South African developer Prosperito expects to open Rosehill Mall, in Port Alfred, South Africa, in three months. The development will include Woolworths, several major clothing retailers, and a movie theater and gym.
Arden B is just one of many sister brands to teen-focused clothing retailers that are struggling in the current economic climate. Secondary brands designed to cushion the blow from slower back-to-school sales have not been performing up to expectations.
LaSalle Investment Management has raised $3 billion for LaSalle Asia Opportunity Fund III. The company's latest real estate fund will focus on investing in Japan, Korea, Hong Kong, Singapore and China.