Cedar Shopping issues $70M in preferred shares
Port Washington’s Cedar Shopping Centers Inc. said Tuesday it priced a public offering of an additional 2.85 million shares of its 8.875 percent preferred shares at $24.50 each in a move to raise about...
View ArticleCedar buys NJ shopping center for $26.5M
Port Washington-based Cedar Shopping Centers will partner with RioCan Real Estate Investment Trust of Toronto to purchase the Cross Keys Place shopping center in Sewell, New Jersey for about $26.5...
View ArticleToys R Us to double workforce for holidays
Toys R Us will hire about 45,000 employees to help with the holiday season, doubling its U.S. work force. The privately held toy company said Tuesday that it is hiring more workers than in the past...
View ArticleCedar Shopping Centers buys 5 properties
Cedar Shopping Centers Inc. and RioCan Real Estate Investment Trust said Thursday they have completed the purchase of five shopping centers in three mid-Atlantic states for nearly $135 million. Port...
View ArticleCedar Shopping Centers CEO retires
Cedar Shopping Centers Inc. said Wednesday that Leo S. Ullman, its chairman, president and CEO, is retiring. The real estate investment trust, which focuses on building, owning and managing shopping...
View ArticleKimco sells 11 centers, buys 3
New Hyde Park-based Kimco Realty acquired three grocery-anchored shopping centers in the 2nd quarter for about $75.5 million, according to a company statement. The newly acquired centers include...
View ArticleMall at the Source nearly empty
Known as Simply Cell for nearly six years, Chris Depardieu recently changed the name of his struggling mobile phone accessories kiosk to try and change its luck. It didn’t work. Now called Street Talk,...
View ArticleFoxwoods breaks ground on $115M Tanger outlets
Foxwoods Resort Casino headed in a new direction Thursday, breaking ground on a 300,000-square-foot Tanger Outlets retail center.
View Article2013 recap: Syosset land sale
The 18-year battle over the shopping mall proposed by Taubman Centers in Syosset took a bizarre twist in 2013, after the Town of Oyster Bay announced it would sell 54 acres of adjoining land to a rival...
View Article