Centro Properties Group took the unusual step of asking that trading on its shares be halted after they surged 120 percent on rumors about takeover bids were printed Thursday morning in Australia. ...
It seems an activist fund is making some headway at Dillard's. It owns just more than 5 percent of Dillard's shares. Now it's getting some board seats. Could this mean a sale of the company is brewing? If so, who'd be the buyer? ...
CoStar has up a comprehensive round-up on the state of shopping center development. The company found that 25 million square feet of new centers came online during the quarter--about the same as last year. It's a tiny bit alarming that a wave of...
Macy's CEO Terry Lundgren took a $2.5 million cut in his cash payout in 2007, having collected no bonus in a year when profit and sales both declined. But he did get a bump in salary and almost $700,000 in additional stock incentives for a total...
Well, somebody sees some opportunity to invest in commercial real estate. Blackstone's raised a whopping $10.9 billion to invest--it's biggest fund yet. ...
Centro Properties Group, the Australian property trust seeking to refinance A$4.9 billion ($4.5 billion) of debt, had its biggest three-day gain since January in Sydney trading after a unit was released from a $450 million bond guarantee. Centro...
The retail industry was a major target of private equity buyouts. Those deals came to an abrupt halt with the onset of the credit crisis. At least we haven't seen any $1 billion+ ones. There have been some smaller ones recently. ...
Simon Property Group's Burlington Mall is the filming site for the upcoming Adam Sandler/Kevin James Mall Cop movie (not to be confused with the Jude Apatow/Seth Rogen mall cop vehicle called Observe and Report). ...
