Macy's CEO Terry Lundgren took a $2.5 million cut in his cash payout in 2007, having collected no bonus in a year when profit and sales both declined. But he did get a bump in salary and almost $700,000 in additional stock incentives for a total...
Well, somebody sees some opportunity to invest in commercial real estate. Blackstone's raised a whopping $10.9 billion to invest--it's biggest fund yet. ...
Centro Properties Group, the Australian property trust seeking to refinance A$4.9 billion ($4.5 billion) of debt, had its biggest three-day gain since January in Sydney trading after a unit was released from a $450 million bond guarantee. Centro...
The retail industry was a major target of private equity buyouts. Those deals came to an abrupt halt with the onset of the credit crisis. At least we haven't seen any $1 billion+ ones. There have been some smaller ones recently. ...
Simon Property Group's Burlington Mall is the filming site for the upcoming Adam Sandler/Kevin James Mall Cop movie (not to be confused with the Jude Apatow/Seth Rogen mall cop vehicle called Observe and Report). ...
Not content to focus on its U.S. roll-out, Tesco's now looking at Russia, according to CB Richard Ellis, X5 Retail Group and MF Global.