Sterling Organization, a private equity real estate investment firm focused on retail property assets, has announced the acquisition of a three-property portfolio from SITE Centers for $180.5 million. The portfolio consists of Fairfax Towne Center, a...
The last full-size Kmart operating in the US is scheduled to cease operations on Oct. 20. The New York Post reported the 90,000-square-foot store in the Long Island hamlet of Bridgehampton, New York, opened in 1996 and was part of a chain that encompassed more than...
A new mixed-use development in South Los Angeles will become the first to feature a Costco big box retail store with apartments. A groundbreaking ceremony took place on Sept. 18 at the former site of View Park Community Hospital in the Baldwin Village section of the...
Tempur Sealy International Inc. (NYSE: TPX) announced the divestiture of 176 stores to appease the Federal Trade Commission’s (FTC) objection over its proposed $4 billion acquisition of Mattress Firm Group. In conjunction with the planned Mattress Firm acquisition,...
Concord Wilshire Capital and TLG Investment Partners have begun the abatement and demolition of the Metrocenter Mall in Phoenix while forming a partnership with Diversified Partners LLC to develop and construct the 140,000-square-foot retail component within the...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
