Property Types Retail
Schostak Bros., BVT Form JV
May 6, 2008

Schostak Brothers & Co., a Livonia, Mich.-based commercial real estate development and investment firm, has announced the formation of a joint venture with German real estate investment firm, BVT Equity Holdings. BVT’s U.S. operations are based in Atlanta, Ga. The joint venture will focus on shopping centers that are adjacent to a major discount department store such as Wal-Mart or Target. The partnership currently owns one of the largest portfolios of shadow-anchored centers in the country, possessing 34 properties in 14 states, all of which sit next to Wal-Mart Supercenters. The portfolio is valued at $136 million and encompasses nearly 881,000 square feet of retail space.

 
Recent Retail Headlines
DLC Acquires Skytop Pavilion in Cincinnati, Has $700M to Spend this Year
July 18, 2008
With more than $700 million in capital in its coffers to spend, privately-held retail real estate company DLC Management Corp. has just made its first purchase of the year, acquiring Skytop Pavilion, a grocery-anchored shopping center in Cincinnati.
Nashville Shopping Center to Get 200,000SF Expansion
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CBL & Associates have announced plans for an expansion of CoolSprings Galleria, a 1 million-plus-square-foot shopping center in Nashville.
Washington D.C. Clinic Property Sold
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City Signs Off $33M Conversion of Shopping Center
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C.W. Clark Inc. recently got the green light from the San Diego City Council to move forward with its redevelopment of the Bay View Plaza, a San Diego shopping center originally constructed in the 1950s.
150,000SF Retail Property Pulls in $28M
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Ownership of Edison Commons, a 150,000-square-foot shopping center in Edison, N.J., has changed hands with AMC Delancey Group Inc.'s sale of the property to a subsidiary of MCC Realty Investments L.L.C.
 

 

REal Talk with Adam Perrotta-July 17
July 17, 2008
By Adam Perrotta, News Writer --Today's news was a mixed bag, as yet another disappointing report on the real estate market and a major tenant pulling out of the World Trade Center was balanced out by some good news, including...

Merrill Lynch Backs Out of Plans to Move HQ to WTC
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By Gail Kalinoski, Contributing Editor -- The Port Authority of New York and New Jersey confirmed today that Merrill Lynch has pulled out of plans to locate its headquarters at a new office tower to be constructed at the World...

Trio of Leading Retail Names Now Under One Roof with Closing of Hudson's Bay Deal
July 17, 2008
By Barbra Murray, Contributing Editor -- NRDC Equity Partners has wrapped up its acquisition of Hudson's Bay Co., which is, at 388 years old, the oldest continuing operating company in North America, as well as the largest department store chain...

Vegas Airport Awards $1.2B Construction Contract
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By Tonie Auer, Southwest Correspondent -- Las Vegas's McCarran International Airport has awarded a $1.2 billion construction contract to Perini Building Co. Under terms of the deal, locally-based Perini will build a new terminal building, underground automated transit system and...

Report: Mexico's Foreign-Owned Factories Make Comeback
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