The ICSC Blog

June 30, 2011
Comments Off

Discounter Aldi Opens First Enclosed Mall Store

In May, German discount grocer Aldi, which has been methodically opening new stores in company-owned, freestanding sites the United States for decades, did something it had never done before in this country. The company opened a new store in an enclosed shopping mall, the 833,000-square-foot Westfield Chicago Ridge in southwest suburban Chicago Ridge, Ill. "The…

June 29, 2011
Comments Off

BLACKSTONE COMPLETES ACQUISITION OF CENTRO PROPERTIES GROUP US

- POSITIONS COMPANY TO DRIVE LEASING AND REDEVELOPMENT EFFORTS – NEW YORK, June 28, 2011 – BRE Retail Holdings Inc., an affiliate of Blackstone Real Estate Partners VI L.P. (“Blackstone”), today announced that it has closed the previously announced transaction to purchase the US assets and platform of Centro Properties Group and its managed funds…