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Cleveland Retail Market Shows Signs Of Recovery From Last Recession
The Cleveland retail market has stabilized, if not fully recovered from the economic downturn.
Starwood Buys Two Northeast Ohio Malls as Part of $1.6B Deal
Starwood Capital Group, a Greenwich, Conn.-based investment firm, has completed last week the acquisition of seven dominant regional malls in four states, on the West Coast and in the Midwest. The deal was announced in September. Two Northeast Ohio shopping centers are also included in the portfolio.
Phillips Edison-ARC Shopping Center REIT Buys 40th Grocery-Anchored Shopping Center
Phillips Edison–ARC Shopping Center REIT Inc. acquired another shopping center on April 23. The Cincinnati-based public non-traded REIT paid $7.3 million for the Hartville Center in the Greater Akron Metropolitan Area
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