Is another WorldCom or Enron hidden among the ranks of REITs? Corporate accounting scandals have made some investors wary of big public companies, but REITs are taking steps to improve transparency and ease shareholder concerns by imposing...
Grand Slam tennis champ Michael Chang won't rest on his laurels after retiring from the game this year. Along with brother/coach Carl, he is acquiring Denver-based Dunton Realty Co., a 100-year-old retail brokerage and property management firm...
Thousands of square feet of vacant, Class-A mall anchor space are up for grabs now that May Co. has announced plans to close 32 of its Lord & Taylor stores...
CBL & Associates is following its manifest destiny with plans to develop its first West Coast mall. The Chattanooga-based REIT is joint venturing with MGHerring Group to build a 768,000-square-foot regional mall in California's Imperial Valley...
Retail business showed signs of improvement in July, and the six-month-ahead sales outlook is optimistic, according to the National Retail Federation (NRF) in Washington, D.C. The trade organization's retail sector performance index (RSPI), shows...
Chicago-based General Growth Properties reported a 6.5 percent increase in second-quarter, same-store NOI on top of an industry-leading 6.4 percent increase for the first quarter. The REIT's occupancy also rose 130 basis points year-over-year to...
CB Richard Ellis announced today the completion of its acquisition of Insignia Financial Group, marking one of the biggest mergers in commercial real estate in recent history. It is no secret that CB Richard Ellis' presence in the New York has...
In the next few weeks, U.S. grocery chains will begin renegotiating key labor union contracts. Albertson's, Kroger and Safeway are expected to get tough with the UFCW, attempting to drive down costs to compete with Wal-Mart, which has a strict...