As Retail Sales Dip, So Do Rents (1/14)
Jan 14, 2009, By Sibley Fleming
The 2.7% decline in U.S. retail sales in December will force shopping center owners to offer more rent concessions in order to retain and attract retailers, says Suzanne Mulvee, real estate strategist for Property Portfolio & Research (PPR) based in Boston....
GGP Makes Moves to Strengthen Its Appeal to Lenders (1/13)
Jan 13, 2009
Embattled regional mall REIT General Growth Properties Inc. is little by little getting its house in order...
Post Holiday Gift Returns Could Deal Another Blow to Retailers (1/6)
Jan 6, 2009
Amid a dismal holiday sales season, rife with low shopper traffic and huge markdowns, U.S. retailers might suffer another hit to bottom lines as stretched consumers take advantage of lenient return policies to trade in holiday gifts for cash. ...
Looking Back, Looking Forward (12/30)
Dec 30, 2008
The final numbers aren’t yet in, but there’s little doubt that 2008 was the worst holiday shopping season in a generation, marking an ignoble finish to a dismal year for retail. ...
Circuit City’s Failed Auction Indicates Developing Excess Space Glut (12/23)
Dec 23, 2008
Circuit City’s decision last week to cancel a planned auction of 154 leases due to lack of bidders could be another troublesome milestone for the rapidly deteriorating retail real estate industry....
PREIT, Cafaro Lend Boscov’s a Helping Hand (12/17)
Dec 17, 2008
In unorthodox moves, two major retail real estate developers are helping keep Reading, Pa.-based regional department store chain Boscov’s afloat. ...
Industry Settles in for Long Haul at ICSC New York Show (12/10)
Dec 10, 2008
The mood at this week’s annual ICSC New York National Conference and Dealmaking was one of overwhelming caution....
Centro, GGP Find Ways to Hang On (12/3)
Dec 3, 2008
Although the threat of bankruptcy continues to hang over Chicago-based REIT General Growth Properties and Melbourne-based listed property trust Centro Properties Group, both embattled firms have managed to dodge that fate thanks to recent moves. ...
New York City’s Cooling Market (12/2)
Dec 2, 2008
The National Bureau of Economic Research officially declared on Monday what most pros in the retail real estate industry had already come to accept—that the United States economy has dipped into a recession. ...
Regional Mall REITs Hang On During Third Quarter (11/19)
Nov 19, 2008
Regional mall REITs turned in a solid performance in the third quarter of 2008, amid increasingly grim same-store sales results and reports of crimped consumer spending. ...
Shopping Center REITs Headed Down (11/12)
Nov 12, 2008
Shopping center REIT performance continued to erode during the third quarter. Nearly half the shopping center REITs missed analyst estimates and several lowered their guidance for the remainder of the year. ...
Store Closings Could Double in 2009 (11/5)
Nov 5, 2008
Circuit City’s announcement Monday that it was closing 155 stores, or 21 percent of its 721 U.S. locations....
Real Estate Trade Groups Favor McCain Economic Policies (10/29)
Oct 29, 2008
While commercial real estate associations cannot endorse presidential candidates, that isn’t stopping them from monitoring and assessing Sen. John McCain and Sen. Barack Obama’s prospective economic policies. ...
Bleak Outlook for Retail Real Estate in 2009 … and 2010 (10/22)
Oct 22, 2008
Hoping for a quick turnaround in the retail real estate sector? Don’t bet on it. ...
Although Terms Have Changed, Debt Markets Remain Open to Retail REITs (10/15)
Oct 15, 2008
As the retail real estate industry awaits the fate of General Growth Properties Inc.—will it be dispositions, a wholesale liquidation, a merger or a miraculous recovery...
