Real estate investment trust Cedar Shopping Centers Inc. said Monday it has extended the date by which it must pay back its $300 million secured revolving credit facility through January 2010. The facility, which is expandable to $400 million, is...
The New York Times chimes in with "Year of Tumult for REITs". The story raises the issue of net asset value (NAV). REIT backers have pointed to the fact that REITs are trading at discounts to NAV as a reason to be bullish on the sector. However...
General Growth just released a statement on the $900 million Fashion Show and Palazzo mortgage loans that were set to expire on Friday. It has not reached an agreement with lenders yet and is still talking. ...
That's more or less the message in a new ad from the International Council of Shopping Centers, which is making a plea to consumers to stay offline and instead buy holiday gifts locally through a new campaign that includes a 60-second spot that...
This is something we heard at the New York ICSC event from a few people. Liquidations are ending up hurting existing retailers because people are going to the stores going out of business to cash in on really deep discounts. So, for example...
Retail sales fell 1.8 percent in November, the record fifth straight month of declines since the Commerce Department started tracking statistics in 1992. ...
This just hit the wires. General Growth announced the completion of approximately $896 million of mortgage loans. These are not the loans tied to the Las Vegas properties for which are also scheduled to mature today. ...
The Macerich Co. has worked quickly to quell the effect of the Mervyn's liquidation. According to the company, they've filled 22 of 41 Macerich-owned Mervyns sites acquired in December 2007 and the first quarter 2008 with Kohl's and Forever 21...
