In today’s volatile retail real estate climate, there is ample need for redevelopment or value-add acquisitions. Tri-Land, a Chicago-based owner and operator, is one such company known for repositioning underperforming retail centers. Established in 1978, the company is launching two
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New York City — Elliott Management Corp. has agreed to acquire Barnes & Noble for $683 million, or $6.50 per share. In 2014, Barnes & Noble closed its New York Fifth Avenue store, which was once the world’s largest bookstore.
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Mahwah, N.J. — Dressbarn, a women’s apparel retailer, plans to eventually close all 650 of its stores nationwide. The New Jersey-based company is winding down its retail operations and plans to assist its 6,800 associates with transition support as individual
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New York City — Richard Johnson and Charlie Koniver have launched Odyssey Retail Advisors LLC, an expansion and rebranding of Johnson Retail RE Consulting Inc. Johnson and Koniver both previously worked for global luxury group, Kering. Johnson is an attorney
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Memphis, Tenn. — Fred’s Inc. (NASDAQ: FRED), a discount chain and pharmacy, will close 159 underperforming U.S. stores, approximately 30 percent of the company’s total footprint. Memphis, Tennessee-based Fred’s will have about 400 general merchandise stores left open following this
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Virginia Beach, Va. — Alex Divaris, executive vice president of Divaris Real Estate Inc., died April 8 due to complications from colon cancer. He was 40 years old. Divaris assisted local, regional and national investors, users and sellers in the
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Chicago — Cushman & Wakefield has established a new Sports & Entertainment Advisory Group to provide solutions for designing, building, financing, operating and maximizing revenue streams for athletic and entertainment venues. The new S&E Advisory Group includes partnerships with industry
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Irving, Texas — Following a merger with the parent company of the Chuck E. Cheese brand, London-based Leo Holdings Corp. plans to rebrand itself and take the new company public on the New York Stock Exchange (NYSE) under the ticker
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Hamilton, Bermuda — Signet Jewelers (NYSE: SIG), which owns jewelry retailers Kay, Zales and Jared, will close approximately 150 North American stores after the 2019 holiday shopping season, the company said in its latest earnings report. These store closings follow
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Birmingham, Ala. — Bayer Properties promoted Jami Wadkins and Libby Lassiter to co-presidents of the Birmingham, Alabama-based development company. The promotions complete a leadership transition that began two years ago. Jeffrey Bayer and David Silverstein have formally stepped down from
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New York City — Tommy Hilfiger has closed its flagship store on Fifth Avenue in Manhattan, and the apparel retailer also plans to shutter its store on Collins Avenue in Miami on April 28. These moves mark the closing of
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Illinois, Iowa and Michigan — Real estate advisory and brokerage firm A&G Realty Partners has announced the results of its Jan. 28 bankruptcy auction of the final department store properties formerly owned by The Bon-Ton Stores Inc.
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