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Bill Ackman Strikes Again (Friday's News & Notes)

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Bill Ackman's Pershing Square Capital Management seems to be everywhere these days: the firm has been an investor in Target, Borders and Sears, as well as in General Growth Properties, the country's second largest mall owner. The firm has also made a high-profile attempt to take over Stuyvesant Town-Peter Cooper Village, a sprawling residential complex in the midst of New York City.

Now, Pershing Square has disclosed that it bought a 16.5 percent stake in J.C. Penney Co., making it the department store chain's largest shareholder. Ackman, a hands-on investor, reportedly already has some ideas on how to improve the company's perfomance. To read more stories about retail and retail real estate, follow the links below:

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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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