Shopping center REIT performance continued to erode during the third quarter. Nearly half of the shopping center REITs missed analyst estimates and several lowered their guidance for the remainder of the year...
Despite dire forecasts that New Yorkers will reign in their spending for everything but the basics, Spanish retailer Zara is forging ahead with opening a store on Manhattan's Upper West Side. The 15,000-square-foot storefront, located on Broadway...
Grubb & Ellis' chief economist Bob Bach spoke last month at the company's 2009 forecast preview. Bach, who says there is no question we are now in a recession, predicts we won't see economic growth until the end of next year, with retail...
Sperry Van Ness negotiated the sale of 440 Commons, a 162,533-square-foot shopping center in Jersey City, N.J., from Developers Diversified Realty to a private investor for $24.6 million. The transaction was completed at a 6.76 percent cap rate...
Westfield Group and Commerzbank AG opened the $2.8 billion 1.6-million-square-foot Westfield London — the largest mall in the United Kingdom. It is the first of a pair of malls that Westfield is opening in the city. The second will come on-line in...
Those in the retail real estate industry who hoped a market recovery would come swiftly and painlessly in the early stages of 2009 are going to disappointed. Instead, 2009 is looking very much like it will be a lost year for the sector with...
Many retailers may be cutting back on openings. But Teen Vogue has decided now is the time to experiment with opening stores. The magazine opened a store, called the Teen Vogue Haute Spot, in the Mall at Short Hills in New Jersey. The store...
Feeling they weren't getting enough face-to-face time with clients and contacts, a handful of young retail real estate pros in New York have launched a new nonprofit organization, the Retail Network, with the aim of bringing together local pros up...
As 2008 draws to a close, it seems likely it will take with it one of the REIT industry's oldest stalwarts, General Growth Properties. More than a month after announcing it was seeking financial and strategic alternatives, including the sale of...