Lehman Selling All its Commercial Real Estate?
Aug 18, 2008
Last week, stories circulated that Lehman was looking to sell $14 billion out of its portfolio of real estate and commercial mortgages. However, new reports say that now Lehman is looking to sell it all. (Incidentally, last year Lehman estimated...
The Couple Who Lived in a Mall
Aug 18, 2008
I posted about the secret apartment at Providence Place before. The couple behind that was the subject of an extensive article at Salon. ...
To Compete, Malls Get More Than a Facelift
Aug 18, 2008
Hoping to win back the sex appeal, the Cherry Hill, Plymouth Meeting and former Echelon Malls are undergoing a real estate version of plastic and bariatric surgery. The bill: $365 million - most of it borrowed cash at a time when borrowed cash is...
Mrs. Fields Files for Bankruptcy
Aug 18, 2008
Mrs. Fields Famous Brands--which runs Mrs. Fields and TCBY--has filed for Chapter 11. The company, however, does have a plan in place to pay off its creditors and reemerge from bankruptcy. So this isn't look like some of the other situations we've...
Wilsons Going Out of Business
Aug 15, 2008
In early July, Wilsons the Leather Experts sold the Wilsons name, 116 outlet stores and its online retail assets to G-III Apparel Group Ltd. of New York for $22.3 million in cash. Just over a month later, the firm is officially throwing in the...
Steve & Barry's Landlords Fight Sale
Aug 14, 2008
Steve & Barry's LLC's landlords objected to the sale of the bankrupt clothing retailer, saying the proposed buyer hasn't proved it will pay rent and asking that stores stay open before holiday sales. Landlords holding leases for 14 shopping...
Mervyns Announces 26 Closings
Aug 14, 2008
Clothing chain Mervyn's has announced it will close 26 stores as part of a cost cutting move following their Chapter 11 bankruptcy filing. 11 of those stores are in California, six are in Texas, four in Nevada, four in Arizona, and one in Idaho...
Lehman to Sell $14B in Commercial Real Estate
Aug 14, 2008
Lehman Brothers is shopping a major portfolio of commercial real estate in a bid to raise cash. The Bloomberg report doesn't say what type of commercial property Lehman is looking to move. However, it does say that overall Lehman is looking to...
Wal-Mart Profits Up 17%
Aug 14, 2008
So many retailers have been hurting recently. But Wal-Mart had a great quarter and raised its full-year forecast. However, the company also raised a red flag about the state of the global economy and the pressure it is putting on consumers...
Tesco, Vornado To Enter India in Separate Deals
Aug 13, 2008
There have been two big announcements in the past 24 hours regarding the entry of major players in retail and retail real estate entering India. ...
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