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Silverado Plaza in Tucson in $1.93 Billion Portfolio Sale to Blackstone-DDR JV

A joint venture formed by Ohio-based DDR Corp. (NYSE: DDR) and an affiliate of the New York Blackstone Group (NYSE:BX) has closed on the acquisition of 71 shopping centers previously owned by American Realty Capital Properties, Inc. (NASDAQ: ARCP) for $1.93 billion. The Arizona assets were multi-tenant properties that were acquired by Cole Real Estate […]

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DDR, Blackstone in $2 Billion Acquisition of 76 Power Centers

Private equity fund Blackstone Real Estate Partners has teamed up with DDR Corp. again, this time bringing the Beachwood, Ohio–based REIT into its previously announced deal to acquire a portfolio of 76 power centers from American Realty Capital Properties. This third joint venture of the two companies will buy the portfolio for nearly $2 billion, including $461 million in assumed

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DDR Announces Proactive Project To Recapture Prime Anchor Store Locations

BEACHWOOD, Ohio, DDR Corp. (NYSE: DDR) the owner and manager of 396 value-oriented shopping centers including Tucson Spectrum and representing 108-million-square-feet in 39 states and Puerto Rico announced Thursday the commencement of a multi-year proactive lease termination initiative aimed at recapturing high-quality anchor store locations across its portfolio. Through this initiative, DDR is collaborating with retailers

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