I've been away from the blog for a few days. The summer is usually a slowtime. That's not the case right now. I'm wondering especially if the Fannie/Freddie saga has implications for the commercial real estate world. In any case, it seems like things keep getting worse rather than improving. Coming out of ICSC the mood seemed extremely upbeat in the retail real estate industry. I wonder how people are feeling now with the bad news piling up fast and furiously.
Anyway, here are some headlines from the past week that caught my attention.
- July 8, Newsday, Kimco downgraded as shopping center prospects dim
- July 9, Associated Press, Celebrity foreclosures show extent of housing woes
- July 9, CNBC, Steve & Barry's Files for Bankruptcy
- July 9, Steve & Barry's a perfect fit for Sears, Kmart? Sun-Times,
- July 9, Marketwatch, Steve & Barry bankruptcy further pressures malls
- July 9, Associated Press, American Girl store to open in Mall of America
- July 9, Associated Press, $4 gas may help rural towns as shoppers stay local
- July 9, Business Week Office Depot: Caught in the Shredder
- July 10, The New York Observer, Syms Says Its Real Estate More Lucrative Than Its Retail (But, Cries Marcy, We're Not a REIT!)
- July 10, Forbes, World's Best Places to Invest in Real Estate
- July 10, Minneapolis Star Tribune, Wilsons sells name, 116 stores
- July 10, Associated Press, Walgreen to slow store expansion through 2011
- July 11, Retail Design Diva, Is $30 Million the Magic Number?
- July 11, CNBC, Dunkin Donuts CEO talks about surviving the downturn.