Content about Beachwood, Ohio

June 12, 2014

DDR Corp. and an affiliate of Blackstone Real Estate Partners VII have announced the formation of a third joint venture to acquire 76 shopping centers currently owned by American Realty Capital Properties, Inc.

Beachwood, Ohio — DDR Corp. and an affiliate of Blackstone Real Estate Partners VII have announced the formation of a third joint venture to acquire 76 shopping centers currently owned by American Realty Capital Properties, Inc.

The joint venture will acquire the portfolio in a transaction valued at $1.975 billion, including assumed debt of $461 million and approximately $800 million of new financings.  

May 29, 2014

Shopping center operator DDR Corp. is commencing a multi-year proactive lease termination initiative aimed at recapturing high-quality anchor store locations across its portfolio.

Beachwood, Ohio – Shopping center operator DDR Corp. is commencing a multi-year proactive lease termination initiative aimed at recapturing high-quality anchor store locations across its portfolio. Through this initiative, DDR is collaborating with retailers in the books, electronics, toys, office and traditional department store categories to right-size their real estate footprints by regaining control of locations in advance of natural lease expiration.

October 3, 2013

Power centers have proven themselves to be a resilient asset class in recent years. First the recession cut into business. Then e-commerce leveled some of their big-box tenants, hurt others and ignited a downsizing trend. 

Yet research from Washington, D.C.-based CoStar Group shows that only 2% of power centers have vacancy rates of 40% or higher and probably won’t recover. Another 6% have vacancy rates of 20% to 40% and are in serious condition but may recover.

After all the carnage, only a little more than 2% can’t recover? How can that be?

December 18, 2012

Shopping center owner and developer DDR Corp., based in Beachwood, Ohio, said Tuesday it will sell 22 acres of land to Ikea Property for the construction of Ikea’s first store in Kansas, located in the Kansas City bedroom community of Merriam, Kan.

Merriam, Kansas -- Shopping center owner and developer DDR Corp., based in Beachwood, Ohio, said Tuesday it will sell 22 acres of land to Ikea Property for the construction of Ikea’s first store in Kansas, located in the Kansas City bedroom community of Merriam, Kan.
 
Ikea confirmed Tuesday that the City Council of Merriam has unanimously approved plans for this project, following last month's approval from the city's Planning Commission.
 

July 20, 2012

Beachwood, Ohio-based Chase Properties said it has acquired Williams Crossing in Bedford, Ind., from Horne Properties.

Bedford, Ind. -- Beachwood, Ohio-based Chase Properties said it has acquired Williams Crossing in Bedford, Ind., from Horne Properties.

Williams Crossing is a 50,000-sq.-ft. shopping center that is shadow-anchored by a Super Walmart. Other tenants in the center include Dollar Tree, Maurices, Shoe Show and Hibbett Sports. Marcus & Millichap brokered the sale.
 

October 24, 2010

Developers Diversified Realty Corp. said it has appointed Robert McGovern to the position of leasing...

October 26, 2009

Developers Diversified Realty Corp. announced the appointment of Thomas Garvey to senior leasing director --...