International
Buxton Hones Its Global Reach (4/16)
Apr 15, 2009, By Elaine Misonzhnik
As the site selection industry matures, the services its member firms provide are growing in scope and complexity...
New CEO to Lead Centro's U.S. Division Through The Recession (3/24)
Mar 24, 2009, By Elaine Misonzhnik
Centro U.S. new president and CEO Michael Carroll hopes the firm's concentration on grocery-anchored neighborhood and community shopping centers will help it weather the current market storm relatively unscathed...
Meet Me at McDnoald's?
Feb 1, 2009
China is notorious for the proliferation of counterfeit goods and services. But a new shopping center in Nanjing takes that to a new level. The entire...
White Knight
Dec 1, 2008
Westfield Group and Commerzbank AG opened the $2.8 billion 1.6-million-square-foot Westfield London the largest mall in the United Kingdom. It is the...
Far Out
Nov 1, 2008
The first shopping center designed by renowned architect Daniel Libeskind, Westside Shopping and Leisure Center, opened in Bern, Switzerland, in early...
Big Appetite
Nov 1, 2008, By Jennifer Popovec
Sovereign wealth funds will increase property investments. Although sovereign wealth funds (SWFs) are expected to increase their investment activity in...
London Bridge
Oct 1, 2008
In late August both Indianapolis-based Simon Property Group and Sydney-based Westfield Group divulged they had taken out significant stakes in Liberty...
Look Elsewhere
Oct 1, 2008
Global REITs could provide a safe haven during turbulent economic times in the U.S., according to Boston-based Torto Wheaton Research. The group praised...
Are Simon and Westfield Competing or Teaming Up in Britain?
Sep 3, 2008
In recent weeks both Indianapolis-based Simon Property Group and Sydney-based Westfield Group divulged they had taken out significant stakes in Liberty International plc, one of the biggest shopping center owners in the United Kingdom. ...
Centro Still Reeling
Sep 1, 2008, By Elaine Misonzhnik
A month after selling a 5.1-million-square-foot chunk from its U.S. portfolio, Centro Properties Group reported in mid-August that one of its domestic...
Looking East
Sep 1, 2008
Faced with lower growth stateside, more and more U.S. REITs are looking overseas. On Aug. 13, Vornado Realty Trust, a New York City-based diversified...
Centro Takes Another Hit
Aug 27, 2008
A month after selling a 5.1-million-square-foot chunk from its U.S. portfolio, Centro Properties Group reported that one of its domestic units, Centro NP, experienced a second quarter loss of almost $300 million, rekindling questions about its viability as a going concern. ...
Carnival Atmosphere
Aug 1, 2008, By Jennifer Popovec
It's said confidence is a turn-on. U.S. and Canadian investors drawn to Brazil's retail real estate certainly bears that out. Despite the worldwide economic...
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...
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...
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...
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,...
