Tuesday's News & Notes
Tue, 2009-05-12 20:30
Here are some
and notes on retail and retail real estate from around the Web today.
According to MIT's
, results for the first quarter of 2009 show a 5.8 percent decline in prices compared to the previous quarter.
The ICSC/Goldman Sachs Chain Store Sales index
rose 0.3 percent for the week and is up 0.5 percent year over year
, its best result in a while
A story in the
New York Times
looks at how some vacant stores are becoming
, (something we wrote about
Zero Hedge pointed out that the
FDIC sold $470 million in commercial loans for 46.4 cent on the dollar
David Stejkowski wrote
more about GGP's independent directors
and their affect on the bankruptcy filing.
The Associated Press did a general round up summarizing
concerns about commercial real estate
Reuters reported that the troubled commercial mortgage market
has caused big bondholders to collaborate to fend off changes in tax law
sought by servicing companies to lessen the impact of the credit crunch on the property values.
recapped the first quarter results
for shopping center REITs.