TJX Sells Bob's Stores to Private Equity
Aug 21, 2008
We haven't seen one of these in a while. Private equity firms Versa Capital Management and Crystal Capital purchased Bob's Stores from TJX for an undisclosed sum. ...
Goodyear Closing 92 Stores
Aug 21, 2008
Someone told me recently auto parts stores are counter-cyclical and tend to do well in recessions. That's because people aren't buying new cars. Instead, they focus on keeping their existing cars in good shape. Apparently, however, that's not the...
Centro Posts $299M Loss
Aug 21, 2008
Bleak news on the Centro front. The company has posted a huge quarterly loss. Centro says its U.S. properties have lost 8.8 percent of its value. It also said it may not be able to continue as a "going concern" given all the problems it is facing...
Boston Mayor Wants Assurances From Developers
Aug 21, 2008
Could this be a new trend in the works? Boston Mayor Thomas Menino wants to require developers of large projects to prove they have financing in place before they're allowed to move ahead with projects. Apparently this is being triggered by two...
Interview with Equity One's Jeff Olson
Aug 19, 2008
The Miami Herald has an interesting Q&A with Equity One's Jeff Olson about the state of retail real estate. ...
Duke Realty Gets Out of Retail Real Estate
Aug 19, 2008
Duke Realty, a diversified real estate company that owns industrial, office, health care and retail, announced it's getting out...
Not a Nice Day in Mall News
Aug 19, 2008
I have a Google alert set up to send me news stories that include the word "mall" or "malls." Today's was off the charts when...
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