When the Krausz Cos. of south San Francisco bought Puente Hills Mall in 1996, the property was in deep trouble. Originally developed by the Hahn Co., the property had gone into default while Hahn was in bankruptcy...
The pace at which events unfold in the financial markets can be dizzying at times. Indeed, in Shopping Center World's ranking of top retail lenders for 1998, Nomura Capital held the No. 2 position, behind Lehman...
If you are looking for equity, now may not be the best time to do it. "It's low on the priority list right now. (Capital sources) want regular loans first because it's their bread and butter," says Jeff Johnson...
Thanks to trouble in the commercial mortgage-backed securities (CMBS) market, financing became more difficult in the final quarter of 1998. Spreads increased, loan-to-value ratios decreased and lenders played a much...
The entertainment center -- far from being a creation of the '90s -- has evolved from a simple organism to meet the needs of a changing society. How did we get from there to here? For the moment, the category on...
When Charles Aug founded Garrick-Aug Associates Store Leasing Inc. in 1975, it was, as far as he knew, the only real estate brokerage in the United States devoted exclusively to retail. Today, he says, it is the...
In July, the acting U.S. Comptroller of the Currency, Julie Williams, expressed concern about national banks' drift toward making subprime and high loan-to-value loans. Such practices, she said, would lead to risky...
For most developers and investors, the word "brownfield" evokes nightmarish visions of cost overruns, endless paperwork, long-delayed openings and, worst of all, serious litigation. However, the experience of other...
