Rope lines, numbered tickets and walkie-talkies for store employees could help control frenzied bargain-hunters, police said in a report issued after a Wal-Mart worker was killed in a Black Friday stampede. Nassau County police released...
Like last year, Grubb & Ellis has a slick interface in place for its 2009 Forecast Report. You can generate custom reports by property type and by region. Or you can just download the whole thing.
U.S. mall owner General Growth Properties Inc has switched bankruptcy counsel to Weil, Gotshal & Manges, parting with Sidley Austin LLP, a representative of General Growth told Reuters late Sunday. General Growth is also hiring another law...
The San Francisco Chronicle has a story doing a good job summing up the situation for the retail real estate sector. There's nothing particularly new in the story. The nice touch is a chart at the bottom aggregating the most pessimistic...
Grubb & Ellis president David Arena took the case for the commercial real estate bailout to the airwaves and appeared on Fox Business to discuss the particulars. The industry doesn't seem to want to use the word bailout. That makes sense. It's...
General Growth Properties Inc., a publicly traded real estate investment trust that owns more than 200 shopping malls in the U.S., signed forbearance agreements temporarily protecting the company against defaults. The senior credit lenders agreed...
This from the Boston Herald--analyst Burt Flickinger says that up to 3,000 retail properties could close in March and April. That sounds like a massive, massive number. We haven't heard anyone else make that kind of projection. We haven't heard...
"The leverage is what's going to kill them," said Bret Wilkerson, chief executive of Property & Portfolio Research. That means that some malls will be grappling with less income while facing oppressive debt costs. "You've got pressure from...
Retailers will close 12,000 stores in 2009, according to Howard Davidowitz, chairman of retail consulting and investment- banking firm Davidowitz & Associates Inc. in New York. AnnTaylor Stores Corp., Talbots Inc. and Sears Holdings Corp. are...