It's the worst of times for real estate money managers. Properties with purchase offers are not closing; transactions are down; and managers are going hat in hand to their investors for cash to prop up properties they do own. “There's no light...
Some of the largest U.S. and international banks may face billions of dollars in fourth quarter write-downs from commercial mortgage- backed securities, whose values took a nosedive in November. According to data from Standard & Poor's, nine...
Moody's Investors Service on Friday changed the rating outlook on shopping center developer and operator Regency Centers Corp. to "Stable" from "Positive." Moody's affirmed its Baa2 senior unsecured rating and Baa3 preferred ratings for the...
Malls across the country have boosted security in recent months, adding rooftop observation posts, parking lot cameras and more patrols to keep shoppers safe. A handful of violent incidents occurred at malls this week as shoppers mobbed stores...
The faltering economy has led to a spike in construction loan delinquencies, and the problem could deepen in the near term. The delinquency rate on apartment construction loans registered 3.7% in the third quarter, up from 2.9% in the second...
Sears Holdings Corp. posted its biggest quarterly loss since financier Edward Lampert combined Sears and Kmart into one retail company, owing mainly to hefty charges related to store closures and disappointing U.S. sales. The company also...
