Blackstone Group LP is eyeing an initial public offering of its Brixmor Property Group shopping-center unit, according to sources. An IPO would take place before the end of the year. A CFO has joined Brixmor.
Grocery-anchored shopping centers are outperforming the general retail-property market, analysts say. Deals are more competitive, buyers are more able to secure financing, and pricing, though it has dropped somewhat, remains relatively stable.
Mall of the Emirates was the favorite retail center in the United Arab Emirates, a poll found. The center, which has 466 international brands and a ski slope, was followed by Deira City Centre and Dubai Festival City.