Investor Pursues New Strategy in U.S. Market
Jul 25, 2007
As the competition to acquire real estate assets intensifies, a former foreign-backed U.S. investment and management company has partnered with a domestic ally to fund $850 million in acquisitions of commercial real estate at home. ...
DDR/Edison Deal Marks Shift in Retail Property Pricing
Jul 5, 2007
Developers Diversified Realty Corp. last week announced the sale of 63 properties to Phillips Edison & Co. in a $603 million deal that was noteworthy for more than just its size...
Kimco, UBS Team Up
Jul 1, 2007, By Elaine Misonzhnik
New Hyde Park, N.Y.-based Kimco Realty Corp. continued the recent trend of REITs forming joint venture partnerships as a way to pursue acquisitions. In...
Resuming the Binge
Jul 1, 2007, By Elaine Misonzhnik
The wave of private equity takeouts that swiped dozens of retailers in 2005 and 2006 perked up again with a flurry of activity in June. Within a span...
Quality Counts
Jul 1, 2007, By Jennifer Popovec
In March, Developers Diversified Realty Corp. put a portfolio of 63 assets up for sale. In recent years, such a collection of assets would have been snatched...
Star Performance
Jul 1, 2007, By Elaine Misonzhnik
Real estate continues to be a favored investment vehicle, with real estate funds of several global investment firms raising record amounts of equity in...
Retail REIT Roller Coaster Takes a Dip
Jun 27, 2007
At the end of April it appeared that retail REITs were well on the way to another boffo year. Total returns for all retail REITS at that point stood at just a hair below 11 percent and led all other property sectors...
Slow Start Aside, Buyout Trend Continues
Jun 20, 2007
After 2006's boffo year of private equity-led retail buyouts--nearly $60 billion in all--the first half of this year seemed tame by comparison. Private equity firms are still sitting on mountains of capital and have no problems raising debt...
Kimco Continues to Push Partnerships
Jun 6, 2007
REITs continue to find a way around the cap rate conundrum to grow their portfolios. Generally speaking, REITs, bound by the requirements of being public companies, have higher return thresholds than individual investors or foreign buyers...
Heard on the Floor
Jun 5, 2007
As the real estate industry’s focus shifts away from traditional single-use properties to mixed-use projects, department stores are having a hard time adjusting to their loss of power...
