Jacksonville, Fla. — Jacksonville-based Regency Centers Corp. (NYSE: REG) has agreed to acquire Equity One Inc. (NYSE: EQY), creating one of the largest shopping center REITs in the U.S.
Peoria, Ill. — Peoria-based Cullinan Properties has announced a new mixed-use development and promotions.
Springfield, Mo. and Sidney, Neb. — Bass Pro Shops has agreed to acquire Cabela’s Inc. (NYSE: CAB) for $5.5 billion, or $65.50 per share of CAB stock.
New York City — American Finance Trust Inc. (AFIN) has acquired all of the outstanding common stock of American Realty Capital – Retail Centers of America Inc. (RCA) for approximately $1.4 billion, including the assumption or repayment of $432 million in debt.
Boca Raton, Fla. — Boca Raton, Fla.-based Office Depot Inc. (NASDAQ: ODP) announced Wednesday that the company plans to close an additional 300 stores over the next three years in an attempt to cut $250 million in costs by 2018.
Sunbury, Pa. — Weis Markets Inc., a Mid-Atlantic grocery retailer, has reached an agreement with Food Lion LLC to purchase 38 Food Lion supermarket locations in Maryland, Virginia and Delaware.
Beachwood, Ohio — Beachwood-based DDR Corp. has named Thomas August president and CEO.
Los Angeles — Peter Lowy, co-CEO of Westfield Corp., the Australia-based shopping center owner and operator that has its U.S. headquarters in Los Angeles, has been named to the U.S. Department of Commerce’s newly established U.S. Investment Advisory Council (IAC).
New York and Los Angeles — NorthStar Asset Management Group Inc. (NYSE: NSAM), Colony Capital Inc. (NYSE: CLNY) and NorthStar Realty Finance Corp. (NYSE: NRF) have entered into a definitive merger agreement under which the companies will combine in an all-stock merger to create a diversified global equity REIT with a total capitalization of $17 billion.
Englewood, Colo. — Englewood-based Sports Authority Inc. has announced that it will close the doors to all 463 of its locations by the end of August.