Moody's Latest Indices Show More Declines
Mar 20, 2009
Moody's has published the latest update on its commercial real estate indices. Not surprisingly, the data shows continued declines just about across the board. ...
GGP Shakes Up Ranks, Gets Downgraded, Faces Deadline
Mar 20, 2009
Here is a trio of General Growth headlines as its next debt deadline rapidly approaches. ...
David Simon: "Don't Write Off Malls"
Mar 19, 2009
The last time we heard from David Simon he was saying the “The new development business is dead for a decade.” Recently, he was interviewed as part of the Wharton Leadership Lecture series and had a much more upbeat message. ...
Shopping Center Revenue Idea: User Fees?
Mar 19, 2009
Here's a fascinating idea--it looks like CBL & Associates Properties and Benchmark Group are charging shoppers a 1.06 percent "public user fee" on purchases at the Hammock Landing project in West Melbourne, Fla., that the two firms recently...
Survey Projects More Downside for Commercial Real Estate
Mar 18, 2009
The U.S. commercial real estate market is bad and investors expect it to get a whole lot worse, according to a closely followed survey by PricewaterhouseCoopers. "As investors painfully watch the value of their assets decline, many feel troubled...
Walgreens Plans to Buy N.J.'s Drug Fair, Close 11 Stores
Mar 18, 2009
Walgreen Co. plans to acquire the Somerset-based Drug Fair company, closing at least 11 of the stores and putting the Walgreen's name on others, according to a memo distributed to Drug Fair employees this morning. Speculation about a possible...
Which Stores Might Close Next?
Mar 18, 2009
Forbes ...
GGP's Lenders Waive Default; REIT Asks for Further Forbearance
Mar 17, 2009
General Growth seems to have struck a major breakthrough with lenders. Lenders have waived default on a $2.58 billion credit agreement until the end of the year, giving the REIT some much needed breathing room as it seeks to avoid filing for...
Ackman Makes Bid to Get on Target Board
Mar 17, 2009
William Ackman sure has been busy in the retail real estate world of late. His named has popped up in the ongoing General Growth saga and he's tried to influence Target's real estate strategy. In his latest move, Ackman is attempting to get...
Ackman Makes Bid to Get on Target Board
Mar 17, 2009
William Ackman sure has been busy in the retail real estate world of late. His named has popped up in the ongoing General Growth saga and he's tried to influence Target's real estate strategy. In his latest move, Ackman is attempting to get...
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