REAL ESTATE

  • Stater Bros. VP of real estate passes away

    San Bernardino, Calif. -- Stater Bros. Markets announced that its VP of real estate, Mike Slaton, died suddenly on Sept. 28.

    As a tribute to Slaton, the new 44,000 sq. ft. Stater Bros. supermarket, which opened last week in Redlands, Calif., will be dedicated in his honor.

  • Ashley Furniture signs into Seacourt Pavilion

    Toms River, N.J. — Ashley Furniture has leased 34,097 sq. ft. at Seacourt Pavilion in Toms River, N.J. The new store is slated to open in April 2014. Metro Commercial Real Estate represented the owner, SP Acquisition Associations.

    Ashley Furniture is the top selling furniture store brand in the world and the top retailer of furniture and bedding in the U.S. The company’s stores operate throughout the U.S., Canada, Mexico, Central America and Japan.

  • Art Van PureSleep to open in West Bloomfield, Mich.
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  • DDR closes on $1.46 billion transaction with Blackstone

    Beachwood, Ohio — DDR Corp. has closed a previously announced acquisition of a portfolio of 30 power centers from a joint venture with Blackstone Real Estate Partners VII L.P. and settled its forward equity sale. DDR acquired Blackstone’s 95% share.

    The company funded the investment through a combination of proceeds from the issuance of new common equity and unsecured debt, preferred equity and mezzanine loan repayments and the assumption of existing mortgage debt.

     

  • DoTheMile.com has Miracle Mile leasing opportunities

    Las Vegas — Miracle Mile Shops on the Las Vegas Strip has launched, a new leasing website that provides prospective tenants with detail about the 475,000-sq.-ft retail property surrounding Planet Hollywood Resort & Casino.

    Live now, the website highlights the center’s sales per sq. ft. for current retail and dining operations, two live entertainment venues and 3,700 hotel rooms with 98% occupancy at the connected Planet Hollywood Resort & Casino and Hilton Grand Vacations Elara.

  • Ground broken for new Premium Outlets Montreal

  • Sam’s Club opens store in Oklahoma

    Bentonville, Ark. – Sam’s Club is opening a new store in Edmond, Okla., on Oct. 3. The new Sam's Club features a shopper-friendly interior layout and measures approximately 136,000 sq. ft., and has created about 130 new jobs.

  • Sembler leases 58,000 sq. ft. in Florida in August

    St. Petersburg, Fla. — The Sembler Company leased 58,000 sq. ft. in Florida during August. Here are the individual lease signings:

  • SRS announces September transactions

    Dallas — SRS Real Estate Partners has announced a September transactions and new assignments carried out by SRS offices across the country.

    SRS Atlanta:
    •    Three new tenants have inked deals at Krog Street Market, a 30,000-sq.-ft. mixed–use redevelopment project owned by Paces Properties. Fred’s Meat & Bread has leased a 600-sq.-ft. space; Gu’s Dumplings has taken 600 sq. ft. and The Little Tart Bakeshop plans to open a 200-sq.-ft. market stall.

  • DDR closes on $1.46 billion transaction with Blackstone

    Beachwood, Ohio — DDR Corp. has closed a previously announced acquisition of a portfolio of 30 power centers from a joint venture with Blackstone Real Estate Partners VII L.P. and settled its forward equity sale. DDR acquired Blackstone’s 95% share.

    The company funded the investment through a combination of proceeds from the issuance of new common equity and unsecured debt, preferred equity and mezzanine loan repayments and the assumption of existing mortgage debt.

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