This blog has been so littered with troubling news lately that I'm finding it necessary to really try and celebrate any positive announcement. Today we have news from Target about a mass opening it will undertake on Sunday when 27 new stores debut...
This isn't good news for retail property owners. Tenants at Los Angeles' Grand Central Market withheld February rent from the property's landlord in a united bid to get rental reductions and lowered fees. The situation has now been resolved. The...
Here's a trifecta of stories that illustrates some of the major trends dominating retail real estate right now--leasing concessions, cost cutting and delays in new development. ...
The downturn in the luxury segment has been incredibly nasty. So much for the idea that luxury stores were going to hold up better than middle-market retailers. Instead, luxury retailers have been posting negative double-digit same-store sales...
Target Corp. is adjusting its approach in a way that may make the retailer more like successful rival Wal-Mart Stores Inc. Target plans to place greater emphasis on food, health-care products, personal items and other necessities, while offering...
Zale joins the growing list of retailers undergoing cut backs. The chain says it will shut 115 stores "when the leases mature." At least that's better than the firm trying to get out of long-term leases. They intend to meet existing obligations...
Embattled regional mall REIT General Growth Properties reported its fourth quarter and year-end earnings late last night (the release hit the wires at about 11:00 PM). The company had delayed the report two weeks and got it in just under the wire...
Developers Diversified, which some observers are concerned may face issues with refinancing, has raised some capital by selling 30 million shares to German developer ECE Projektmanagement for about $112.5 million The firm has $1.7 billion in debt...