Retailers such as Saks Fifth Avenue entered the spring shopping season with less inventory, but they're still marking down merchandise early. Kohl's, Bloomingdale's, Gap and J. Crew are among the brands also offering promotions.
A division of NATIXIS Real Estate Capital acquired the Summer Commons retail center in Berclair, Tenn., in a foreclosure sale for $3.5 million. The 120,000-square-foot center is anchored by Northern Tool and Equipment Co. and Save-A-Lot.
Sarofim Realty Advisors acquired a 72.5% interest in 6700 W. Camelback Road in Glendale, Ariz., from Pro's Ranch Markets for $15.5 million. The 100,000-square-foot center is anchored by Phoenix Ranch Market.