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for $ 332 million. In March of the next year, the company agreed to exit its
Brazilian joint venture by selling its stake to the firm's largest shareholder for $ 343.6 million. In October 2014 DDR Corp. entered into a second joint venture with Blackstone Group, acquiring seventy shopping centers
283:. As of December 31, 2019 the company owned interests in 170 shopping centers in the United States containing 57.0 million square feet and managed 13.2 million square feet for Retail Value Inc. Notable properties wholly owned by the company include
401:
for $ 300 million. In 2002 the company acquired JDN Realty
Corporation for $ 436 million in stock. In February 2011 the company's executive chairman, Scott Wolstein, resigned, and the company was renamed to DDR Corp. that September.
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In
February 2015, David Oakes was appointed as president and chief executive officer of the company, though was fired and replaced by Thomas August in July 2016. In January 2016, the company sold
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to
Cypress Equities. In October of the same year, the company sold a 16-property portfolio for $ 390 million in a transaction brokered by
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673:"DDR Accelerates Asset Sales and Reaches an Agreement to Sell its Investment in Brazil for $ 344 million"
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of Retail Value, Inc. Three months later, the company announced a name change to SITE Centers Corp.
811:"HFF Closes $ 390 Million Sale of 16-Property Retail Portfolio Located Throughout New York State"
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as
Developers Diversified Realty, Inc. After two years, the company built its first property, a
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731:"DDR Corp., Blackstone close on $ 1.9 billion shopping-center deal through joint venture"
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Please expand the section to include this information. Further details may exist on the
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594:"Scott Wolstein stepping down as executive chairman of Developers Diversified"
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692:"U.S. shopping center operator DDR to exit Brazil in $ 343.6 million deal"
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770:"DDR Corp. terminates CEO David Oakes, replaces him with Thomas August"
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829:"Retail Value Inc. Announces Completion of Spin-Off From DDR Corp"
378:
On
February 12, 1993 Developers Diversified Realty, Inc. became a
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632:"DDR Corp., Glimcher Realty Trust complete shopping center swap"
501:"Maverick developer and philanthropist Bart Wolstein dies at 77"
397:
In 1998, the company acquired a portfolio of nine properties in
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386:. Two years later the company acquired ten power centers from
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235:
150:
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791:"Cypress Equities acquires Paseo Colorado center in Pasadena"
480:"Developer Scott Wolstein crafts his own 'art of the deal'"
412:
In August 2013 DDR Corp. entered into a joint venture with
545:"DEVELOPERS DIVERSIFIED TO BUY SALT LAKE CITY PROPERTIES"
653:"Regency sells 7 shopping centers to Blackstone-DDR JV"
421:
totaling 15.7 million square feet for $ 1.93 billion.
751:"DDR Appoints David J. Oakes Chief Executive Officer"
712:"DDR Completes $ 4.3 Billion of Transactions in 2014"
569:"DEVELOPMENT COMPANY BUYS RIVAL JDN REALTY FOR STOCK"
614:"DDR Announces New Name, Tagline and Brand Identity"
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938:Real estate investment trusts of the United States
416:and acquired seven open-air shopping centers from
405:In December the company sold Town Center Plaza to
461:"SITE Centers Corp. 2021 Form 10-K Annual Report"
933:Companies listed on the New York Stock Exchange
291:. Its major tenants include retailers such as
8:
40:SITE Centers headquarters in Beachwood, Ohio
19:
847:"DDR Announces Name Change to SITE Centers"
18:
435:In July 2018, the company completed the
108:(as Developers Diversified Realty, Inc.)
465:U.S. Securities and Exchange Commission
447:
923:American companies established in 1965
592:Jarboe, Michelle (February 15, 2011).
521:"NEW OWNER PLANS SALE OF SOME HOMARTS"
409:in exchange for Polaris Towne Center.
768:Jarboe, Michelle (October 20, 2014).
729:Jarboe, Michelle (October 20, 2014).
455:
453:
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390:during that company's acquisition by
7:
363:SITE Centers was founded in 1965 by
265:Developers Diversified Realty, Inc.
279:, the company is headquartered in
14:
789:Smith, Kevin (January 28, 2016).
651:Jonas, Ilaina (August 13, 2013).
478:DERY, JANET (November 18, 2004).
943:Shopping center management firms
875:Business data for SITE Centers:
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690:Goel, Garima (March 10, 2014).
248:Footnotes / references
1:
913:1993 initial public offerings
499:FINE, ARLENE (May 20, 2004).
928:Companies based in Cleveland
269:real estate investment trust
88:Real estate investment trust
16:American real estate company
418:Regency Centers Corporation
99:; 59 years ago
959:
796:San Gabriel Valley Tribune
388:Homart Development Company
289:Framingham, Massachusetts
246:
33:
24:
384:initial public offering
267:) is a publicly traded
182:$ 125.41 million (2021)
165:$ 532.86 million (2021)
775:Cleveland Plain Dealer
736:Cleveland Plain Dealer
599:Cleveland Plain Dealer
338:is missing information
216:$ 2.036 billion (2021)
199:$ 3.967 billion (2021)
620:. September 12, 2011.
506:Cleveland Jewish News
485:Cleveland Jewish News
407:Glimcher Realty Trust
301:Dick's Sporting Goods
275:. Founded in 1965 by
757:. February 11, 2015.
637:Crain Communications
817:. October 11, 2016.
640:. December 8, 2011.
533:. October 19, 1995.
222:Number of employees
21:
853:. October 9, 2018.
718:. January 6, 2015.
581:. October 8, 2002.
574:The New York Times
550:The New York Times
526:The New York Times
437:corporate spin-off
257:SITE Centers Corp.
72:Russell 1000 Index
20:SITE Centers Corp.
849:(Press release).
831:(Press release).
813:(Press release).
753:(Press release).
714:(Press release).
679:. March 10, 2014.
675:(Press release).
616:(Press release).
382:after making its
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293:TJX Companies
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238:.sitecenters
206:Total equity
189:Total assets
123:Headquarters
46:Company type
890:SEC filings
815:PR Newswire
755:PR Newswire
716:PR Newswire
677:PR Newswire
618:PR Newswire
309:Ross Stores
305:Ulta Beauty
77:S&P 600
907:Categories
443:References
259:(formerly
226:293 (2021)
172:Net income
136:Key people
880:Bloomberg
371:store in
344:talk page
313:Nordstrom
261:DDR Corp.
142:President
79:component
74:component
58:Traded as
352:May 2019
297:PetsMart
84:Industry
697:Reuters
658:Reuters
392:GGP Inc
319:History
231:Website
157:Revenue
113:Founder
102: (
94:Founded
66::
895:Yahoo!
885:Google
311:, and
144:&
369:KMart
263:and
240:.com
104:1965
97:1965
68:SITC
64:NYSE
432:.
430:HFF
394:.
375:.
287:in
236:www
151:CFO
146:CEO
909::
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450:^
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350:(
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106:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
