AmREIT, a small retail REIT that develops and manages a portfolio of more than 70 properties totalling 3.4 million square feet, has opted to privatize. Like most other retail REITs, AmREIT's stock is down considerably from its 52-week and all-time...
Took a quick look at the CMBX indices and spreads are still extremely high. They blew out when Henry Paulson changed his mind on how he was going to use the funds from TARP. When it became clear the government was going to buy troubled assets...
The worker at Wal-Mart who died, Jdimytai Damour, had no training in crowd control. He was put at the door simply because he was a large man. That did little, apparently, to dissuade the crowd. A lawyer for his family says it is considering a...
The National Bureau of Economic Research makes official what most have suspected for a long time: the U.S. is in a recession. According to the NBER, the U.S. economy officially entered into a recession one year ago. ...
Retailers are facing a tough decision as they suffer through a tough spell. What do you do with the leases you signed already? Do you sell the lease to another retailer? Do you keep paying and operate a losing store? Do you shut the store and keep...
At the helm is President Brett White, a former broker who runs the company from its headquarters in West Los Angeles. "Conditions have deteriorated on a scale and with a speed that no one could have predicted just a few months ago," White said in...
General Growth negotiated a two-week extension in $900 million in loans it had coming due last Friday. It is working to secure a longer extension or else sell the properties. ...
In response to the tragedy last week in which Jdimytai Damour, a Wal-Mart worker in Long Island, was trampled and died on Black Friday, Queens lawmakers are discussing legislation that would mandate retailers (and presumably mall owners) have...
