DEALS

If you have stores in Slate Grocery centers in Minnesota, Illinois, or North Dakota, chances are you’ll now be dealing with real estate professionals from Pine Tree.

Ridge Hill, a prime mixed-use center that sits atop a scenic hill in Yonkers, NY, is due for the kind of repositioning that made Avalon center the toast of Alpharetta, Ga.

PREIT has been doing it, CBL is doing it, and now another big mall owner is offering special lease terms to local and minority-owned businesses to add variety to its tenant lineups.

A New Jersey-based real estate investment firm, most of whose 43 outdoor centers are found east of the Mississippi River, has purchased its first property in Texas.

With its latest acquisition, North American Properties claims to have achieved “critical mass” control over aspirational mixed-use developments in the tony North Atlanta suburbs.

An affiliate of First Washington Realty has acquired Donahue Schriber group to form one of the leading outdoor center operators with 150 properties.

PREIT, the mall owner which years ago set a minimum average sales-per-sq.-ft. number as a marker for dispossession, now finds itself with record-high receipts.

One of the nation’s biggest retail real estate brokerages just got bigger.