Two Rivers Venture has acquired the 25,000-square-foot retail portion of the Two Rivers Plaza center in Bolingbrook, Ill., from 3900 Pine Grove Inc. for $8.2 million. The center is shadow-anchored by Jewel/Osco and Target.
Blockbuster chose Reno, Nev., as the test market for a store concept that combines video rentals with sales of video game accessories, high-definition TVs and other home-entertainment products. Blockbuster CEO Jim Keyes said the company is "selling convenience" with the new design.
ING Real Estate is expected to open its $200 million expansion to the Lakeside Joondalup shopping center in Australia on Dec. 4. The expansion has doubled the size of the mall and will include 120 new shops.
Retailers will release their November sales figures Thursday, numbers that will include last week's busy Black Friday. Some analysts predict steep declines, with sales in some categories falling as much as one-fourth from last year.