Content about Joint venture

May 16, 2013

DDR Corp. announced an agreement to acquire a portfolio of prime power centers from its existing joint venture with Blackstone Real Estate Partners VII.

Beachwood, Ohio -- DDR Corp. announced an agreement to acquire a portfolio of prime power centers from its existing joint venture with Blackstone Real Estate Partners VII.  The acquisition is slated to close in fourth quarter 2013.
 
The joint venture between Blackstone and DDR currently owns 44 shopping centers, and DDR will acquire Blackstone's 95% common equity ownership interest in 30 of the shopping centers for $1.46 billion.

March 19, 2013

Washington, D.C. -- The Rappaport Cos. and Principal Real Estate Investors announced a joint venture to acquire retail assets throughout the Mid-Atlantic region.  

The program launched with the recapitalization of approximately 1 million sq. ft. of retail space in four retail centers located in Northern Virginia.  

February 27, 2013

Office Depot largest shareholder Starboard Value said it sent a letter to the office supply retailer’s board, urging it to sell its 50% joint-venture interest in the Office Depot de Mexico business as soon as possible.

Boca Raton, Fla. -- Office Depot largest shareholder Starboard Value said Wednesday it sent a letter to the office supply retailer’s board, urging it to sell its 50% joint-venture interest in the Office Depot de Mexico business as soon as possible.

Starboard, which owns a 14.8% stake in Office Depot, said it believes the value of the JV interest is not fully reflected in the retailer's stock price.

January 4, 2013

Simon Property Group and Institutional Mall Investors (the co-investment venture owned by an affiliate of Miller Capital Advisory and The California Public Employees' Retirement System [CalPERS]), announced that they have formed a joint venture to own and operate The Shops at Mission Viejo in the Los Angeles suburb of Mission Viejo, Calif., and Woodfield Mall in the Chicago suburb of Schaumburg, Ill.

Indianapolis -- Simon Property Group and Institutional Mall Investors (the co-investment venture owned by an affiliate of Miller Capital Advisory and The California Public Employees' Retirement System [CalPERS]), on Thursday announced that they have formed a joint venture to own and operate The Shops at Mission Viejo in the Los Angeles suburb of Mission Viejo, Calif., and Woodfield Mall in the Chicago suburb of Schaumburg, Ill.

December 5, 2012

Trademark Property Group announced that together with Coventry Real Estate Advisors, Southern Land Co. and PCCP, it has recapitalized the Watters Creek at Montgomery Farm mixed-use project near Dallas in a joint-venture arrangement.

Fort Worth, Texas -- Trademark Property Group announced that together with Coventry Real Estate Advisors, Southern Land Co. and PCCP, it has recapitalized the Watters Creek at Montgomery Farm mixed-use project near Dallas in a joint-venture arrangement.
 
The Joint Venture acquired the note on the property from a multi-bank syndicate led by PNC Bank. PCCP provided the capital for the transaction from its opportunistic fund, PCCP Equity VI, L.P.

November 28, 2012

Bayer Properties announced that, through a joint venture between it and institutional investors advised by J.P. Morgan Asset Management, has acquired The Avenue Webb Gin outdoor mixed-use shopping center from Atlanta-based Cousins Properties.

Birmingham, Ala. -- Bayer Properties announced that, through a joint venture between it and institutional investors advised by J.P. Morgan Asset Management, has acquired The Avenue Webb Gin outdoor mixed-use shopping center from Atlanta-based Cousins Properties.

September 11, 2012

A report by Reuters said that the Indian joint venture of Wal-Mart Stores and Bharti Enterprises has announced plans to open three to five cash-and-carry/wholesale stores in India by the end of the year.

Bangladesh, India -- A Tuesday report by Reuters said that the Indian joint venture of Wal-Mart Stores and Bharti Enterprises has announced plans to open three to five cash-and-carry/wholesale stores in India by the end of the year.

The partnership currently operates 17 wholesale stores in India. 

Foreign ownership regulations in India do not allow global hypermarket and supermarket chains to open retail stores in the country, but they are allowed to operate wholesale operations.

August 29, 2012

Taubman Asia confirmed a joint venture agreement between Taubman TCBL and Beijing Wangfujing Department Store (Group) Co., Ltd (Wangfujing), one of China's largest department store chains.

Hong Kong -- Taubman Asia confirmed a joint venture agreement between Taubman TCBL and Beijing Wangfujing Department Store (Group) Co., Ltd (Wangfujing), one of China's largest department store chains.
 
The joint venture will own a controlling interest in and manage a shopping center to be located at Xi'an Saigao City Plaza, a large-scale mixed-use development in Xi'an, China, which is developed by Shaanxi Fuli Real Estate Development Co. Ltd. This is the first retail development by Taubman TCBL in China since the company was formed in late 2011.

August 2, 2012

An affiliate of Manhattan-based real estate company JEMB Realty Corp. has agreed to purchase the leases and certain intellectual assets of Daffy’s Inc. for $43 million, Bloomberg reported.

New York -- An affiliate of Manhattan-based real estate company JEMB Realty Corp. has agreed to purchase the leases and certain intellectual assets of Daffy’s Inc. for $43 million, Bloomberg reported. The deal is subject to bankruptcy court approval.

Daffy’s filed for Chapter 11 protection listing assets of $60.2 million and debt of $70.5 million as of July 1. The chain operates 19 stores, with the majority in the New York City metro area.

June 5, 2012

Brooks Bros. Group and Reliance Brands Limited announced the formation of a joint venture company in India.

New York -- Brooks Bros. Group and Reliance Brands Limited announced Tuesday the formation of a joint venture company in India.

Reliance Brands, a division of Reliance Industries Group, will use its local connections to bring the American brand to India.

May 15, 2012

DLC Management Corp. and Hutensky Capital Partners have announced a joint-venture acquisition of Walmart Plaza, a 199,393-sq.-ft. shopping center in Derby, Conn.

Derby, Conn. -- DLC Management Corp. and Hutensky Capital Partners have announced a joint-venture acquisition of Walmart Plaza, a 199,393-sq.-ft. shopping center in Derby, Conn.

Anchored by Walmart, Adams Hometown Market and CVS, the center adds to DLC’s Connecticut holdings of nine shopping centers and 1.4 million sq. ft.
 

January 24, 2012

Chattanooga, Tenn.-based CBL & Associates Properties announced that Michaels would join the second phase of The Forum at Grandview, a community center in Madison, Miss.

Madison, Miss. -- Chattanooga, Tenn.-based CBL & Associates Properties announced that Michaels would join the second phase of The Forum at Grandview, a community center in Madison, Miss.

Construction for the 83,000-sq.-ft. second phase is currently underway. In addition to Michaels, anchors will include Ulta, Homegoods, and Petco as well as 14,000 sq. ft. of specialty stores. The opening of phase II is scheduled for summer 2012.

November 7, 2011

Pine Tree Silverpeak Retail Partners, a joint venture between Northbrook, Ill.-based Pine Tree Commercial Realty and New York City-based Silverpeak Real Estate Partners, recently teamed up with New York City-based Privet Investments in the acquisition of Hamilton Place Shopping Center in Auburn, Ala.

Northbrook, Ill. -- Pine Tree Silverpeak Retail Partners, a joint venture between Northbrook, Ill.-based Pine Tree Commercial Realty and New York City-based Silverpeak Real Estate Partners, recently teamed up with New York City-based Privet Investments in the acquisition of Hamilton Place Shopping Center in Auburn, Ala.

The partners purchased the grocery-anchored shopping center from an Alabama-based developer, assuming existing financing. Publix anchors the 79,540-sq.-ft. center.

October 28, 2011

Charlotte, N.C.-based Crosland Southeast said it broke ground Friday on Richmond MSA’s newest multi-use development, Stonebridge, which will occupy the site of the former Cloverleaf Mall in Chesterfield County, Va.

Richmond, Va. -- Charlotte, N.C.-based Crosland Southeast said it broke ground Friday on Richmond MSA’s newest multi-use development, Stonebridge, which will occupy the site of the former Cloverleaf Mall in Chesterfield County, Va.

The first phase of Stonebridge includes the construction of 144,000-sq.-ft. of retail space – most notably, a 123,600-sq.-ft. Kroger Marketplace grocery store that will be the region’s largest and the company’s most expensive to date.  

August 30, 2011

Chattanooga, Tenn.-based CBL & Associates Properties has announced the start of construction on Phase II of The Forum at Grandview, a community center in Madison, Miss.

Madison, Miss. -- Chattanooga, Tenn.-based CBL & Associates Properties has announced the start of construction on Phase II of The Forum at Grandview, a community center in Madison, Miss.

The 83,000-sq.-ft. second phase will include anchors Ulta, Homegoods, Petco and a national arts and crafts retailer, along with 14,000 sq. ft. of specialty stores. The opening of phase II is scheduled for summer 2012.

June 9, 2011

A Wednesday report by Bloomberg said that Wal-Mart Stores, in its joint venture with Indian company Bharti Enterprises, plans to triple its wholesale outlet locations in India this year.

Bangalore, India -- A Wednesday report by Bloomberg said that Wal-Mart Stores, in its joint venture with Indian company Bharti Enterprises, plans to triple its wholesale outlet locations in India this year.

The report comes as Wal-Mart and other foreign retailers have been blocked from opening retail outlets in India, and are permitted only to set up wholesale locations.

May 26, 2011

Tanger Factory Outlet Centers Inc. and The Peterson Cos. announced that they have entered into a joint venture agreement to develop, manage and lease Tanger Outlets at National Harbor.

Washington, D.C. — Tanger Factory Outlet Centers Inc. and The Peterson Cos. announced that they have entered into a joint venture agreement to develop, manage and lease Tanger Outlets at National Harbor.

May 13, 2011

Paster Enterprises announced that Whole Foods Market is opening a 32,000-sq.-ft. standalone location at the company’s Minnetonka property.

St. Paul, Minn. -- Paster Enterprises announced that Whole Foods Market is opening a 32,000-sq.-ft. standalone location at the company’s Minnetonka property.

Construction on the project, a joint venture between Paster Enterprises and Shiner Capital Partners, a Chicago-based real estate investment firm, officially began on April 20.

December 1, 2010

X Team International said Tuesday that Walnut Creek, Calif.-based partner John Cumbelich & Associates arranged the sale of Downtown Pleasant Hill, a 345,687-sq.-ft. community shopping center in Pleasant Hill, Calif.

Pleasant Hill, Calif. -- X Team International said Tuesday that Walnut Creek, Calif.-based partner John Cumbelich & Associates arranged the sale of Downtown Pleasant Hill, a 345,687-sq.-ft. community shopping center in Pleasant Hill, Calif.

Downtown Pleasant Hill is anchored by Century Theatres, Lucky Supermarket, Bed Bath & Beyond, Ross Dress For Less, Michaels and Borders.

The buyer was Walnut Creek-based Loja Group, and the seller was a joint venture between Prudential and Developers Diversified Realty.

November 17, 2010

Chattanooga, Tenn.-based CBL & Associates Properties announced the opening of Phase I of The Forum at Grandview, a community center development in Madison, Miss.

Madison, Miss. -- Chattanooga, Tenn.-based CBL & Associates Properties announced the opening of Phase I of The Forum at Grandview, a community center development in Madison, Miss.

The 110,000-sq.-ft. Phase I opened 100% leased with anchors Best Buy, Dick’s Sporting Goods and Stein Mart. The new stores join the existing anchors Miskelly Furniture and Malco Grandview Theater.

The Forum at Grandview is a joint venture of CBL and The Mattiace Co.

November 13, 2010

Developers Diversified Realty Corp. announced that the company's joint venture in Brazil, Sonae Sierra Brasil, has opened a nearly 60,000-sq.-ft. expansion at Parque Dom Pedro Shopping, now a 1.3 million-sq.-ft. enclosed mall in Campinas, Brazil.

Beachwood, Ohio -- Developers Diversified Realty Corp. announced that the company's joint venture in Brazil, Sonae Sierra Brasil, has opened a nearly 60,000-sq.-ft. expansion at Parque Dom Pedro Shopping, now a 1.3 million-sq.-ft. enclosed mall in Campinas, Brazil.

September 28, 2010

Charlotte, N.C.-based Crosland LLC announced that nine new national and local tenants have joined the...

August 18, 2010

Charlotte, N.C.-based Crosland LLC said five national and local tenants will open at the 120-acre...

August 2, 2010

Coach reported a 34% increase in its fiscal fourth-quarter earnings on Tuesday, as the company...

May 17, 2010

Caruso Capital Partners, LLC, an affiliate of Caruso Affiliated, said it has hired Bryce Ross...