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...
General Growth Drops $12 Billion On Rouse
Aug 25, 2004, By Curt Hazlett
Even in a season of big deals, General Growth's $12 billion acquisition of Rouse stands out. One clear reason is price. General Growth agreed to pay $67.50 a share for the Columbia, Md.-based Rouse, a 33 percent premium over the REIT's previous close, and also agreed to assume $5.4 billion in Rouse debt ...
Mills To Pay $1.3 Billion For GM Pension Trust Portfolio
Aug 11, 2004
Mills Corp. is paying $1.3 billion for full interests in three B-class malls and 50 percent interests in five A-Class malls controlled by General Motors Pension Trust, according to Citigroup Smith Barney analyst Jonathan Litt...
The MALL from HELL
Jun 1, 2004, By Patricia Kirk
It's the top of the market and buyers are in a bidding frenzy. Desperate to grab any available retail property, they're scrambling to put together financing and close deals while the capital's still flowing. But a dark shadow — make that dark shadows — lurk on the horizon as buyers pressed for time fail to read the fine print and leave themselves exposed...
TIME TO UNLOAD
Jun 1, 2004, Beth Karlin
Have retail property prices peaked? With interest rates heading higher, many real estate executives think the answer is yes. As evidence, consider the fact that...
NOW BOARDING
May 1, 2004, By Curt Hazlett
Ed Vinson certainly doesn't need any more frequent flyer miles. The Mills Corp. executive vice president got more than he could use during construction of the company's glitzy new Madrid Xanadu in Spain, sometimes crossing the Atlantic a couple of times a month to meet with the firm's partner and check on the mall's progress. The upgrades to first class will come in handy, too, as Vinson helps Mills move ahead with projects in Italy and maybe elsewhere.
Mills is in the first wave of a trend that's likely to reshape U.S. mall REITs in the next few years...
General Growth's Gamble
May 1, 2004, Brannon Boswell
General Growth's high-rolling purchase of the Grand Canal Shoppes in Las Vegas may be a gamble, some analysts say. The Chicago-based REIT is paying $766...
