New Hyde Park, N.Y. – Locally based Kimco Realty Corp. recently acquired five shopping centers totaling $98.2 million for the Kimco Income REIT (KIR). KIR is Kimco's strategic joint venture with institutional partners geared toward investing in...
Raleigh, N.C. – Locally based Konover Property Trust Inc. (KPT) entered into a definitive agreement to sell a portfolio of outlet shopping centers to Roseland, N.J.-based Chelsea Property Group Inc. for $180 million. Closing is expected to take...
Indianapolis – Locally based Duke-Weeks Realty Corp. recently announced the resignation of Ray Weeks as vice chairman of the company’s board of directors. There are no current plans to fill the vacancy, which leaves a 13-member board – nine of...
Arlington, Va. – Locally based The Mills Corp. and the New York-based William Morris Agency recently formed a joint venture to provide strategic business consulting and corporate advisory services in venue-based branding and marketing...
Indianapolis – Locally based Simon Property Group Inc. recently elected Melvyn Bergstein to the company’s board of directors. Bergstein is chairman and CEO of DiamondCluster International and a widely known leader in the business strategy...
Washington, D.C. – An analysis of historical data by Chicago-based Ibbotson Associates demonstrates that Real Estate Investment Trusts (REITs) represent a strong source of diversification for a wide range of investment portfolios by increasing...
A bill recently introduced in Congress will — if passed — offer commercial real estate an excellent opportunity for profit enhancement. By abbreviating the depreciable life of tenant improvements from 39 years to 10 years, H.R. 1030 “would enable...
Cleveland – Locally based Developers Diversified Realty (DDR) was awarded the exclusive management and leasing contract for Tilghman Square Shopping Center in Allentown, Pa. by New York-based DRA Advisors. DDR will receive management, leasing, out...
A decade has passed since the last great real estate recession. But today, as the national economy drifts deeper and deeper into a severe slowdown, the real estate sector remains surprisingly buoyant. While not exactly at full strength, real...
