The Bakersfield Californian reports about an in-progress shopping center development that is stalled because of a foreclosure. This story is interesting, in part, because there have been so few examples of this to date. ...
Despite recent announcements that the chain had seen growth in the last year, reports now indicate that the two Virgin Megatore's in New York will be closing during the first quarter of 2009. Two separate reports informed a Billboard article about...
Same-store sales came in surprisingly strong in May, jumping 3.0 percent. That was less than April's gain of 3.6 percent, but most observers had attributed April's strong numbers to the Easter shift and so it was viewed with caution. So May's...
Shopping mall owner RioCan Real Estate Investment Trust says it has agreed to acquire a 10-property portfolio located in central and eastern Canada in a joint venture deal valued at $156 million. The portfolio will be acquired on a 50-50 basis...
David Simon, CEO of Simon Property Group, doesn't talk to the media much. So this makes for an interesting read. He did an in-depth interview with SmartMoney magazine that you can see here. ...
Shopping centres equivalent to eight Bluewaters are due to open over the course of 2008 and 2009, just as the economy heads into its worst period for more than a decade. A total of 1.25 million sq m will be opened in the next 18 months, the first...
