Regency Centers Corp.’s operating partnership, Regency Centers L.P., completed the sale of $150 million of 6.0 percent 10-year senior unsecured notes under its existing shelf registration statement...
After a rough few months that saw the credit markets seize, a slowdown in investment sales and what was forecast to be a lackluster holiday shopping season, the buzzword at ICSC's New York National Conference and...
The credit crunch has certainly slowed things down for the retail real estate industry as evidenced by a drop in deal flow and the scaling back of some announced developments. But this week the situation transformed...
James Adamson, chairman and CEO of Troy, Mich.-based retailer Kmart, announced yesterday the company will go through another round of store closings next month. Analysts have guessed the death toll could include 300...
Wall Street is divided as to how successful Simon’s continued attempts to acquire Taubman Centers will be. Today, Taubman’s board of directors unanimously rejected Simon’s second tender offer of $18 per share, deeming...
Wal-Mart is no longer a lead tenant for Columbus, Ohio-based REIT Glimcher Realty Trust. In a push to refocus its strategy on regional malls, Glimcher sold 27 of its community centers in 2002...
Developers Diversified Realty (DDR), a Cleveland-based REIT that owns more than 62 million sq. ft. of retail real estate, yesterday announced five new additions to its growing portfolio. The properties were purchased...
Since July 1, the Morgan Stanley REIT index has fallen 8.5%, sending the REIT sector from the black to the red in almost the blink of an eye. REITs posted a total return of 13.5% in the first half of 2002, but they...
Same-store sales took a decided upturn in June, a phenomenon Wall Street analysts say will prove beneficial to retail REITs. Median same-store sales for the month were up 4%. "Given the better than expected same-store...
Management at Atlanta-based Home Depot is confident that the company’s stock, which has declined 43% year-to-date, is undervalued. In response to the situation, the retailer’s board of directors announced yesterday it...
