CalPERS Cuts Out
Mar 1, 2005, David Koch
In what is the largest shopping center portfolio purchase ever, Macquarie Countrywide Trust, an Australian limited property trust, and frequent joint...
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. ...
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...
Macerich Buys Itself a Holiday Gift: Wilmorite Properties
Dec 29, 2004, By Steve Bergsman
While most retail real estate firms were crossing their fingers that last-minute shoppers would help salvage a weak holiday season, The Macerich Co. was doing some shopping of its own. On Dec. 23, the company said it had emerged as the winner in the sweepstakes for privately-held Wilmorite Properties, which has been on the market for months ...
REITs Maneuver For A SMOOTH LANDING
Dec 1, 2004, By Jennifer D. Duell
After three years of a near frenzy/bubble state, the retail real estate industry is aiming for a soft landing in 2005. It hopes to avoid jolts that could...
TIC TAC DOUGH
Dec 1, 2004, By David Bodamer
As if there isn't enough competition for retail assets, a new crop of eager investors has found the way into the market. It's the tenant-in-common (TIC)...
REITS Catch A Tax Break From Congress
Nov 1, 2004, David Bodamer
REIT managers' jobs will get a little easier thanks to provisions that were tacked on to the American Jobs Creation Act of 2004 that Congress passed in...
REITS Catch a Break From Congress
Oct 20, 2004, By David Bodamer
REIT managers' jobs will get a little bit easier thanks to provisions that were tacked onto the American Jobs Creation Act of 2004 that both the House and Senate passed last week. Most significantly, REITs will be able to avoid the fate that almost befell Pennsylvania REIT earlier this year when the mall owner nearly forfeited its REIT status due to a minor accounting mistake ...
Mills Wins GM Portfolio on Merit, not Money
Sep 1, 2004, Brannon Boswell
Last month, Mills Corp. beat out a long list of bidders for the General Motors Pension Trust portfolio of malls. But the Arlington, Va.-based REIT's victory...
