property type: Retail

March 14, 2002 CHATTANOOGA, Tenn. – CBL & Associates Properties Inc. (NYSE:CBL) has completed its $1.3 billion purchase of a 23-property portfolio from The Richard E. Jacobs Group Inc. In this final stage of the acquisition, CBL acquired ownership stakes ...

March 14, 2002 NEW YORK – Standard & Poor's has placed GMAC Commercial Mortgage Securities Inc., 2000-C2 on credit watch with negative implications because the deal's collateral pool contains loans on two Kmart Corp. stores that the retailer said it ...

March 14, 2002 BOISE, Idaho – Food and drug retailer Albertson's (NYSE:ABS) intends to exit four under-performing markets in Tennessee and Texas through store closures and sales.The markets are in Memphis, Nashville, Houston and San Antonio.Combined, the markets represent about ...

March 14, 2002 ARLINGTON, Texas – The Bauer Partnership Inc. (OTC BB:BUER) has agreed to buy the Six Flags Mall for $23.5 million.The real estate investment company's subsidiary, Bauer Capital Management Ltd., is buying the 1.2 million-square-foot mall from Six ...

March 14, 2002 PANAMA CITY, Fla. – Whitemark Homes (OTCBB:WTMK) has purchased 15 acres near Panama City for its $34 million Long Point Cove marina condominium project.Phase I will consist of 4.5 acres of commercial and retail space with the ...

The REIT, in a clearly opportunistic move, has provided $30 million of financing to Frank's Nursery & Crafts, a bankrupt retailer. If the retailer doesn't survive, Kimco gets to keep the collateral.

March 14, 2002 NEW YORK – Standard & Poor's has identified 40 loans in 29 CMBS transactions it rates in which Kmart stores are slated to close, according to lists released by the bankrupt retailer in January and earlier this ...

March 13, 2002 Westfield America Trust (ASX:WFA) has resolved a dispute with Zurich Insurance over supplementary insurance on the retail component of the World Trade Center. The insurance in question is separate from the $3.5 billion "per occurrence" primary insurance ...

March 13, 2002 NEW YORK – Philips International Realty Corp. (NYSE:PHR) hasn't been directly affected by Kmart's new list of closings, but the retailer's bankruptcy could delay Philips' liquidation plans.Philips has four stores with operating Kmarts, in Sacramento and Atwater, ...

March 12, 2002 NEW YORK – New Plan Excel Realty Trust Inc. (NYSE:NXL) said five Kmart Corp. stores at properties it owns are among the 284 that the retailer said it plans to close.The stores, which total 490,900 square feet, ...