Venezuela to Expropriate Mall
Dec 29, 2008
It doesn't look like Venezuela would be a very good bet if you're a developer looking to expand internationally. ...
How Did Things Go?
Dec 29, 2008
ICSC doesn't report the final weekly figures until tomorrow and the full December snapshot won't come until January. Early indications are that a last-minute burst of shopping failed to materialize meaning it very likely will be another month of...
Retailers Want a Bailout Too
Dec 24, 2008
First commercial real estate groups ask for a bailout. Now retailers want in on the action and are asking for a sales tax holiday. ...
REIT Wrecks on the Proposed Bailout
Dec 24, 2008
REIT Wrecks has penned an ...
Good News and Bad News
Dec 23, 2008
In an interview with Private Equity Real Estate Pacific Retail Capital Partners managing principal Steve Plenge says retail real estate will have a "terrible year" but also thinks it will be the best buying opportunity in the sector in 30 years. ...
Commercial Loan Defaults May Triple as Rents Decline
Dec 23, 2008
U.S. commercial properties at risk of default could triple if rental income from office, retail and apartment buildings drops by even 5 percent, a likely possibility given the recession, according to research by New York-based real estate analysts...
Santa Switch Has Polarizing Effect
Dec 22, 2008
It's been a while since I posted anything on the lighter side. The Washington Post has an entertaining story about how a change in mall Santas caused some dischord in the D.C. suburbs. ...
Example of Owner Walking Away
Dec 22, 2008
As I posted earlier, commercial real estate groups have begun to directly push for a bailout. Of course, a few months back the same groups got on board backing Henry Paulson's questionable TARP plan. This new appeal makes more sense to me since...
Commercial Real Estate Groups Ask for Bailout
Dec 22, 2008
A recent letter sent to Treasury Secretary Henry Paulson, and signed by a dozen real-estate trade groups, painted a bleak scenario: "Right now, we believe there is insufficient systemic capacity to refinance expiring, performing commercial real...
KB Gets Authorization for Liquidation
Dec 19, 2008
A Delaware bankruptcy judge on Thursday authorized KB Toys to begin going-out-of-business sales. Judge Kevin Carey granted the company's request after attorneys said they had resolved several concerns of landlords and creditors about rent and...
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