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Taubman Acquires Nashville and El Paseo Shopping Centers

By Tavis J. Hampton | December 31, 2011
Taubman Centers Inc. has announced its acquisition of two prominent shopping centers in El Paseo, California and Nashville, Tennessee. Taubman purchased the properties in a deal valued at approximately $560 million. In Paseo, Taubman acquired The Gardens on El Paseo and El Paseo Village, two adjacent properties that cater to high-end retail and tourism. Offering […]
US Real Estate

TIAA-CREF to Invest $1.09 Billion in 4 CBL Shopping Malls

By Tavis J. Hampton | May 10, 2011
Today, institutional real estate investor TIAA-CREF announced a $1.09 billion join venture with CBL to invest in four shopping malls. The shopping malls are Oak Park Mall in Kansas City, KS, CoolSprings Galleria in Nashville, TN, County Center in St. Louis, MO, and Pearland Town Center in Pearland, TX. According to Stephen Lebovitz, president and […]
US Real Estate

USAA Sells 16 Real Estate Properties

By Tavis J. Hampton | May 5, 2011
USAA Real Estate Company has sold 16 of its properties in a Single Tenant Net Lease Retail Portfolio.  An affiliate of The Inland Real Estate Group of Companies, Inc. purchased the portfolio for an undisclosed amount. The 16 properties in the portfolio total 118,046 square feet and are leased to tenants from several well-known companies, […]
US Real Estate

Investcorp Acquires $120 Million in US Properties

By Tavis J. Hampton | April 11, 2011
Investcorp has announced the acquisition of Coral Palm Plaza shopping center in Coral Springs, Florida.  The joint venture with Lincoln Equities was valued at $120 million for the 135,672 square foot plaza. Built in 1986 and renovated in 2000, Coral Palm Plaza leases to a number of well-known retailers, including Buybuy Baby (a subsidiary of […]
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