DEALS

Chute Gerdeman acquired by real estate services company
Asset Strategies Group has enhanced its strategic real estate solutions business with the acquisition of retail design firm Chute Gerdeman.
Exclusive Q&A: CEO Stephen Lebovitz on CBL’s Chapter 11 restructuring
Most people who know Stephen Lebovitz, CBL Properties’ chief executive, were sure he wouldn’t surrender without a fight the company founded in 1978 by his father Charles B. Lebovitz.

Retail private equity deals on the rise in Q2 fueled by U.S. companies

Total retail industry private equity deals in the second quarter hit $2.63 billion globally.
PREIT executes $30 million term loan following poor Q2

A day after reporting a 36% decrease of $18.6 million in the second quarter, mall owner PREIT announced it has executed a secured term loan for up to $30 million to shore up its liquidity as the COVID-19 pandemic draws on.
DLC signs Lidl to anchor refurbished Maryland center

Lidl has signed a lease for a 27,800-sq.-ft. space once occupied by a Big Kmart at Frederick County Square.
$15.6 million deal for Georgia power center gets done during pandemic

Transwestern Real Estate Services this week closed a deal that transpired entirely during the COVID-19 pandemic.
Simon-Taubman deal hearing set for Wednesday

Taubman Centers’ fight to close its merger deal with Simon Property Group begins tomorrow, according to CNBC.
COVID-19 helps Miami’s Lincoln Road Promenade attract new tenants
Namdar acquires Connecticut mall, its seventh this year

As American malls begin a return to operations in a revised retail environment, Namdar Realty Group pursues its standard strategic mission of snapping up viable malls in B and C markets.
Florida grocery-anchored center sells for $47 million

Why, when the economy’s crippled by pandemic, would a real estate investor pay $46.7 million for a 59,694-sq. ft. grocery-anchored center?

Chute Gerdeman acquired by real estate services company