This is a bold move. Recent data shows that home prices declines have been increasing in recent months. But Barron's is making the case that the housing market has hit bottom. ...
Real estate investment trust General Growth Properties Inc. said Friday it closed the first stage of a new loan, amounting to $875 million. The company said loan proceeds were used to repay all remaining loans maturing in the third quarter...
Macy's sent a letter to its shareholders to assure them that the firm is "financially healthy."
Meanwhile, Steve & Barry's could be headed for total liquidation.
Retail consultant Anthony Stokan said any increased involvement by NRDC in Hudson's Bay could be good for the historic retailer if the investment firm's track record with the U.S. department store chain Lord & Taylor is any indication. "Lord...
ICSC's figures showed a 4.3 percent jump in same-store sales in June (membership req'd to view report). The New York Times analyzed the results. Unfortunately, the news was received with some pessimism by investors. ...
I've been away from the blog for a few days. The summer is usually a slow news time. That's not the case right now. I'm wondering especially if the Fannie/Freddie saga has implications for the commercial real estate world. In any case, it seems...