Archive for the ‘Acquisitions and Openings’ Category
Acquisitions and Openings: November 11
This week in acquisition news:
- In October, the Canada Pension Plan Investment Board along with LaSalle Investment Management, acquired Hurth Park shopping center near Cologne, Germany for roughly $223.6 million.
- Cedar Shopping Centers Inc. has purchased a portfolio of five shopping centers in Virginia and Pennsylvania for an undisclosed sum from Edens and Avant. The deal was a joint venture with joint venture with RioCan Real Estate Investment Trust.
- William Pears and LaSalle Investment Management acquired the Notting Hill Gate Estate for around £131m. The estate includes Southside Shopping Centre.
- Big Shopping Centers Ltd, an Israel-based developer and Developers Diversified Realty Corporation have completed a joint acquisition of Marine Gateway Shopping Centre.
Written by Nissa on November 10, 2010 – 3:42 pm -
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Acquisitions and Openings: October 14
This week in acquisition news:
- European retail property fund VastNed Retail has acquired 19 shops Overvecht and Zuidplein shopping centers in the Netherlands for € 29.1 million.
- Rivercrest Realty Investors has purchased the McDonough Marketplace shopping center in central Georgia. The center has 53,158 square feet of retail space.
- California’s Realty Income Corp., a REIT has signed a purchase agreement to acquire 136 retail properties for approximately $250 million. It’s not disclosing names or locations yet, so we’ll hear more about this when the deal closes.
- Retail Opportunity Investments completed the acquisitions of Gramor Portfolio, the Shops at Sycamore Creek and the Claremont Center. The company also reached a deal to acquire the Gateway Village Shopping Center.
Written by Nissa on October 13, 2010 – 3:31 pm -
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Acquisitions and Openings: September 23
This week has seen some major deals in shopping center acquisitions. Here are some highlights:
The Grubb & Ellis Company has recently sold four centers in Riverside County, totalling over $40 million. They include 56,473-square-foot San Jacinto Esplanade; Temecula Creek Plaza, a 68,749-square-foot CVS Pharmacy-anchored center; 74,208-square-foot Moreno Beach Plaza, Phase II; and Moreno Marketplace, a 94,574-square-foot neighborhood center anchored by Stater Bros.
The Canada Pension Plan investment group has purchased stakes in eight Canadian shopping centers in deals totaling $335.5 million. The centers include Hillside Centre, Pine Centre Mall, White Oaks Mall, Eastgate Square, Sudbury Centre and Intercity Shopping Centre, Les Galeries de la Capitale and Carrefour de L’Estrie.
And finally, Coyote GRF I Investors LLC & Garrison Investment Group have announced acquisitions of Lakeshore Mall in Gainesville, GA, Decatur Mall in Decatur, AL, Bellwood Center in Montgomery, AL, Promenade Montgomery Shopping Center and Promenade Montgomery North Shopping Center in Montgomery, AL, and Quaker Village in Greensboro, NC.
Four letter word, a cc licensed flickr photo shared by Justin Shearer
Written by Nissa on September 22, 2010 – 5:43 pm -
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