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Corus, Lehman Bros. Make D.C. Loans
May 15, 2008
Corus Bank closed a $72 million loan to MR BP Office #1 L.L.C. to finance the construction of a nine-story Class A office building located at 55 M Street SE in Washington, D.C.
H&M Opens First of Series of Atlanta Shops
May 15, 2008 - Source: Atlanta Journal Constitution
The Swedish clothing retailer will debut its first in-town store at Atlantic Station on June 13.
JV Formed to Develop Suburban Des Moines Retail
May 15, 2008
Capital Growth Madison Marquette of Minneapolis and DRA Properties L.L.C., an Ankeny, Iowa-based real estate company, have formed a partnership to develop about 500,000 square feet of retail space in Ankeny.
Barneys CEO Officially Resigns
May 15, 2008
Following several rumors and reports of the resignation of its CEO, Barneys New York has officially announced that Howard Socol, chairman, president and CEO of the company, has resigned.
Macy's Announces Openings in Southwest
May 15, 2008
Cincinnati-based Macy's Inc. announced plans to open three new Macy's stores in the Phoenix market within the next two years.
Bouyed by Retail News? Curb Enthusiasm, Grubb & Ellis’ Dee Advises
May 15, 2008
To the surprise of many analysts, retail sector seemed to catch a break from months of downbeat news this week.
527,000SF Suburban Atlanta Mixed-Use Project Makes Debut
May 14, 2008
Cousins Properties Inc. has just swung open the doors of The Avenue Forsyth, the company's 527,000-square-foot mixed-use project in Forsyth County.
CASTO Invests $400M in Puerto Rican Portfolio
May 14, 2008
Columbus-based CASTO has invested $400 million in 1.7 million square feet of retail and office space in Puerto Rico.
Prime Retail to Debut $300M Expansion of Orlando Shopping Center
May 14, 2008
The former Prime Outlets Orlando will emerge from its $300 million makeover as the 778,000-square-foot Prime Outlets International Orlando next week. Owner Prime Retail upgraded and expanded the property, which now holds the distinction of being the largest outlet center in the southern region and the biggest in the nation.
CBRE Investors Closes $2.1B Real Estate Fund
May 14, 2008
CB Richard Ellis Investors has announced the closing of CB Richard Ellis Strategic Partners U.S. 5 to new investors.  Strategic Partners U.S. 5 consists of two limited partnerships, with raised equity commitments of $2.1 billion from institutional investors in the United States, Europe and the Middle East.
Whole Foods to Locate in Houston Complex
May 14, 2008 - Source: Houston Chronicle
The new store will be part of a 13-acre development between the downtown area and River Oaks.
New-Wave Borders Brings Interactivity to Denver Shopping Center
May 14, 2008 - Source: Rocky Mountain News
The sixth of 14 new concept stores being launched by the bookseller, the Borders at Park Meadows Shopping Center features high-def TV monitors and a suite of high-tech "destinations" to make customized music CDs.
Mixed-Use in Property Coral Gables Gets a New Owner
May 14, 2008
Ownership of the 180,000-square-foot Plaza San Remo in Coral Gable has just changed hands, with a German investment group advised by Phoenix Property Co. acquiring the one-year-old retail and medical office condominium property from Venera Holdings.
Two Stores Underway for Retailers in Laveen, near Phoenix
May 14, 2008
Laveen Ranch Marketplace, a new 100,000-square-foot project by Evergreen Development Co. in the burgeoning Phoenix submarket of Laveen, prepares for new tenants as Safeway kicks off construction of a 55,000-square-foot store and work commences on a freestanding store adjacent to the supermarket for Fletcher Tire.
Twice Burned, Third Time Careful: Harvard Cautious In Announcing Proposed Art Museum
May 13, 2008 - Source: Boston Globe
Neighbors have complained at least twice before when the university proposed building museums. This time, Harvard Art Museum leaders are flying under the radar.
Seven-Person East Coast Retail Team Joins HFF
May 13, 2008
Holliday Fenoglio Fowler L.P. has announced that a team of seven capital markets professionals and analysts will join the firm.
Simon to Sell $1.5B in Senior Notes
May 13, 2008
In a time when borrowing can be a daunting task, even for entities with sterling credit histories, companies are turning to other means to raise the capital they need, according to industry experts.
Transwestern's Atlanta Office Adds Retail Expertise
May 13, 2008
Transwestern’s Atlanta office has announced that Patrick Arnold and Spencer Bomar have joined the firm to bring a retail brokerage component to Transwestern’s Atlanta operation and expand the company’s overall retail coverage into other Southeastern markets.
Grubb & Ellis Takes Fifth for the Second Time
May 13, 2008
Acting on behalf of a private investor, Santa Ana, Calif.-headquartered Grubb & Ellis Really Investors L.L.C. has snapped up a Fifth Third Bank building in Schaumburg, Ill., about 30 minutes outside of Chicago.
Apple to Debut 20,000SF Store This Week
May 13, 2008
Apple will open the doors of a new store this week in a 20,000-square-foot space at 815 Boylston St., the Boston Globe reports.
Tough Sell
May 12, 2008
One day during a trip to Arizona in the middle of March, David Jacobstein, a senior retail advisor for Deloitte & Touche USA L.L.P., drove his rental car past a row of furniture stores in Scottsdale. He could almost count the cars sprinkling the acres of ghostly parking lots on the fingers of one hand.
Woes Mount for Centro as Suit Claims Property Group Misled Investors
May 12, 2008
Beleaguered Centro Properties Group, the Australian property group that just recently won a $6.2 billion debt extension, faces new troubles. 
Barnes & Noble Opens Newest Central Florida Store
May 12, 2008 - Source: Orlando Business Journal
Located at Winter Garden Village at Fowler Groves, the store will stock nearly 200,000 books, music, DVDs, and magazines.
Tesco Plans Revamp of Troubled Fresh & Easy Markets
May 12, 2008 - Source: Orange County Register
More British goods and food variety are among the changes expected to be announced early next week.
Michigan Restaurant Chain Changes Hands
May 09, 2008 - Source: Crain's Detroit Business
The Ferndale-based bd's Mongolian Grill has been sold to New York private equity firm Kinderhook Industries.
 

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