Property Types Retail
New-Wave Borders Brings Interactivity to Denver Shopping Center
May 14, 2008
Source: Rocky Mountain News

The sixth of fourteen new-wave Borders bookstores has launched at Denver's Park Meadows Shopping Center, bringing high-def television monitors and "destination" stations where visitors can make their own customized music CDs. The 29,082-square-foot store also features the usual suite of books, music, movies, and magazines.

"We wanted to update some of our stores beyond the usual refreshers," Borders Midwest sales director Ken Belton told the Rocky Mountain News. The Park Meadows store is about 20 percent bigger than most Borders outlets. It will have its grand opening from May 30 to June 1.

 
Recent Retail Headlines
H&R Sells 11 in Canada
July 03, 2008
H&R Real Estate Investment Trust has announced the completion of the sale of eleven retail properties. The firm netted approximately $72 million from the transaction. The company expects approximately a $9 million return on sale.
Carlton Arranges $630M Equity, Debt Recapitalization of Manhattan Retail Complex
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Carlton Advisory Services announce the $630 million equity and debt recapitalization of the retail condominium at 666 Fifth Avenue in New York City.
Orlando's First Nordstrom Rack to Anchor New 100,000SF Shopping Center
July 03, 2008
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Lightstone Acquires Interests in 20 Outlet Centers in $456M Deal
July 02, 2008
Lightstone Value Plus REIT will soon have a stake in 20 factory outlet centers, now that it has signed on purchase from 22.54 to 25 percent interests in the properties from affiliates of Arbor Mortgage REIT.
 

 

$8.9B Penn Gaming Merger Crumbles
July 03, 2008
By Barbra Murray, Contributing Editor After spending the last few months attaining all the requisite approvals from various gaming commissions and boards, Penn National Gaming has put the kibosh on its proposed $8.9 billion merger with PNG Acquisition Company Inc.,...

Colonial Properties Trust Sells 5 Apartment Communities for $82M
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By Gail Kalinoski, Contributing Editor Colonial Properties Trust, a multi-family-focused REIT, is continuing its plan to dispose of older assets by selling five apartment communities in two transactions for a total of $81.8 million. The buyer or buyers were not...

H&R Sells 11 in Canada
July 03, 2008
By Thomas Peretti, Contributing Correspondent -- H&R Real Estate Investment Trust has announced the completion of the sale of eleven retail properties. The firm netted approximately $72 million from the transaction. The company expects approximately a $9 million return on...

LA Developer Partners with Vegas Officials for Museum, Hotel Redevelopment
July 03, 2008
By Tonie Auer, Southwest Correspondent -- Less than a year after entering the Las Vegas market with the acquisition of the Lady Luck Hotel and Casino, Los Angeles-based CIM Group won a deal with the city to develop land adjacent...

Lightstone Acquires Interests in 20 Outlet Centers in $456M Deal
July 02, 2008
By Barbra Murray, Contributing Editor Lightstone Value Plus REIT will soon have a stake in 20 factory outlet centers, now that it has signed on purchase from 22.54 to 25 percent interests in the properties from affiliates of Arbor Mortgage...

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