November 1, 2008
Departments
Editor's Letter: Retail REITs Deserve Another Look
Nov 1, 2008 12:00 PM, By David Bodamer, Editor-in-Chief Retail Traffic Magazine
For the past month or so from the day that Lehman Brothers filed for bankruptcy retail REITs have been under seige. The bad news has continued to pile...
Traffic Patterns
Nov 1, 2008 12:00 PM
Tumult in the markets hit REITs particularly hard. Stock prices of every retail REIT dropped during the past 30 days. RETAIL REIT SCORECARD Symbol Price*...
Traffic Reports
General Growth's Growing Pains
Nov 1, 2008 12:00 PM, By Elaine Misonzhnik
As the credit crisis drags on, debt-ladened General Growth Properties, the nation's second largest regional mall REIT, may have no other choice than to...
More REIT Margin Calls
Nov 1, 2008 12:00 PM
Two more REITs have seen executives forced to sell stock. Macerich Co. CEO Art Coppola and Developers Diversified chairman and CEO Scott Wolstein both...
No Agreement
Nov 1, 2008 12:00 PM
The board of directors at Agree Realty Corp. unanimously rejected an unsolicited acquisition proposal from Compson Holding Corp. The Board determined...
Projects & People
Nov 1, 2008 12:00 PM
CROSS Development will build Prosper Plaza, a 355,000-sq.-ft. retail center in Prosper, Texas. RealtyLink, LLC completed Midtowne Park, a 175,000-sq.-ft....
Brownfield Bet
Nov 1, 2008 12:00 PM
Even as the U.S. struggles through a severe housing slump, a weak economy and a financial crisis, LNR Property Corp.'s Commercial Property Group and Hopkins...
Big Appetite
Nov 1, 2008 12:00 PM, By Jennifer Popovec
Sovereign wealth funds will increase property investments. Although sovereign wealth funds (SWFs) are expected to increase their investment activity in...
In Progress: Park West Village
Nov 1, 2008 12:00 PM
Location: Morrisville, N.C. Developers: Casto Lifestyle Properties, 1st Carolina Properties and JP Morgan Size: 100 acres Completion: Late 2009 Buzz:...
Back on Track
Nov 1, 2008 12:00 PM
After weeks of uncertainty surrounding the $650 million redevelopment of Filene's flagship store in Boston, developer John B. Hynes III and partner Vornado...
Bleak Outlook for 2009 . . .and 2010
Nov 1, 2008 12:00 PM, By David Bodamer
Hoping for a quick turnaround in the retail real estate sector? Don't bet on it. That's at least the opinion of more than 700 commercial real estate experts...
Business Deals
Nov 1, 2008 12:00 PM
CB Richard Ellis negotiated the sale of the Shops at Chauncey Ranch, a 168,504-sq.-ft. power center in Scottsdale, Ariz., from Vertical Holdings Co. to...
Mission Impossible
Nov 1, 2008 12:00 PM
Specialty apparel seller Forever 21 has its sights set on expansion. In early October, reports surfaced the retailer had made a bid for stores belonging...
Far Out
Nov 1, 2008 12:00 PM
The first shopping center designed by renowned architect Daniel Libeskind, Westside Shopping and Leisure Center, opened in Bern, Switzerland, in early...
Features
Damage Report
Nov 1, 2008 12:00 PM, By Jennifer Popovec
Between September 19, the Friday before investment bank Lehman Brothers filed for bankruptcy protection, and October 15, the day the U.S. government invested...
American Melting Pot
Nov 1, 2008 12:00 PM, By Elaine Misonzhnik
Three years ago, when apparel retailer Bench opened its doors at Serramonte Center in Daly City, Calif., most Americans had never heard of the chain....
Dollar Stores See Dollar Signs
Nov 1, 2008 12:00 PM, By Lauren Shepherd
For most retailers, a slowing economy characterized by inflation, unemployment and a lack of consumer confidence spells big trouble. But for at least...
Restaurants Battle for Customers
Nov 1, 2008 12:00 PM, By Hortense Leon
Restaurants hit particularly hard by the economic slowdown are promoting reduced price menus to drive traffic and reel in struggling consumers. In a similar...
Texas: Bucking the Trend
Nov 1, 2008 12:00 PM, By Patricia Kirk
Energy-rich Texas continues to experience job growth and new residents are flooding to Houston and the Dallas/Fort Worth area. That, in turn, has led...
Management Office
Christmas in July II
Nov 1, 2008 12:00 PM, By Elaine Misonzhnik
It's 60 degrees outside, the leaves haven't begun to change color and most of us haven't had a chance to put away summer clothes, but that hasn't stopped...
Taking the LEED
Nov 1, 2008 12:00 PM, By Elaine Misonzhnik
Few design and construction professionals will quibble with the notion that U.S. retail operators have largely eschewed green design techniques. To date,...
Expert Q&A: Who Do You Trust?
Nov 1, 2008 12:00 PM
In an October report titled The New Three D's-Distrust, Deleveraging and Deflation, Southard noted the Troubled Asset Relief Program (TARP) could restore...
