The big news this week was Macerich Co. turning down a $22.4 billion takeover bid by rival Simon Property Group, using some of the state’s premier shopping centers referred to as Arizona trophy malls a reason for rejection of the offer. The proposed deal would have greatly expanded Simon’s presence and influence in Arizona, offering […]
Macerich: Arizona Trophy Malls reason to Reject Simon’s $22.4 Billion Bid Read More »
Macy’s to acquire Bluemercury Cincinnati, OH In its first acquisition in 10 years, Macy’s announced this week it has signed an agreement to acquire luxury beauty products retailer Bluemercury for $210 million in cash. The privately held Bluemercury, based in Washington, D.C., currently operates about 60 specialty stores in 18 states, primarily in prime street-level
National Retail Changes this week that will soon be felt in Arizona Read More »
TUCSON, AZ – Paloma Village Center, located at one of the most desirable intersections in the State, Campbell Ave & Skyline Drive in Tucson, sold for $17.2 million ($456 PSF). The 37,739-square-foot center on 4.49 acres sold to HRA Paloma LP, a commercial real estate entity affiliated with Hannay Realty Advisors based in Phoenix plans
Tucson’s Paloma Village Neighborhood Center Sells for $17.2 Million Read More »