Taubman Centers’ 690,000-sq.-ft. Stony Point Fashion Park in Richmond, Va., may have landed the distinctive upscale tenant roster it needs to compete with rival Short Pump Town Center. Short Pump is a 1.2 million-sq...
Black Friday is looming and retailers are kicking promotions into high gear, stuffing consumers’ mailboxes with slick flyers, brochures and coupons to lure them into stores. The Friday after Thanksgiving, typically...
Hoping to grow its management and advisory business, Kimco Realty Corp. acquired Raleigh, N.C.-based Konover Property Trust late last week. On Friday, Konover shareholders approved the $285 million deal, which turned...
Retailers are shelling out higher rents and renewing leases for 2003 despite dawdling sales, according to comments made by top mall REIT brass during the recent spate of third quarter 2002 conference calls...
Last week, landlords and retailers moaned as the U.S. House of Representatives voted against H.R. 333, a bankruptcy reform bill that would make it harder to file Chapter 11. But the motivations of the two groups were...
Taubman Centers yesterday dismissed an unsolicited $1.48 billion cash bid by rival Simon Property Group — and said any sale would not be in the interest of its shareholders. But Wall Street analysts believe the REIT...
Chicago-based Jones Lang LaSalle has appointed Earl Webb, currently CEO of the Americas, to the position of CEO of the firm’s capital markets group in the Americas. In addition, Peter Roberts, currently COO, will...
Taubman Centers Inc. set a new record for FFO per share growth in the third quarter and year-to-date periods ended September 30, 2002, news which bodes well for retail REITs...
St. Louis-based The May Department Stores Co. reported preliminary net retail sales of $925.5 million for the four-week period ended Nov. 2, 2002, a 3.8% decrease from $961.7 million in the similar period last year...
Attention Kmart shoppers: There's another list of possible store closures floating around, and this time, the numbers are getting serious. Up to a third of Troy, Mich.-based Kmart's 1,800 stores -- 565 stores to be...
