Tag: Retail

PREIT sells Two Philadelphia Assets for $45MM

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This week, PREIT sold two retail assets in center city Philadelphia to PH Retail, an affiliate of Post Brothers, for $45 million. One of the properties is located at 1501-05 Walnuts St. and is inhabited by an AT&T Mobility flagship…

Why Pop-Up Shops aren’t Just a Trend

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It’s funny how the overall needs of urban communities translate throughout most sectors of commercial real estate. Just think of the current needs of people today! We place a high level of value on characteristics like walkability (urban) and want…

Mensch & Schlemiel: Mark Horgan, Richard Basciano

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  Mensch  Noun, informal. A decent, upright, mature and responsible person. Schlemiel  Noun, slang. An awkward, clumsy, or unlucky person whose endeavors tend to fail; a loser. Mensch of the Week:  Mark Horgan,  Executive VP, CIO of Brixmor Property Group Well, Brixmor…

Top 10 Most Expensive Retail Buyouts

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Hot Topic Price: $625.5M Sycamore Partners purchased Hot Topic at $14 per share in cash that totaled over $600 million. Financial advisory was backed by Guggenheim Securities for Hot Topic and BofA Merill Lynch advised Sycamore Partners. The specialty realtor sells…