Retail REIT Developers Diversified is now hitting a rough patch. The company briefed the market on the status of $1.7 billion in debt maturing the next two years. The company reported that it has $525 million of financing during the third quarter...
# The yield on 3 month treasuries: 0.93% up from up from 0.72% (BETTER) # The TED spread: 3.04 down from 3.59 yesterday (BETTER) # The two year swap spread from Bloomberg: 111.5 down from 122.2 (BETTER) # Activity in the Treasury's...
What CBL & Associates Properties executive say in this story is true not just of CBL, but of many other retail REITs that have taken a beating in the stock market of late. ...
U.S. electronics retail chain, Circuit City is considering closing at least 150 stores and cutting jobs, the Wall Street Journal said citing people familiar with the company. Earlier this month, the retailer hired Skadden, Arps, Slate, Meagher ...
This isn't something that gets explored often, but it's a good point. This CNN piece talks about how when a mall struggles, it can take a toll on the surrounding community. ...
Raymond James & Associates Inc. analyst Paul Puryear upgraded eight real estate investment trusts today in the belief that the recent sell-off in the sector has been overdone. “Enough, already!” he wrote in a note. “Given our years of real...
Wall Street analysts gave Gap Inc. high marks on its steps to re-ignite its business after meeting with top management Thursday. And while the current consumer spending slump is a big challenge, investors believe that Gap will be well-positioned...
Department store chain Mervyns LLC will announce Friday that it is filing for chapter 7 bankruptcy protection — which means the Hayward-based retailer must shut its doors and liquidate its inventory, sources told CBS 5. Over the summer, Mervyns...
After two days of heavy sell-offs, many retail REITs made strong recoveries today. CapLease was up 12.8 percent. Realty Income was up 11.9 percent. Simon Property Group was up 9.4 percent. ...
