New York City — New York REIT (NYSE: NYRT) has agreed to acquire all properties of JBG Cos. and some of its private funds, creating an $8.4 billion real estate investment trust (REIT) named JBG Realty Trust.
Manhattan Beach, Calif. — JLL Retail is set to begin the $150 million redevelopment of Manhattan Village Shopping Center, a 44-acre, 573,000-square-foot mixed-use center located in Manhattan Beach.
Germantown, Tenn. — Trademark Property Co. has signed three new retailers to join Saddle Creek, a 173,000-square-foot outdoor lifestyle retail center in Germantown, roughly 22 miles east of Memphis.
Miami — Swire Properties Inc., along with co-developers Whitman Family Development and Simon Property Group, has signed 11 new retailers as tenants of Brickell City Centre’s 500,000-square-foot shopping center in Miami.
Las Vegas — This is a “Rodney Dangerfield recovery,” declares Dr. Ben Bernanke, former chairman of the Federal Reserve. Much like the late comedian, it gets no respect.