Retail REITS Rally Again
Mar 1, 2007, David Bodamer & Riccardo A. Davis
It sounds like a broken record. Every six-to-twelve months REIT stocks seem to hit a new high and outperform broader indices and observers and analysts ask the question: Are REITs overvalued?...
Simon Nabs Mills
Mar 1, 2007, Elaine Misonzhnik
After struggling for a year to find a buyer, Mills Corp. accepted two buyout offers in less than four weeks. The Chevy Chase, Md.-based company's board reached a deal to be acquired by Simon Property Group's and Farallon Capital Management...
Centro Nabs New Plan For $6.2B
Feb 28, 2007
Australia-based Centro Properties Group announced a deal to buy New Plan Excel Realty Trust for $6.2 billion....
Recent REIT Rally Raises Valuation Concerns
Feb 21, 2007
It sounds like a broken record. Every six-to-12 months REIT stocks seem to hit a new high and outperform broader indices and observers and analysts ask the question: “Are REITs overvalued?”...
Mills Gives Simon Green Light, Brookfield Deadline
Feb 14, 2007
After struggling for a year to find a buyer, Mills Corp. on Tuesday moved closer to accepting its second buyout offer in less than four weeks. ...
A Bidding War for Mills?
Feb 5, 2007
All last summer, Mills Corp. languished, unable to attract a buyer to pull the troubled mall developer from the edge of bankruptcy. Finally, in January, by which time the company faced an urgent need for working capital, it nailed down a $7.5 billion deal with Canada’s Brookfield Asset Management. ...
A Deal Dies
Feb 1, 2007, Elaine Misonzhnik
Toronto-based RioCan Real Estate Investment Trust broke off its proposed joint venture with Ramco-Gershenson Properties Trust leaving the Farmington Hills, Mich.-based REIT's president and CEO Dennis Gershenson smarting...
How Much is Too Much?
Feb 1, 2007, By Beth Karlin
Shareholders of Mills Corp. may finally have a chance to recoup some of the $2.4 billion they lost as the REIT's stock price plunged 65 percent between July 20, 2005, and Jan. 19, 2006....
Gambling On Asia
Feb 1, 2007
American REIT Taubman Centers, Inc. was chosen as the retail partner in the development of Macao Studio City, a resort complex that will combine gaming, hospitality and retail. ...
Beating The Clock
Feb 1, 2007, Matt Hudgins & Elaine Misonzhnik
Mills Corp.'s decision to accept a $7.5 billion buyout offer from Toronto-based Brookfield Asset Management Inc., including cash and assumption of debt, came as the March 31 deadline to pay back a $1.06 billion mortgage loan from lenders represented by Goldman Sachs Mortgage Co. crept closer....
