China's Ping An Insurance Group entered a $127.1 million joint venture to develop shopping centers that will be anchored by Wal-Marts. Its subsidiary, China Ping An Trust & Investment Co. Ltd., will jointly develop the properties with Pan...
Ever since the old Gimbel’s store on Herald Square was gutted and turned into a vertical mall in 1989, the property has struggled as a retail venue. Now, Vornado Realty Trust, is taking over the 1-million-square-foot building in a $689 million...
As private equity firms have been gobbling up office and residential REITs over the past two years, the conventional wisdom in the shopping center industry has been that retail REITs were too complex for even the most gung-ho buyout investors. And...
The turkey dinners are being planned, Macy’s is getting ready to deploy a giant Pikachu for its 80th Thanksgiving Day parade, and America’s shoppers are plotting their strategies for the grueling ritual of Black Friday. All the pieces are falling...
One Democrat who is not celebrating today is Arizona shopping center developer Jim Pederson. Pederson, former Democratic state chairman, used a chunk of his personal fortune in an unsuccessful effort to unseat Senator Jon Kyl in the most expensive...
Very quietly Teachers Insurance Annuity Association has made a big change in its retail real estate investment strategy. In separate moves, both with far-reaching consequences, TIAA-CREF announced on Nov. 2 that it has sold its stake in Mall of...
Two trends converged Monday with the announcement of the proposed $3 billion acquisition of Trustreet Properties, a net lease REIT that specializes in restaurant properties, by the Franchise Finance division of GE Capital Solutions...
The oldest Baby Boomers are turning 60 this year. But if you want to succeed in retail — and keep them coming to your properties — don't treat these folks like has-beens...