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Kimco Makes Headlines; Holiday Sales Projections Remain Dismal (Weekend Roundup)

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Debt levels still seem to be at the top of everyone's mind, as the biggest news making the rounds this weekend was a $108 million loan secured by Kimco Realty Corp. Meanwhile, as we move closer to September, some market analysts have begun preparing forecasts for the 2009 holiday shopping season and they are not pretty. While this year will be an improvement over last year's abysmal fourth quarter, early projections tell us not to expect anything better than a 1 percent increase in same-store sales.

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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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