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Top Stories for the Week of May 21, 2007
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Discovery Communications Closing Its 103 Stores
SILVER SPRING, MD-The company is closing the stores, in some of the country’s most visible malls, and concentrating on licensing and Internet sales.

Limited Selling Express Chain, Explores Options
COLUMBUS, OH-The company is selling a majority interest in the 631-store chain to a private-equity firm for $548 million and looks at selling its Limited units.

JV of Prudential, Pacific Castle to Invest $500M
IRVINE, CA-The joint venture of the New Jersey firm and locally based Pacific Castle will focus on retail buys in the West.

DDR, Dividend Capital Finalize $161M Deal
DENVER-Dividend Capital Total Realty Trust acquires a 90% interest in three retail centers from Developers Diversified, which will continue to manage the investments.

Penney Expansion Plans Remain on Track
PLANO, TX-J. C. Penney Co. is on track to open 250 new stores and renovate 300 units over the next five years, executives say during their Q1 conference call.

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Features


GSR Hotseat
Mackenzie Keck’s Vikram Reddi
“I think we all contribute to waste, and the more we focus on recycling, the better off we’re all going to be.”


GSR Insider
Limiting Co-Tenancy Requirement Impacts
There are steps a landlord can do to lessen the impacts of these restrictions.


GSR Advisor
Phoenix Retail Remains Healthy
Population growth, low retail vacancies and increased lease rates are all helping the industry.

Regional Coverage
Northeast     Print Full Region
Bad Weather Dampens TJX Cos. Q1
$467M Refis Pyramid’s Debt, Funds Expansion
Plymouth Meeting Mall Undergoes $84M Redo
Combined Properties Pushes Into Mid-Atlantic
Work Starts on 325,000-SF Lifestyle Center
Friendly’s Focuses on Service Initiative
Harleysville Buys East Penn Bank for $93M
Di Bruno Joins Comcast Center Market Roster
Mall Expansion Signs Borders Books
Real Estate Florida Grows Advisory Board
Southeast     Print Full Region
Home Depot to Expand Showroom Spaces
Krispy Kreme Sees Progress in Franchising
Colonial Realty Sells Shopping Center for $21M
NAP Plan Hikes Merchant’s Festival to 220,000 SF
Midwest     Print Full Region
Sales Slump Hits Federated Department Stores
JV Plans 400,000-SF Lifestyle Village Square
JV Plans $300M MXD to Replace Former Kmart HQ
Pine Tree Starts Early Buy Program With $110M
Casto, JPMorgan Buys Site for Reported $220M
Midland Forms New Retail Acquisitions Team
Construction Begins on $200M Arboretum Center
Southwest     Print Full Region
MGI Opens Slow, Pledges Better Ending
Cold Stone, Kahala Combine for New Brand
Interra Sizing Up More Retail Development Sites
Harrah's, Buffett Unveil $700M Gulf Coast Resort
PetSmart Profits Despite Food Recall
Three Sales Push 174,252 SF of Retail
JV Plans $30M Mixed-Use to Neighbor Galleria
West     Print Full Region
Re-Imaging Pays Off for Jack in the Box
Nordstrom To Ramp Up Luxury Offerings
Crate & Barrel Signs Up for Summerlin Centre
Swenson to Redevelop Palo Alto Bowl Site
Cornerstone Buys Bridgeside Center for $40M
Retail Centers in Growth Areas Fetch $41M
Ruffin Sells New Frontier to Tshuva for Plaza West
CBRE Launches Retail Services Unit
Oakland A’s Gain Control of 226-Acre Site
Westside Mixed-Use Projects Trade for $30M
Riv Submits $34 Bid for Riviera Holdings
Convention Center Getting $890M Makeover
New Bid Takes Riviera Back to Square One
Global     Print Full Region
$400M Lac Mirabel Complex Moves Forward


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