GIC, ING Spend $593M in Italy
Feb 05, 2008
This deal caught my eye not just because of its size, but because it involves the Government of Singapore. One thing I've been wondering lately is whether the sovereign funds that have been making huge investments in the financial sector might...
Movie Gallery Closing 400 More Stores
Feb 05, 2008
Video rental company Movie Gallery today announced plans to close 400 more stores as part of its reorganization to exit bankruptcy.' Alabama-based Movie Gallery is the nation's number two video rental chain -- behind Dallas-based Blockbuster. ...
MBA Releases Q4 Commercial Loan Stats
Feb 04, 2008
Loan volume dropped by 16 percent in the fourth quarter of 2007 in comparison with the same period in 2006, according to the MBA. The drop was largely attributable to the slowdown in the CMBS market. ...
Fortunoff, Lord & Taylor Buyout Goes Through
Feb 04, 2008
This deal was teased last week and has gone through. Back when NRDC originally bought Lord & Taylor, everyone thought it was purely a real estate deal--that NRDC would redevelop some sites, particularly Lord & Taylor's massive New York...
Five Killed in Chicago
Feb 04, 2008
The Chicago Tribune has a comprehensive package of stories up about the five women killed at a Chicago mall. ...
Cuts at Ann Taylor
Feb 02, 2008
The program will include closing 117 underperforming stores over the 2008-2010 period; downsizing the company's headquarters staff by approximately 13%; and a “broad-based productivity initiative, including the strategic procurement of non...
Mall REITs Holding Up
Feb 01, 2008
Simon Property Group was the first regional mall REIT to report fourth quarter results. (It's having its conference call at 11:00 and you can listen in via Webcast ...
Lord & Taylor in Talks to Buy Fortunoff
Feb 01, 2008
Lord & Taylor, the venerable New York City retailer, is in talks aimed at acquiring Fortunoff, a Long Island institution that has been struggling in the last few years, a source close to the matter said yesterday. The talks had been ongoing...
Dell Scraps Its Kiosks
Jan 31, 2008
Dell Inc. is closing its 140 'direct store' kiosks in the U.S. as it moves to sell its products through retailers like Best Buy Co. (NYSE:BBY) , the computer maker said Wednesday. The 120-square-foot kiosks, set up at malls and airports around...
More Pain for Furniture Sellers
Jan 30, 2008
Domain Inc.--which operates 27 stores--filed for bankruptcy on Friday. Meanwhile, Crate & Barrel has made a change at the top. ...
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