Taubman Teams with Morgan Stanley to Conquer Asia
Apr 14, 2005
Taubman Centers is teaming up with Morgan Stanley--and hiring a top Morgan Stanley executive--to greatly expand its development role in Asia. The regional mall REIT announced yesterday that it is hiring Morgan Parker, a Morgan Stanley vice president based in Tokyo who oversaw Morgan Stanley Real Estate Funds' retail investment and management business in Asia. Parker will run the newly-formed Taubman Asia subsidiary, which will be headquartered in Hong Kong. ...
Simon Mixes It Up
Apr 1, 2005, Beth Karlin
Simon Property Group is embracing the mixed-use format as a way to rework existing retail properties and squeeze out more revenue. The nation's largest...
Vornado Tornado
Apr 1, 2005
Vornado Realty Trust was swirling in retail news in March. First, it partnered with two other firms to buy Toys Us. Then it acquired the 17,000-square-foot...
REITs Largely Untouched from Winn-Dixie Bankrutpcy
Feb 24, 2005
Winn-Dixie's filing for Chapter 11 bankruptcy this week will have minimal effect on shopping center REITs, according to analysts. Even the two REITs with the greatest exposure, Equity One Inc. and New Plan Excel Realty Trust, should be relatively unharmed. ...
Australia Money Continues into U.S. while CalPERS Reloads
Feb 17, 2005
The Australian buying spree in U.S. retail real estate shows no signs of abating. In what is the largest shopping center portfolio purchase ever, Macquarie Countrywide Trust, an Australian limited property trust, and frequent joint venture partner Regency Centers on Monday announced the purchase of 101 shopping centers from the California Public Employees Retirement System for $2.74 billion. ...
Mills Corp. Buys Big in Midwest
Feb 3, 2005, David Bodamer
In the first big retail deal of 2005, Mills Corp. has purchased two Midwest malls -- one in Minnesota and the other in Wisconsin -- from -- Blackstone Real Estate Advisors and Polaris Capital for $452 million. The two projects, the 1.3-million-square-foot Southdale Center in Minneapolis and 1.2-million-square-foot Southridge Mall in Milwaukee, are the first in those respective states for Mills as it continues to diversify its portfolio. ...
PREIT Goes Mall Shopping
Feb 1, 2005, By Mark Hequet
Timing is everything, PREIT reckoned, as it evaluated a plan to dump all its residential properties and add regional malls to its portfolio. The transaction...
What's Westfield's Next Move?
Jan 5, 2005
Westfield Group appears ready to make some big acquisitions, now that it has secured a $4 billion global syndicated line of credit from 34 banks. The Australian-based developer wouldn't comment on plans for the money, other than to say it will be used for development and redevelopment. ...
Aussies Ahoy
Jan 1, 2005, David Bodamer
Kramont Realty Trust's announcement in late December that it will merge with Australia-based Centro Properties Ltd. in a $1.3 billion deal shows the growing...
A BIT OF SCOTCH
Jan 1, 2005
The Mills Corp. continued its aggressive international push through the joint venture acquisition of the 715,000-square-foot Enoch Centre (pictured right)...
