Developers Charting Gulf Coast Course
Mar 14, 2007
Slowly but surely, retail developers are readying to rebuild the ravaged Gulf Coast that is taking steps to rebound from Hurricanes Katrina and Rita...
Washington’s Development Machine Grinds On
Mar 8, 2007
Much of turnaround stems from the city itself, where there continues to be a major push for development from the mayor’s office. The turn began under Anthony Williams, who served two terms beginning in 1998, and is continuing under the current administration of Adrian Fenty. ...
A Positive Postscript to Christmas 2006
Feb 28, 2007
After the holiday sales are over and year-end earnings tallied, veterans of retail real estate brace for the first-quarter fallout. This is the time of year when retailers that didn’t hit their targets announce bankruptcies and store closings...
Centro Nabs New Plan For $6.2B
Feb 28, 2007
Australia-based Centro Properties Group announced a deal to buy New Plan Excel Realty Trust for $6.2 billion....
Recent REIT Rally Raises Valuation Concerns
Feb 21, 2007
It sounds like a broken record. Every six-to-12 months REIT stocks seem to hit a new high and outperform broader indices and observers and analysts ask the question: “Are REITs overvalued?”...
Mall Shooting Spree Raises Security Questions
Feb 14, 2007
In perhaps the deadliest incident ever at a U.S. mall, six people were killed Monday at Trolley Square, a 239,000-square-foot mall in Salt Lake City ...
Mills Gives Simon Green Light, Brookfield Deadline
Feb 14, 2007
After struggling for a year to find a buyer, Mills Corp. on Tuesday moved closer to accepting its second buyout offer in less than four weeks. ...
From the MBA CREF Conference: Lenders Enjoying the "Perfect Calm"
Feb 7, 2007, by: David Bodamer
Improved fundamentals, a cache of capital and continued innovation in capital markets have converged this year to create a "perfect calm" for commercial real estate financiers. ...
A Bidding War for Mills?
Feb 5, 2007
All last summer, Mills Corp. languished, unable to attract a buyer to pull the troubled mall developer from the edge of bankruptcy. Finally, in January, by which time the company faced an urgent need for working capital, it nailed down a $7.5 billion deal with Canada’s Brookfield Asset Management. ...
Fleeing the Gap
Feb 1, 2007, By Elaine Misonzhnik
In January, embattled Gap CEO Paul Pressler resigned after two years of declining sales that was topped off this past holiday with sales that further fueled speculation the company would be sold....
How Much is Too Much?
Feb 1, 2007, By Beth Karlin
Shareholders of Mills Corp. may finally have a chance to recoup some of the $2.4 billion they lost as the REIT's stock price plunged 65 percent between July 20, 2005, and Jan. 19, 2006....
Can I Help You?
Feb 1, 2007, Riccardo A. Davis
Retailers need look no further than themselves to blame for their dismal sales this past holiday season, according to a survey from Deloitte & Touche...
Defensive Position
Feb 1, 2007
Charles Antonucci isn't happy about the new commercial real estate lending guidelines his bank is going to have to follow. ...
Law Would Permanently Nix Lender-Broker Mix
Jan 31, 2007, By Elaine Misonzhnik
Lawmakers in Washington are once again pushing a bill that would permanently bar banks from breaking into the real estate brokerage and property management businesses....
Gap: Deal or No Deal?
Jan 25, 2007
The ouster of CEO Paul Pressler at Gap Inc. earlier this week, after another lackluster holiday shopping season, has sparked new speculation among industry observers and analysts about whether the company will be the next retailer to fall in the private equity takeover wave. ...
