, a 30 percent ...

May 11, 2005 The TennesseanThe struggling Bellevue Center in Nashville, Tenn., has unveiled a revitalization plan that includes a 210,000-square-foot Wal-Mart Supercenter. Hoping to draw customers back to the mall, the owners plan to sell about 12 acres next to ...

May 11, 2005 The Boston GlobeTarget Corp. is eyeing the site of Macy's department store in Boston's Downtown Crossing, should it become available. The site, while currently occupied, could be available soon. Macy's parent company, Federated Department Stores Inc., agreed ...

May 11, 2005 Moody's Investors Service has upgraded five classes of Freehold Raceway Mall Trust, 2001-FRM, because the property securing its collateral loan has improved in performance. The loan backing the deal has also amortized by 3.6 percent since issuance.The ...

May 11, 2005Cedar Shopping Centers Inc. (NYSE:CDR) has agreed to pay $119 million for a portfolio of 12 supermarket-anchored shopping centers and development sites.Four of the properties in the portfolio are redevelopment opportunities. One of those is in Pennsylvania and ...

May 10, 2005 Inland Western Retail Real Estate Trust Inc. has purchased four shopping centers for $36.5 million.The properties, in the Carolinas and Alabama, give Inland Western, which was formed less than two years ago, interests in 25 million square ...