cbl & associates properties
Transactions by CBL & ASSOCIATES PROPERTIES (CBL) in the last 6 months
CBL & Associates Properties Inc. (NYSE:CBL) acquired Mayfaire Town Center and Community Center from BrodyCo Inc. and Zimmer Development Company, LLC for approximately $190 million in cash on June 18, 2015. The transaction will be funded on a leverage neutral basis and remainder from sale of non-core assets. John Williams, David Stewart and Gerard Mason of Savills Studley Capital Markets Group acted as broker for BrodyCo Inc. and Zimmer Development Company.
Zimmer Development Company, LLC
Inland Real Estate Corp. (NYSE:IRC) and PGGM acquired Eastgate Crossing shopping center from CBL & Associates Properties Inc. (NYSE:CBL) for $22.8 million on June 1, 2015. The gross sales price of $22.8 million includes $1.7 million of future earn-out payments and the assumption of a $14.6 million loan secured by the property. Margaret Caldwell of Jones Lang LaSalle represented CBL in the transaction.
The Grove Huntsville, LLC acquired Madison Square Mall in Huntsville from CBL & Associates Properties Inc. (NYSE:CBL) for $5 million in cash on April 29, 2015. RCP Companies advised The Grove Huntsville in the transaction.
Carter-Haston Real Estate Services, Inc. acquired Whitepalm Apartment Homes from LIV Development LLC and CBL & Associates Properties Inc. (NYSE:CBL) for $40.3 million on March 20, 2015. Shelton Granade, Luke Wickham and Justin Basquill of CBRE Capital Markets, Inc. acted as the financial advisor for LIV Development LLC.
LIV Development LLC
An investor agreed to acquire 85% interest in Triangle Town Center and Adjacent Triangle Town Place shopping Center in Raleigh from The Richard E. Jacobs Group, LLC and CBL & Associates Properties Inc. (NYSE:CBL) for approximately 180 million on February 3, 2015. The transaction is subject to the assumption of the $175.1 million loan that is secured by Triangle Town Center and Place and other customary closing conditions. The transaction is expected to close in the third ...
The Richard E. Jacobs Group, LLC
|DDR Corp||$15.55 USD||+0.085|
|Retail Properties of America Inc||$14.11 USD||+0.18|
|Tanger Factory Outlet Centers Inc||$31.98 USD||+0.28|
|Taubman Centers Inc||$70.37 USD||+0.87|
|Weingarten Realty Investors||$32.85 USD||+0.165|
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|No financial data is available for CBL.|