International
Centro is Thrown a Lifeline
Jun 4, 2008
Struggling shopping center operator Centro Properties Group, one of the most high-profile victims of the credit crunch, remains afloat as its creditors this week extended the Melbourne-based listed property trust a lifeline by giving the firm a six-month extension to pay down $2.5 billion in debt. It now has until December 15 to come up with the funds. ...
International Flavor
Jun 1, 2008
Bloomfield Hills, Mich.-based Taubman Centers, Inc., has been quietly assembling the pieces for Songdo City Shopping Center in Incheon, South Korea. In...
With Debt Deadline Looming Centro Changes CEOs
Jan 16, 2008
With a Feb. 15 deadline to pay off or refinance $3.5 billion in short-term debt exactly one month away, embroiled Australian listed property trust Centro Properties Group made a sudden change at the top...
Credit Crunch Claims Centro, But Other REITs Look Safe
Dec 19, 2007
The credit crunch has certainly slowed things down for the retail real estate industry as evidenced by a drop in deal flow and the scaling back of some announced developments...
Foreign Intrigue
Dec 1, 2007, Elaine Misonzhnik
Innovative foreign-based apparel retailers ringing up brisk sales in the United States and turning their stores' inventories faster than a fashion model...
Globe Trotting
Dec 1, 2007
The trend of U.S.-based developers going international continued last month with three firms making big announcements about overseas initiatives. CBL...
Canada Bound
Nov 1, 2007, Elaine Misonzhnik
Beachwood, Ohio-based Developers Diversified Realty Corp. has entered a joint venture to develop a project in Toronto, fueling speculation that the REIT...
Run for the Border
Nov 1, 2007, Riccardo A. Davis
Parking lots at shopping centers near the United States's northern border are suddenly jammed with vehicles with Canadian license plates as cross-border...
DDR Dips Its Toe Into Canada
Oct 10, 2007
Faced with lower yields in the U.S., Beachwood, Ohio-based Developers Diversified Realty Corp. has entered a joint venture to develop a project in Toronto, fueling speculation that the REIT may be planning a larger push into Canada. ...
Global Power
Oct 1, 2007, Elaine Misonzhnik
International real estate services giant Jones Lang LaSalle, Inc. plans to expand its operations in China, with one of the company's senior executives...
One Small Step
Sep 1, 2007
Amid bad news at home (same-store sales were up only 1.2 percent in the second quarter of 2007, compared to 1.5 percent during the same period last year),...
Rally 2012
Sep 1, 2007, Riccardo A. Davis
Over the next five years the global real estate market is on pace to grow by nearly one half to $13.7 trillion according to a report in August by RREEF,...
IN PROGRESS: Dubai Sports City Retail Component
Jul 1, 2007
Location: Dubai Sports City, UAE Size: 1.7 million square feet Developer: Dubailand Opening: Fourth quarter 2009 Buzz: The development will feature three...
To Russia, with Dough
Jun 1, 2007, Elaine Misonzhnik
Cleveland, Ohio-based Developers Diversified Realty Corp. became the first U.S. REIT to announce a major development initiative targeting the Russian Federation and Ukraine...
DDR, Simon: To Russia, With Dough
May 17, 2007
Cleveland, Ohio-based Developers Diversified Realty Corp. became the first U.S. REIT to announce a major development initiative targeting the Russian Federation and Ukraine this week. ...
For the Better
May 1, 2007, Jennifer Popovec
Two of Europe's biggest commercial real estate firms have united to blaze a retail future together. Paris-based Rodamco Europe N.V. and Rotterdam-based Unibail Holdings S.A. is now the largest pan-European commercial real estate company...
Going for Germany
May 1, 2007, Elaine Misonzhnik
GE Real Estate, one of the more prominent American players in the European real estate market, has expanded its retail holdings in Germany. In late March, the firm bought 15 retail centers there for approximately $40 million....
Our Men in Nanjing
Mar 1, 2007, Elaine Misonzhnik
Chattanooga-based mall REIT CBL & Associates Properties, Inc. is making its first foray overseas with an investment in the subsidiaries of the Jinsheng Group, a Nanjing, China-based shopping center developer....
Were's the McSchnitzel?
Feb 1, 2007
There's been plenty of opposition to McDonald's in recent years. The German village of Geschendorf came up with a new angle. The village has stopped a McDonald's from opening on its outskirts because it doesn't sell sausages and sauerkraut....
TRAFFIC PATTERNS
Jan 1, 2007
YIELDS AHEAD European retail properties deliver yields as low as 2.75 percent in Dublin and as high as 17 percent in Moscow. Annual rents also vary greatly....
Communists at Wal-Mart?
Jan 1, 2007
Employees at the China headquarters of Wal-Mart Stores Inc. have set up a Communist Party branch. ...
ASIA: Beyond China and India
Aug 1, 2006, By Elaine Misonzhnik
Western Developers are revisiting the Pacific Rim and looking for investment oppurtunities...
Latin Flavor
Jul 1, 2006, Elaine Misonzhnik
Jones Lang is moving into the Dominican Republic having gained leasing and marketing assignments in Santo Domingo...
North Wind
Jul 1, 2006, By Albert Warson
Mixed-use projects are beginning to proliferate in Canada as the trend gripping America crosses the border...
Arab Baby Phat
May 1, 2006
Phat Fashions opened its first three flagship stores in the Middle East and has plans to build 14 more. The first stores opened in the Mall of Emirates,...
