Here are some news and notes on retail and retail real estate from around the Web today.
- According to MIT's Transactions-Based Index, results for the first quarter of 2009 show a 5.8 percent decline in prices compared to the previous quarter.
- The ICSC/Goldman Sachs Chain Store Sales index rose 0.3 percent for the week and is up 0.5 percent year over year, its best result in a while
- A story in the New York Times looks at how some vacant stores are becoming advertising space, (something we wrote about last May).
- Zero Hedge pointed out that the FDIC sold $470 million in commercial loans for 46.4 cent on the dollar.
- David Stejkowski wrote more about GGP's independent directors and their affect on the bankruptcy filing.
- The Associated Press did a general round up summarizing concerns about commercial real estate.
- Reuters reported that the troubled commercial mortgage market has caused big bondholders to collaborate to fend off changes in tax law sought by servicing companies to lessen the impact of the credit crunch on the property values.
- We recapped the first quarter results for shopping center REITs.