Apparel retailer Forever 21 opened one of its largest stores at Fashion Fair mall in Fresno, Calif. this week. The store will span three levels and 150,000 square feet, making it larger than even Forever 21's Times Square location in New York City...
Forest City Enterprises has been extremely busy the last couple of years as it has aggressively cleaned up its balance sheet, increased liquidity and revamped its approach to development and redevelopment (including halting all its projects at one...
Shopping center REITs closed 2010 in stable condition, though their performance was more mixed than that posted by regional mall REITs. The sector seemed to be experiencing the lingering impact of multiple big-box closings in 2009, as well as some...
Blockbuster revealed this week that it will reject 150 leases, in addition to the 220 it had already canceled, according to The Street. The company was previously facing threats of eviction from some of its landlords because it was late on rents...
The streak of private equity firms going after retailers continues, with Leonard Green & Partners signing a confidentiality agreement with BJ's Wholesale Club, according to Supermarket News. ...
Last night, Grubb & Ellis announced it hired a financial advisor in JPM Securities to explore strategic alternatives, including a possible sale of the company, Bloomberg reports. According to company chairman Michael Kojaian, Grubb & Ellis...
In the past few months, retailing giant Walmart has come under scrutiny for lackluster sales, with some experts claiming that its era of dominance in the U.S. market was over. Walmart is apparently aware of the problem and is taking steps to fix...
Landlords anxious to know whether their centers will be affected by the Borders reorganization will have to wait a little longer. On Wednesday, the bankruptcy court granted the retailer an extension to decide which leases to keep and which to...
Now that Sandeep Mathrani has assumed the post as GGP's new CEO, he plans to further clean out the REIT's portfolio. Mathrani would like GGP to stick with its core mall format and shed the assorted strip centers, power centers and office buildings...
As commercial real estate values recover, wealthy individual investors are following institutional capital in chasing real estate yields, according to a story from Bloomberg. Data from Real Capital Analytics shows high net-worth individuals spent ...