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RioCan and Embassy BOSA announce ground breaking at their Fifth and Third East Village project

TORONTO, ONTARIO, 2016-Apr-16 — /EPR Retail News/ — RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) is pleased to announce that RioCan and Embassy BOSA will break ground later today at their Fifth and Third East Village project (formerly CPA Lands). This 2.8 acre site is located in the East Village area of downtown Calgary, Alberta. The…
April 16, 20160Comments

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InvenTrust Properties Corp. to distribute 100% of Highlands REIT, Inc.’s outstanding shares of common stock to InvenTrust stockholders

Company Anticipates the Separation of Highlands to Occur on April 28, 2016 OAK BROOK, Ill., 2016-Apr-15 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that its Board of Directors has formally authorized the distribution of 100% of the outstanding shares of common stock of Highlands REIT, Inc. (“Highlands”), a wholly owned…
April 15, 20160Comments

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Business Malls Management Retail

Sports Direct International to acquire freehold property at Oxford Street, London from CIP Property Limited

Shirebrook, UK, 2016-Apr-14 — /EPR Retail News/ — Acquisition of new Oxford Street freehold Sports Direct International plc ("Sports Direct") announces that it has, through its wholly owned subsidiary SDI (Oxford Street) Limited, agreed to acquire the freehold property at 161-167 Oxford Street, London and 36 Poland Street, London (the "Property") from CIP Property (AIPT) Limited,…
April 14, 20160Comments

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London & Cambridge Properties Limited announces two new occupiers for Glanvilles Mill Shopping Centre in Ivybridge

LONDON, 2016-Apr-13 — /EPR Retail News/ — Acting on behalf of LCP, property consultants Alder King and Millington Tunnicliffe have secured two new occupiers for Glanvilles Mill Shopping Centre in Ivybridge. Units 6 and 7 totalling 1,100 sq ft have been let to Barnardo’s for a 10 year term at a rent of £24,000 per annum. …
April 13, 20160Comments

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Business Malls Management Retail

Kimco Realty acquires remaining interest in Oakwood Plaza shopping center and Dania Pointe development project in Florida

NEW HYDE PARK, NEW YORK, 2016-Apr-13 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today announced it has acquired from Canada Pension Plan Investment Board the remaining 45% ownership interest in the Oakwood Plaza shopping center and the Dania Pointe development project for a gross price of $299.2 million, including the assumption of…
April 13, 20160Comments

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Business Malls Management Outlet Philanthropy Retail Retailer

SM Prime Holdings to earmark PHP60 billion annually for the next three years to sustain its developmental goals

Pasay City, Philippines, 2016-Apr-13 — /EPR Retail News/ — SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company, will earmark at least PHP60 billion annually for the next three years to sustain its developmental goals. “SM Prime’s expansion program for the malls remains focused on the provinces which present major opportunities for higher growth…
April 13, 20160Comments

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Malls Management Retail Retailer Shops

PREIT announces DICK’S Sporting Goods and Field & Stream to open at Viewmont Mall in Scranton, PA

Transaction reinforces PREIT's proficiency in proactively replacing anchors PHILADELPHIA, 2016-Apr-12 — /EPR Retail News/ — PREIT (NYSE: PEI) today announced a lease has been executed that will bring DICK'S Sporting Goods and Field & Stream to Viewmont Mall in Scranton, PA. The dual store format concept will replace the existing Sears at the property in 90,000…
April 12, 20160Comments

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Elite Model Look to host its Italian live casting sessions in Klépierre Group Shopping Centers

PARIS, 2016-Apr-06 — /EPR Retail News/ — For the 33th consecutive year, the most famous modeling agency organizes her prestigious competition Elite Model Look. A genuine career accelerator, this contest, present in more than 30 countries, offers once again the possibility for thousands of young girls and boys to fulfill their dream. Open to young girls and…
April 6, 20160Comments

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Business Malls Management Retail Retailer

InvenTrust Properties Corp. acquires Renaissance Center in Durham, North Carolina for $129.2 million

Property to Serve as Centerpiece of Company’s Portfolio in Key Strategic Raleigh-Durham Market OAK BROOK, Ill., 2016-Apr-05 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that it has acquired Renaissance Center, a 96% leased, 363,176 square foot retail power center, located in Durham, North Carolina, for $129.2 million. “We are pleased to…
April 5, 20160Comments

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Business Malls Management Retail Retailer

PREIT achieves near-completion of its non-core mall disposition effort with the sale of four more malls

Accentuates successful disposition program and underscores strength of new platform Portfolio sales increase to $458 per square foot, increasing over 20% since 2012 PHILADELPHIA, 2016-Apr-02 — /EPR Retail News/ — PREIT (NYSE: PEI) today announced it has completed the sale of four additional non-core malls, a milestone achievement that signifies the near-completion of the Company's non-core…
April 2, 20160Comments

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CBRE expands presence in Nordics with planned acquisition of affiliate company in Norway, Atrium AS

LOS ANGELES, CA, 2016-Mar-30 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that it has entered into an agreement to acquire its affiliate company in Norway, Atrium AS, responding to increased demand from clients targeting commercial real estate opportunities across the Nordics. Upon completion, the acquisition will significantly strengthen CBRE’s presence in the Nordics…
March 30, 20160Comments

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Philippines: SM Foundation donates brand new daycare and health center to the residents of Pasong Kawayan II in General Trias, Cavite

Pasay City, Philippines, 2016-Mar-30 — /EPR Retail News/ — SM Foundation, in partnership Summerhills Home Development Corporation (SHDC), recently turned over a brand new daycare and health center to the residents of Pasong Kawayan II in General Trias, Cavite. The center will mainly cater to the two nearby subdivisions of Heneral Uno and Heneral Dos. The one-storey…
March 30, 20160Comments

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Environment Malls Management Retail Retailer

Philippines: Former U.S. Vice President Al Gore visits SM Mall of Asia Solar Carpark

Pasay City, Philippines, 2016-Mar-30 — /EPR Retail News/ — Former U.S. Vice President Al Gore recently visited the newly-completed SM Mall of Asia Solar Carpark. He was welcomed by Leandro Leviste, President of Solar Philippines; Hans Sy, President of SM Prime; Loren Legarda, Senator and UN Global Champion; and Hans Sy Jr., Vice President of…
March 30, 20160Comments

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Business Malls Management Retail Retailer

National Retail Properties, Inc. President and CEO Julian E. Whitehurst appointed to the InvenTrust Board of Directors

OAK BROOK, Ill., 2016-Mar-24 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today announced that Julian E. (“Jay”) Whitehurst, President and Chief Operating Officer of National Retail Properties, Inc. (NYSE:NNN) has been appointed to the InvenTrust Board of Directors, effective immediately. With this addition, the InvenTrust Board now consists of six directors. “Jay…
March 24, 20160Comments

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Warren James opens jewellery store in The Churchill Shopping Centre in Dudley

LONDON, 2016-Mar-24 — /EPR Retail News/ — A new jewellery store has opened in the The Churchill Shopping Centre, Dudley, creating six new jobs. Warren James opens  after signing a 10-year lease with London & Cambridge Properties (LCP), which owns and manages the shopping centre. Warren James, jewellery specialists since 1979 and one of the largest jewellery chains…
March 24, 20160Comments

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Kimco Realty Corporation announces groundbreaking ceremony for 450,000 square foot shopping center in Spring, Texas

NEW HYDE PARK, N.Y., 2016-Mar-23 — /EPR Retail News/ — Kimco Realty Corporation is happy to announce a groundbreaking ceremony to commemorate Grand Parkway Marketplace, a new 450,000 square foot open-air shopping center development in Spring, Texas anchored by Target Corporation. The project has generated strong retailer demand with approximately 75 percent pre-leased, based on…
March 23, 20160Comments

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Business Financial Malls Management Retail Retailer

Taubman Centers, Inc. announces its first quarter 2016 earnings on May 2, 2016

BLOOMFIELD HILLS, Mich., 2016-Mar-22 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) will announce its first quarter 2016 earnings after the market closes on May 2, 2016. The company will host a conference call to discuss these results on May 3, 2016 at 11 a.m. EDT. Stockholders and interested parties may listen to a live…
March 22, 20160Comments

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Business Malls Management Marketing Retail Retailer

Immochan presents its major projects worldwide at major events

Croix, Nord-Pas-de-Calais (France), 2016-Mar-18 — /EPR Retail News/ — Undisputed player among commercial real estate, Immochan participates at major events to present and market its major projects worldwide. € 1.8 billion of gross investments until 2018-2020. Over 720 000 sqm of development are programmed in the pipeline for 2020. They are divided into several major projects: Pushkino in Russia and…
March 18, 20160Comments

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Immochan France inaugurates newly renovated shopping center in Saint-Priest, France

Saint-Priest, France, 2016-Mar-18 — /EPR Retail News/ — Immochan France pursues its dynamic of renovation with the inauguration of the historical shopping center in Saint-Priest, France. A qualitative leap for the customers Created in 1981, Saint-Priest is ranked 6 out of all the hypermarkets of France and until 2015 only few transitional changes were made. In a spirit of modernity and excellence, Immochan and Auchan have invested…
March 18, 20160Comments

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CBRE announces leadership changes at CBRE Global Investors and Trammell Crow Company

Los Angeles, 2016-Mar-17 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced senior leadership changes in its real estate investment subsidiaries, CBRE Global Investors – a global real estate investment management firm – and Trammell Crow Company – a U.S. real estate development services business. The announcement was made by Bob Sulentic, CBRE’s President…
March 17, 20160Comments

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Awards Malls Management Retail

CBRE Group top-ranked global firm for commercial real estate investment sales during 2015 according to Real Capital Analytics

Los Angeles, 2016-Mar-17 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) was the top-ranked firm for commercial real estate investment sales throughout the world during 2015, according to Real Capital Analytics (RCA). CBRE has achieved the number one position in each of the five years that RCA has published global rankings. RCA credited CBRE with 21.9%…
March 17, 20160Comments

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Business Malls Management Retail

CBRE Group announces the appointment of Paula R. Reynolds to its Board of Directors

Los Angeles, 2016-Mar-17 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced that Paula R. Reynolds, an accomplished senior executive and highly experienced board member, has been appointed to its Board of Directors. Ms. Reynolds served as Chief Executive Officer of Safeco Corporation, a Fortune 500 property and casualty insurance company, until its acquisition by…
March 17, 20160Comments

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Art Malls Retail Retailer

Philippines: Manila-Acapulco Galleon Museum to launch at the Mall of Asia Complex in Pasay City

Pasay City, Philippines, 2016-Mar-16 — /EPR Retail News/ — Museo del Galeon, Inc. is bringing to life the country’s trade heritage with the Manila-Acapulco Galleon Museum at the Mall of Asia Complex in Pasay City. Set to be launched in the third quarter of 2016, the dome-shaped museum’s main feature is a replica of the Galleon…
March 16, 20160Comments

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Malls Management Philanthropy Retail Retailer

Philippines: SM Foundation ended 2015 on high note as four of its scholar-graduates topped the 2015 national licensure examinations for engineering

SM Foundation celebrates board topnotchers and donates 8 school buildings Pasay City, Philippines, 2016-Mar-16 — /EPR Retail News/ — SM Foundation ended 2015 on a high note as it welcomed another first for its college scholarship program—four of its most recent scholar-graduates topped the 2015 national licensure examinations for engineering. These students are part of SM Foundation’s…
March 16, 20160Comments

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Business Malls Management Retail

CBL closes sale of 75% interest in River Ridge in Lynchburg, VA, to Liberty University

CHATTANOOGA, Tenn., 2016-Mar-14 — /EPR Retail News/ — CBL & Associates Properties, Inc. (NYSE: CBL) today announced progress on its mall disposition program. CBL closed on the sale of a 75% interest in River Ridge in Lynchburg, VA, to Liberty University. CBL received net cash proceeds of $33.5 million for the interest in River Ridge. CBL…
March 14, 20160Comments

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PREIT sold its ninth lower-productivity mall since it started divesting non-core properties in late 2012

PHILADELPHIA, 2016-Mar-09 — /EPR Retail News/ — PREIT (NYSE: PEI) today announced that its recent sale of Palmer Park Mall marked the ninth lower-productivity mall sold by PREIT since having announced its plans to divest non-core properties in late 2012.   These properties generated average sales psf of $254 at the time of sale.  The Company…
March 9, 20160Comments

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Pennsylvania Real Estate Investment Trust to present at the Citi 2016 Global Property CEO Conference

PHILADELPHIA, 2016-Mar-09 — /EPR Retail News/ — Pennsylvania Real Estate Investment Trust (NYSE: PEI) today announced that Joseph Coradino , Chief Executive Officer, and Robert McCadden , Executive Vice President and Chief Financial Officer, will participate in a roundtable presentation at the Citi 2016 Global Property CEO Conference in Hollywood, Florida . The Company's roundtable presentation is…
March 9, 20160Comments

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Taubman embarks on a $500 million re-imagination of Beverly Center

Every aspect of the center to be transformed by holiday 2018 LOS ANGELES, 2016-Mar-09 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) is embarking on a $500 million re-imagination of Beverly Center this month that will transform every aspect of the iconic fashion destination. The details were revealed this evening at an event featuring…
March 9, 20160Comments

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Weingarten Realty Investors to release first quarter 2016 earnings on April 21, 2016

HOUSTON, 2016-Mar-09 — /EPR Retail News/ — Weingarten Realty Investors (NYSE:WRI) announced today that its first quarter 2016 earnings will be released after the market closes on Thursday, April 21, 2016. Senior Management will host our quarterly earnings conference call on Friday, April 22, 2016 at 10:00 a.m. Central Time. Event: Weingarten Realty’s First Quarter 2016 Earnings Results When: 10:00…
March 9, 20160Comments

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