One measure of how dicey things are for beleaguered Mills Corp. is the inconclusive response to its invitation for takeover bids. Facing a deteriorating financial situation and investigation by the Securities & Exchange Commission, the...
In the past week, both Federal Realty Investment Trust and Developers Diversified Realty made new deals with joint-venture partners. The transactions are part of a trend among retail REITs to sell stabilized properties into partnerships with...
In a partnership that brings together two families with long histories in Michigan real estate, Gershenson Realty & Investment has teamed with the Kiriluk family’s Kirco Management Services to develop mixed-use projects in the Midwest and...
The big buzz during the NAREIT conference this week has been the proposed $8.9 billion buyout of Trizec Corp. by The Blackstone Group and Brookfield Property Corp. According to speakers at a NAREIT panel on Tuesday, the REIT sector can expect more...