Blackstone to buy U.S. mall stakes from UBS
Blackstone Group LP, the largest private-equity firm, agreed to buy a majority stake in 40 U.S. shopping centers from UBS AB property funds in a deal valued at about $1.1 billion, as it expands its...
View ArticleJust Sold: Seemingly straightforward sale takes a few twists and turns
A building housing a Sports Authority store and a new Planet Fitness in Roseville sold for $4.64 million, according to a certificate of real estate value made public on Tuesday.
View ArticleBlackstone’s Brixmor Property files to go public
Brixmor Property Group, organized as a real estate investment trust, may raise as much as $100 million in the initial public offering, a placeholder amount that will probably change.
View ArticleBrixmor gains after REIT IPO raises $825 million
Brixmor Property Group Inc., the second-largest U.S. shopping-center landlord, climbed 2 percent in its trading debut.
View ArticleSimon to spin off strip centers, small malls
The largest U.S. mall owner plans to spin off to shareholders its strip-center business and smaller enclosed malls into a new company.
View ArticleJust Sold: River’s End completes lease purchase for Medina HQ; plans to sell
The company plans to keep its corporate offices in the building until a sale, then lease space somewhere in the Twin Cities.
View ArticleBlackstone to sell retail stake to Kimco for $512M
Kimco will buy Blackstone’s two-thirds interest in the properties, which total 5.6 million square feet and are in New York, Virginia, Texas, Florida, California and Maryland.
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