CINCINNATI-Federated Department Stores Inc. is selling nine stores totaling 1.4 million sf to Chicago-based General Growth Properties Inc. All of the units are located in GGP malls.

CINCINNATI-Federated Department Stores Inc. is selling nine stores totaling 1.4 million sf to Chicago-based General Growth Properties Inc. All of the units are located in GGP malls.

NILES, IL-The newly constructed Niles Industrial Center is now 50% occupied. Expecting smaller tenants, developers are surprised when Fibre-Craft leases nearly 170,000 sf.

NILES, IL-The newly constructed Niles Industrial Center is now 50% occupied. Expecting smaller tenants, developers are surprised when Fibre-Craft leases nearly 170,000 sf.

SOUTH KOREA-Shinsegae Co. agrees to purchase Wal-Mart Stores Inc.'s South Korean retail business for Won 825 billion ($882 million).

SOUTH KOREA-Shinsegae Co. agrees to purchase Wal-Mart Stores Inc.'s South Korean retail business for Won 825 billion ($882 million). The retailer will continue to operate Wal-Mart Korea's 16 stores but rename them E-Mart.

SOUTH KOREA-Shinsegae Co. agrees to purchase Wal-Mart Stores Inc.'s South Korean retail business for Won 825 billion ($882 million). The retailer will continue to operate Wal-Mart Korea's 16 stores but rename them E-Mart.

GRAND RAPIDS, MI-Ashley Capital, based in New York City, signs a letter of intent to acquire 250 acres from locally based Steelcase Inc. Plans for the site include a major overhaul that could bring four million sf of mixed-use space to the community.