Centro Clears Minor Hurdle With First Asset Sale
Jul 16, 2008
As it continues to wrestle with a mountain of debt, Centro Properties Group, a poster-child of the credit crunch, on Tuesday announced the sale of the first piece of its 106.5-million-square-foot U.S. portfolio...
Perfectly Priced?
Jul 1, 2008, By Jennifer Popovec
After a dismal performance in 2007 that ran into this year, REIT stocks are once again on the ascent, posting a three-month rally. As of early June, the...
Centro's Lifeline
Jul 1, 2008, Elaine Misonzhnik
Struggling shopping center operator Centro Properties Group, one of the most high-profile victims of the credit crunch, remains afloat as its creditors...
Another Step for Taubman
Jul 1, 2008, Jennifer Popovec
Taubman Centers Inc. has scored a win against the town of Oyster Bay in its 13-years-and-counting quest to develop a luxury shopping center on the former...
Northern Star
Jul 1, 2008, Elaine Misonzhnik
Worried about the state of the domestic retail market, Kimco Realty Corp., a New Hyde Park, N.Y.-based shopping center REIT, is going after the pocketbooks...
Tough Times Coming
Jul 1, 2008, Elaine Misonzhnik
The U.S. commercial property market will avoid the massive troubles crippling the single-family housing sector but will face hard times in the coming...
REIT Week Attendees Expect Tough Times Ahead
Jun 11, 2008
The U.S. commercial property market will avoid the massive troubles crippling the single-family housing sector but will face hard times in the coming year, according to presenters at NAREIT’s annual REIT Week conference that took place in New York City from June 4 to June 6....
Centro is Thrown a Lifeline
Jun 4, 2008
Struggling shopping center operator Centro Properties Group, one of the most high-profile victims of the credit crunch, remains afloat as its creditors this week extended the Melbourne-based listed property trust a lifeline by giving the firm a six-month extension to pay down $2.5 billion in debt. It now has until December 15 to come up with the funds. ...
CASHING IN ON GROCERS
Jun 1, 2008, Elaine Misonzhnik
The consumer's unwavering demand for necessities drove shopping center REITs into positive territory while miserly purchases of discretionary items such...
In The Pipeline
Jun 1, 2008
After 15 years of waiting, Westcor, a subsidiary of Santa Monica, Calif.-based Macerich Company, is finally about to start work on the Palisene, a proposed...
