Macerich Co.'s SanTan Village opened last week rounding out a busy few weeks for regional mall REITs as Taubman Centers opened the Mall at Partridge Creek and General Growth Properties opened the Shops at Fallen Timbers. ...
A second group of landlords who lease space to Movie Gallery Inc. have objected to the company's plan for conducting going-out-of-business sales, saying the plan doesn't adequately protect their interests. On Wednesday, about a dozen landlords...
Department-store operator Macy's Inc. on Friday said it agreed to be the exclusive department-store retailer for Tommy Hilfiger U.S.A. men's and women's sportswear in the U.S., beginning in fall 2008. Financial terms were not disclosed. Under the...
Housing stocks have fallen again — and this time the department store stocks have marched down with them. Since April, when investors voiced optimism that the housing slide had been contained, shares of the country's biggest department store...
Brothers Melvin and Herbert Simon stepped down Thursday as co-chairs of Simon Property Group, ending their more than four-decade-long active tenure at the Indianapolis mall development company they founded. Although the two are into their golden...
At this juncture, economists say the troubles in the mortgage market could, all told, cost financial firms and investors up to $400 billion. That is far more than the roughly $240 billion cost, adjusted for inflation, of the savings and loan...
I don't know why anyone would want to teach a six- year old about commercial mortgage backed securities (CMBS), but this is how I would do it. This is INCREDIBLY simplified. For this example, our six year old will be named Lucy. First, let's go...
