DETROIT BLUES
May 1, 2008
It's true that Detroit has seen many foreclosures in recent months. But for a city that's suffered economically for years, it's debatable whether this...
Putting on the Brakes
May 1, 2008
The higher gas prices that have been plaguing U.S. consumers since the beginning of the year have started to affect their shopping habits. In March, U.S....
Best of Traffic Court
May 1, 2008
Maudlin Month of March David Bodamer April 10th, 2008 According to ICSC's data, released this morning, chain stores suffered through their worst March...
Cash In Political
May 1, 2008, John Egan
High-end men's clothing shop Heime's Haberdashery soon will be stocking up on white and blue dress shirts, ties and dress shoes. It's not because the...
FINANCE BRIEFS
May 1, 2008
Metropolitan Capital Advisors arranged a $29 million mortgage and a $3.25 million mezzanine loan for the acquisition of three Kroger-anchored shopping...
LEAVING LAS VEGAS
May 1, 2008
Raw data suggest that Las Vegas is the epicenter of the nation's foreclosure meltdown. All but three of the top 13 zip codes hardest hit by foreclosures...
IN PROGRESS: THE SHOPS AT THE ARMORY
May 1, 2008
Location: the Bronx, N.Y. Developer: The Related Cos. Size: 575,000 sq. ft. Cost: $310 million Buzz: Formerly the site of the historic Kingsbridge Armory...
ON THE PROWL
May 1, 2008
As worries continue to spread about rising delinquency rates in the commercial real estate sector, lending institutions around the country are quietly...
Put the Rice Down Now
May 1, 2008
In late April, major retailers in New York, in areas of New England and on the West Coast were limiting purchases of flour, rice and cooking oil as supplies...
A Big Payday
May 1, 2008, Marc Hequet
Good properties still draw financing. Witness Developers Diversified Realty Corp.'s big package with lenders that led Chairman and CEO Scott A. Wolstein...
Easing In
May 1, 2008, Lauren Shepherd
U.K. supermarket operator Tesco PLC says it may be too early to start drawing conclusions about the popularity of its new Fresh & Easy Neighborhood Markets...
NEW DIRECTIONS
May 1, 2008, By Anne Field
Eighteen months ago, Joshua Weinkranz's phone was practically ringing off the hook with calls from tenants looking for space in Kimco Realty Corp. properties....
Go East
May 1, 2008, Patricia Kirk
Jones Lang LaSalle Inc. has formed a joint venture partnership with Colonial First State Property Management, Australia's largest full-service retail...
Shakeup at Talbots
May 1, 2008, Lauren Shepherd
Talbots Inc. is looking to reinvent itself. Long known as your mother's favorite store, the fashions have become too in the words of new CEO Trudy Sullivan,...
Delinquencies Inch Up
May 1, 2008
U.S. CMBS delinquencies rose in March by a measly 3 basis points bringing the delinquency rate to a still microscopic 0.33 percent. So far, commercial...
TAKING STOCK OF STOCKTON
May 1, 2008
Sales and development enjoyed a brisk business in the Northern California city of Stockton during the real estate boom, but signs of leveling out are...
Fresh Faces
May 1, 2008
In just a few months, residents in Sonoma County, Calif., will have a new place to shop for fresh and organic foods a Whole Foods Market. That, in and...
Expansion Plans
May 1, 2008
Over the past several years, the Fresh Market has added 15 to 25 new stores per year. In 1985, the firm opened its first store outside of its home state...
IN PROGRESS: THE ORCHARD TOWN CENTER
May 1, 2008
Location: Westminster, Colo. Developer: Forest City Enterprises Size: 983,000 sq. ft. Anchors: Macy's, JCPenney, AMC Theatres Buzz: This open-air lifestyle...
Feeding the Pipeline
May 1, 2008, Marc Hequet
A full pipeline needs cash and Weingarten Realty Investors of Houston gained some with a March recapitalization. Weingarten and AEW Capital Management...
Turning Up the Heat
May 1, 2008, By Ben Johnson
Community and mid-size banks, which comprise the bulk of all commercial real estate lenders in this country, are once again under the watchful eye of...
Window of Opportunity
May 1, 2008
When a store goes dark, someone pays for that vacant space. Either the retailer pays rent on its unused space or the owner incurs the loss of income until...
Foodie Heaven
May 1, 2008, Jennifer Popovec
When shoppers walk into the Fresh Market, their senses are overwhelmed with a range of scents and sights the aroma of coffee and freshly baked bread,...
Macy's CEO Pay Cut
May 1, 2008
Macy's CEO Terry Lundgren took a $2.5 million cut in his cash payout in 2007, in a year when the company's profit and sales both declined. He did get...
SHOWING STRESS
May 1, 2008
Since the fourth quarter of 2007 when the commercial mortgage-backed securities (CMBS) market effectively seized up, there has been concern that lax underwriting...
