Circling In On Yields
Jul 1, 2005, David Bodamer
Kimco Realty Corp. has been busy this year. The New Hyde Park, N.Y.-based company has put money in a car dealer real estate in Canada. It invested nearly...
Europeans Buy $2.35b Stake In Westfield
Jul 1, 2005, Paricia L. Kirk
Westfield Group has issued $2.35 billion in unsecured notes in a multi-currency offering in Europe, including 600 million euros and 600 million pounds...
REITs Ready For Winn-Dixie Closings
Jul 1, 2005, David Bodamer
Winn-Dixie Stores Inc.'s decision in mid June to close 326 stores and lay off 22,000 employees won't have that much impact on shopping center REITs, which...
Retail REITs Were Prepared For Winn-Dixie Closings
Jun 22, 2005
Winn-Dixie Stores Inc.'s decision to close 326 stores and lay off 22,000 employees won't have that much impact on shopping center REITs, which have been unloading centers with the supermarket chain. That strategy left companies like New Plan Excel Realty Trust, Equity One Inc., and Regency Centers largely unscathed by Tuesday's announcement. ...
Kimco Treads New Ground In Search of Returns
Jun 16, 2005
Competition for strip centers keeps driving prices higher, making it harder for REITs in that sector to get the yields they are seeking. Kimco Realty Corp.'s solution: Don't buy those assets. ...
Equity One Shifting Towards High-density Mixed-use
Jun 9, 2005
Florida-based Equity One Inc. is looking north for growth, and also, up, as it plans vertical mixed-use projects, according to President and COO Doron Valero. ...
Simon Expands Asian Presence
Jun 2, 2005
Simon Property Group Inc. will open a regional office next month in Hong Kong from which it will run a newly formed subsidiary operating as Simon/Chelsea International Ltd. Simon gained entry into the Asian market last year through its acquisition of Chelsea Property Group, which operates a number of centers in Japan. It also has plans to develop centers in Korea. ...
Inland Keeps Growth Going With Big Buy
Jun 2, 2005
The Inland Real Estate Group of Cos. continued its aggressive expansion last week when one of its divisions, Inland Western Retail Real Estate Trust Inc., purchased 13 retail properties from Starwood Wasserman LLC for $383 million. The properties, which total 2 million square feet, are spread out over five states. Four are in California, three in Ohio and two each in Florida, Massachusetts and Rhode Island. ...
Are Heavy Sales a Sell Signal?
Jun 1, 2005
A pattern has emerged in the REIT universe: Insiders are selling big and rarely buying. In the first quarter, REIT insiders sold $169 million worth of...
Urban Breaks Free
Jun 1, 2005, David Bodamer
After three years of limbo, ostensibly operating as an independent third-party manager while being owned by three mall giants, Chicago-based Urban Retail...
