The Macerich Partnership L.P. has acquired The Oaks, a 1.1 million sq. ft. super-regional mall in Thousand Oaks, Calif., for $152.5 million. The acquisition of the property gives the Santa Monica, Calif.-based firm...
Chicago-based Arthur Andersen LLP has finalized an agreement with building owner Boston Properties Inc. to terminate its lease of 650,000 sq. ft. in Times Square Tower. Enron-related problems are blamed for the...
Beleaguered REIT Konover Property Trust has finally sold after years of speculation. New Hyde Park, NY.-based Kimco Realty and New York-based Prometheus Southeast Retail (an affiliate of Paris-based Lazard) have...
Retail REITs and mall REITs in particular need to improve the flow of information to their investors, according to Wall Street analysts. In a recent report titled "REIT Disclosure — Give the Owners What They Want,"...
Standard & Poors announced it is making Indianapolis-based Simon Property Group the fourth real estate investment trust and the first retail-focused REIT to be included in the S&P 500 index. Though a specific...
Yesterday, the U.S. Senate passed the Terrorism Risk Insurance Act of 2002(S.2600) on a vote of 84-14. NAREIT vice president of government relations Martin DePoy said Senators Tom Daschle and Trent Lott were...
Bethesda, Md.-based Host Marriott Corp. has purchased the 1,139-room Boston Marriott Copley Place for $214 million. The price includes the assumption of $97 million in debt...
Cushman & Wakefield has won the Real Estate Board of New York’s "Retail Deal of the Year Award Which Most Significantly Benefits the Manhattan Retail Market" for its representation of Chicago-based Crate &...
