Billionaire investor Sam Zell, sees a U.S. housing market recovery this spring, he said on CNBC on Tuesday. "I think starts have already pretty much bottomed out," Zell said. "I think the housing market this spring will begin its recovery phase."...
L.L. Bean Inc. has announced it will open a store in Chicago this fall. The move marks the first time in 96 years that the outdoor gear and apparel outfitter has expanded its retail outside the Northeast U.S. corridor. The 30,000-square-foot...
Nouriel Roubini's Global Economic Monitor has a post up about the Bust of the Private Equity and LBO Bubble. Registration is required. But it's worth it. Apparently, already seven private equity takeovers have gone bust, include of one retailer...
NREI has a report indicating that CMBS delinquencies aren't yet rising and, in fact, fell in January. There's been a lot of talk in the market about commercial real estate and CMBS being the next shoe to drop in the credit crunch. This data...
Sharper Image Corp., the seller of $300 electric shavers and $1,999 massage chairs, filed for bankruptcy protection after losing money in 11 of the last 13 quarters. The 31-year-old retailer will shed 90 stores while it deals with a ``severe...
Standard & Poor's announced the November results of its S&P/GRA Commercial Real Estate Indices. Retail was down slightly from October to November, but was still up from one year ago. ...
