Mills Wild Ride Continues
Aug 16, 2006
Mills’ shares are down 78 percent from last September, when Mills first revealed accounting troubles and an SEC investigation....
Equity One Looks to Make Splash with Leadership Change
Aug 9, 2006
Equity One Inc. has grown to become a safe, reliable REIT in its eight years as a public company through a straightforward strategy of looking for portfolio deals in its core markets, especially in and around Florida. But faced with an increase in property prices, the company is switching gears. ...
Vornado's Prize
Aug 1, 2006, Patricia Kirk
Vornado Realty Trust has snapped up a prized historic property in Boston's Downtown Crossing district: Filene's department store. ...
Merger Mania
Aug 1, 2006, David Bodamer & Elaine Misonzhnik
REIT buyouts trigger retail real estate pricing concerns....
Are Retail Real Estate Prices About to Fall?
Jul 12, 2006
The biggest question emerging from this week’s one-two punch of Centro Properties Group’s proposed buy of Heritage Property Investment Trust and Kimco Realty Corp.’s proposed acquisition of Pan Pacific Retail Properties Inc., for a combined $7.2 billion, is whether the deals signal a cooling in prices for retail real estate. ...
Merger Monday: Heritage, Pan Pacific bought for combined $7.2B; Deals raise pricing questions
Jul 10, 2006
Ending a lull in the retail REIT merger and acquisition market, Kimco Realty Corp. and Centro Properties Group today each announced big deals, with Kimco grabbing West Coast shopping center REIT Pan Pacific Retail Properties Inc. for $4 billion and Centro landing East Coast shopping center REIT Heritage Property Investment Trust for $3.2 billion. What has raised observers’ eyebrows on both deals is that neither Kimco or Centro seems to be paying a premium, which could be a sign that the market for retail real estate is slowing. ...
Buying Spree
Jul 1, 2006, David Bodamer
The big buzz during the NAREIT conference was the proposed $8.9-billion buyout of Trizec Corp. by The Blackstone Group and Brookfield Property Corp. ...
Mills' Ills
Jul 1, 2006
With a declining financial situation industry insiders wonder whether Mills will be able to sell itself...
Partnering Up
Jul 1, 2006
In May, both Federal Realty Investment Trust and Developers Diversified Realty made new deals with joint-venture partners. ...
Popularity Contest
Jul 1, 2006, Elaine Misonzhnik
More retail developers join the race to add new uses to retail projects...
