DEALS

With all its real estate now in place, DealPoint Merrill is ready to proceed with the construction of the Belle Oaks Marketplace mixed-use center on the site of what was once one of Ohio’s largest malls.

Kite Realty Group and Retail Properties of America announced a merger in which RPAI will become a subsidiary of KRG.

North American Properties announced that it has acquired a minority interest in The Avenue East Cobb in Marietta, Ga.

Over 20% of Americans got COVID-19 in the past year, but close to 100% of retail chains and mall and center owners were victimized by its effects.

Kohan Retail Investment Group has acquired McKinley Mall in Hamburg, N.Y., for a sale price of $8.5 million.

Delight Restaurant Group is expanding its footprint.

San Antonio’s The Rim, at 1.6 million sq. ft the largest power center in Texas, has been sold by the Hines Global REIT Liquidating Trust for an undisclosed sum.

Leasing activity at PREIT properties during the first quarter of 2021 strongly contradicts a popular notion that malls will all perish post-pandemic.