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Barney's Still Losing Money; Bright Outlook for REITs (Friday's News & Notes)

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The fact that the REITs are well-positioned to take advantage of this downturn has been talked about for a while, but now the rating agencies are starting to take note, according to a report from CoStar. For this and other stories about the world of retail and retail real estate, follow the links below.

  • The New York Post reports that in spite of an improvement in same-store sales, luxury department store Barneys is still posting losses as a result of its $500 million debt load.
  • Rating agencies are beginning to favor REITs, according to a CoStar story, because of their easy access to capital.
  • Another CoStar story reports that JP Morgan completed the sale of the second multi-borrower CMBS issue of the year. Retail properties accounted for almost 80 percent of the loan pool.
  • Limited Brands has agreed to sell its 25 percent stake in the Limited chain to private equity firm Sun Capital Partners.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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