Nordstrom Comes to New York
May 11, 2010
Nordstrom is making its New York debut today. The firm opened a Nordstrom Rack location at Union Square. ...
GGP Wins Court Approval of Brookfield Bid; Simon Withdraws
May 07, 2010
Updated at 4:13 ...
Simon Makes Final Offer; GGP Still Favors Brookfield Bid
May 07, 2010
Simon Property Group made what it called its best and final offer last night--a $20 per share bid for General Growth Properties. But it appears it's not enough as GGP is reportedly still leaning towards recommending that the bankruptcy court...
What Will it Take for the Gap to Turn Around its Namesake Brand?
May 06, 2010
In the past few years, even before the recession began, the Gap, one of the staple tenants at U.S. regional malls, has been experiencing waning popularity. Part of the problem might have been oversaturation, but another big factor seemed to be...
Retail Sales Get Reality Check in April
May 06, 2010
As expected, same-store sales crashed back to earth in April following March's out of this world results. ...
Westfield Plans $10B Redevelopment Campaign; GGP Bankruptcy Hearing Postponed Again (Tuesday's News & Notes)
May 04, 2010
The retail real estate marketplace continues to provide more good news this week. The General Growth Properties bankruptcy court hearing had to be postponed again as the REIT needs more time to examine revised bids from both Brookfield and Simon...
Simon Raises Bid for GGP
May 04, 2010
Simon Property Group is not giving up without a fight. Shortly after General Growth announced that it still preferred Brookfield's offer, Simon came back with a revised buyout offer for the firm worth $18.25 per share. ...
GGP Still Chooses Brookfield
May 03, 2010
General Growth Properties has reaffirmed its preference for a reorganization deal with Brookfield Asset Management over the plan proposed by rival Simon Property Group. Several newspapers, including The New York Times and The Wall Street Journal...
Brokerage Firms Turn a Corner; Gottschalks Resurrected (Friday's News & Notes)
Apr 30, 2010
This might be a temporary lull, but conditions in the retail real estate industry really do seem to be improving. Some retailers, like department store chain Gottschalks, are rising from the dead, while others, like children's apparel seller...
How to Grow Into World's Biggest Retailer
Apr 29, 2010
Fortune has posted an interactive map that ...
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