As many people had expected, the commercial real estate industry is showing increasing signs of health in the wake of GGP's successful reorganization. The CoStar Group reports that in November, investors raised $13.2 billion in funds for commercial real estate, up from approximately $8 billion raised in October.
Meanwhile, industry stalwart Sam Zell predicts that as property fundamentals improve, real estate values will bounce back. For more on these and other stories about retail and retail real estate, follow the links below:
- Forest City Nears Selling Stake in NYC retail portfolio (Crain's New York)
- Retail Sales Increase 0.8% in November (Calculated Risk)
- Tenants Unsure Who to Pay in Shopping Center Ownership Dispute (Times-Herald)
- Court Approves A&P's $800 Million Financing (CBS New York)
- Walmart Poll: NYC Small Businesses Want Us (Crain's New York)
- JCPenney Sets Up Shop on Facebook (Mashable)
- Aeropostale Girding for Buyout Buzzards (The New York Post)
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