The investment sales market on retail real estate has been frozen for a while. Sales volumes are down in 2009 from 2008. During the first quarter, $1.8 billion in transactions occurred on retail properties, a drop from the year earlier. Overall in...
A group of General Growth Properties Inc bondholders have asked their trustee to sue the mall owner for payment on their past-due bonds. The Wall Street Journal and Reuters have more. ...
The Commerce Department has reported March figures, which came in worse than expected. Sales dropped 1.1 percent from February and are 9.4 percent below last March. Economists had expected sales to rise 0.3 percent. On a positive note, the...
Two more retailers filed for bankruptcy. Ultra Stores--with 181 locations--and Z Gallerie. ...
This story is about 10 days old, but I just stumbled upon it. The statistic in here that caught my eye is the claim that 400 malls have shut in the past two years. Is this true? I have not heard this figure reported anywhere else and the article...
We reported on the development last week of Equity One pursuing a merger with Ramco-Gershenson. That saga is continuing. Equity One is nominating two people to be on Ramco's board. ...
This is a big deal because Hypo Real Estate is a major commercial real estate lender. It had somewhat of a U.S. presence. ...