Sears Holdings And Simon Property Group, Inc. Form A 50/50 Joint Venture To Unlock Real Estate Value At 10 Sears Holdings Properties At Simon Malls

Apr 13, 2015 HOFFMAN ESTATES, Ill. and INDIANAPOLIS, April 13, 2015 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ: SHLD) ("Sears Holdings") and Simon Property Group, Inc. (NYSE: SPG) ("Simon") announced that they have created a joint venture (the "JV") as part of Sears Holdings' continued efforts to unlock the value of its extensive portfolio of real estate holdings. Sears Holdings has contributed 10 properties located at Simon malls to the JV, including property leased to outside parties. Read more [...]

Sears Holdings Announces Filing Of S-11 Registration Statement By Seritage Growth Properties

Apr 1, 2015 HOFFMAN ESTATES, Ill., April 1, 2015 /PRNewswire/ -- Sears Holdings Corporation (the "Company") (NASDAQ: SHLD) today announced that, in connection with its previously announced exploration of the formation of a real estate investment trust ("REIT"), Seritage Growth Properties ("Seritage"), a Maryland trust formed by the Company, has filed a registration statement on Form S-11 (the "Registration Statement") with the Securities and Exchange Commission (the "SEC").  The Registration Read more [...]

Sears Holdings And General Growth Properties Announce 50/50 Joint Venture And Sale-Leaseback Involving 12 Sears Holdings Properties Located At GGP Malls

Apr 1, 2015 HOFFMAN ESTATES, Ill. and CHICAGO, April 1, 2015 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ: SHLD) ("Sears Holdings") and General Growth Properties, Inc. (NYSE: GGP) ("GGP") today announced that they have entered into a real estate joint venture (the "JV") under which Sears Holdings has contributed to the JV 12 Sears Holdings properties located at GGP malls, involving both existing Sears Holdings stores and certain property leased to third parties occupying former Sears Read more [...]

Bank of America Donates More Than 240 Properties in Florida to Nonprofit Organizations Supporting Military Veterans and Their Families

Dateline City: TALLAHASSEE, Fla. Three Home Donations to Mark Independence Day Holiday Week Bank of America has donated more than 800 homes in Florida to nonprofit partners that support affordable housing and community stabilization; 240 of those homes were donated to nonprofits that support military service members, veterans and their families. Read more [...]