Glimcher, Oxford Properties Ring In New Year With Joint Venture
Jan 5, 2006
The New Year started with the continuation of one of 2005's biggest trends as Columbus, Ohio-based Glimcher Realty Trust became the latest U.S. REIT to pair up with a foreign pension fund. Unlike its cohorts, however, Glimcher didn't look down under to Australia. Instead, it tapped the Great White North and has partnered with Oxford Properties Group, a real estate company owned by the Ontario (Canada) Municipal Employees Retirement System (OMERS). ...
Cap Rates Finally Begin to Diverge
Dec 15, 2005
At the height of the retail real estate feeding frenzy investors had to pay the same cap rates for assets across the country regardless of location or quality. But observers say in recent months things have cooled a bit and that for the first time in a while the price difference on Class A and Class B assets and prices in primary and secondary markets is growing. ...
TIC Flip
Dec 1, 2005, David Bodamer
Just two-and-a-half years after 32 tenant-in-common investors bought the Puente Hills Mall in the City of Industry, Calif., for $148 million in the (then)...
How Low Can They Go?
Nov 1, 2005, David Bodamer
Just when you thought cap rates couldn't get any lower, a deal in California shattered all expectations. In October, the 40-year-old, 75,327-square-foot...
REIT Roller Coaster
Nov 1, 2005, David Bodamer
After back-to-back years with 30 percent gains, REIT stocks finally appear to be showing signs of flagging. While retail REITs are still performing better...
REITs Get Cloudy
Aug 1, 2005, David Bodamer
A two-week rally in July sent the Morgan Stanley REIT Index up 6 percent, bringing the increase so far this year to 12.3 percent compared with a 1.9 percent...
REITs Get Cloudy
Jul 14, 2005
A two-week rally has sent the Morgan Stanley REIT Index up 6 percent, bringing the increase so far this year to 11.7 percent -- compared with a 2.5 percent decline for the Dow Jones Index in the same time. Sounds good, especially since the REIT index was in the dumps earlier this year. But the perception does not fit the reality, some analysts say. ...
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. ...
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. ...
