Moody's Downgrades $6.2B in CMBS as Part of Review
Feb 10, 2009
Last week Moody's Investors Service announced it was mounting an effort to review its ratings on $300 billion in CMBS bonds. It has now downgraded $6.2 billion in bonds as a result of these ongoing efforts. ...
Wal-Mart Preps Chicago Push
Feb 10, 2009
Citing the need for new investment to boost the sagging local economy, Wal-Mart is preparing to launch a new push for approval of as many as five new stores in Chicago, sources said Thursday. There is just one Wal-Mart in Chicago as organized...
Talbots to Close 20 Stores; Updated 2009 Closure Count
Feb 10, 2009
With the report of a weak fourth quarter and fiscal year, women's apparel cataloger/retailer The Talbots on Feb. 5 said it will lay off about 370 employees and close 20 of its stores. The layoffs, which are expected to save the company about $22...
Taubman's Oyster Bay Project Delayed Again
Feb 09, 2009
Taubman's ongoing battle to try and build a mall on Long Island has hit yet another roadblock. ...
Macerich, GGP Accept Lower Rents
Feb 06, 2009
U.S. mall owners General Growth Properties Inc., Kite Realty Group Trust and Macerich Co., faced with rising vacancy rates in...
Fortunoff and Bruno's File for Chapter 11
Feb 06, 2009
Two more retailers have opted for Chapter 11. The New York Post reports on Fortunoff's decision while our sister publication...
Another Look at Distressed Assets
Feb 06, 2009
Madison Marquette has published a detailed look at the possible fallout of distressed retail real estate assets at 63 markets...
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