Macerich Acquires Two NY Malls For $1.25B
NEW YORK CITY-According to a statement released Monday morning, the company has acquired the Kings Plaza Mall in Brooklyn and the Green Acres Mall in Valley Stream, NY, for approximately $1.25 billion.
SAN DIEGO—Buying a hotel that used to be an apartment complex to convert it back to apartments has its complexities. HFF’s Hunter Combs tells GlobeSt.com how his team led the SENTRE through the complicated transaction.
LOS ANGELES—Although price movement since the election has been “limited,” CBRE’s Spencer Levy says that “pricing pushback from buyers remains strong.”
NEWPORT BEACH, CA—Today’s retail owners are increasingly pushing the envelope of shopping-center design by bringing solutions such as innovative landscaping to the forefront of their developments, Lifescapes’ Julie Brinkerhoff-Jacobs tells GlobeSt.com.
The recent announcement that Fred’s would purchase upwards of 600 locations from Walgreens/Rite Aid to help ensure approval of their merger, highlights…