UK-based retailer Sports Direct plans to sell more of its brands after it has offloaded its Dunlop brand to Sumitomo Rubber Industries last December.
Sports Direct owner Mike Ashley plans to move the company more upmarket through the move, say sources.
Holliday Fenoglio Fowler (HFF) has announced that it has secured refinancing for one of the malls it is developing in a joint venture with Centennial Real Estate Company (Centennial), Montgomery Street Partners (MSP), USAA Real Estate Company (USAA RealCo) and Westfield America.
The $100m refinancing proceeds have been used to pay off the existing CMBS loan on the mall, which is named Fox Valley Mall.
Covering 1.4 million square feet, the mall is located in the Chicago-area suburb of Aurora, Illinois, US, and is the only super regional mall in the city.