I've linked to a ton of announcements of retailers closing stores. Here's the first attempt I've seen to put all of the closings into a broader context. ICSC is quoted in this piece. They're saying first quarter closings are up and projecting the...
The owner of the Shops at Atlas Park has a unique solution for boosting the economy. The center is giving away $20,000. It will be giving away some cash in random spots in Queens. The result will be doled out at the shopping center itself to...
Wilsons The Leather Experts Inc. will close the majority of its 260 mall locations and cut more than 1,000 jobs, the clothing retailer said Friday. Wilsons will keep 100 stores open, revamping them under a "Studio" concept focused on fashion...
There's some good news from Australia. Embattled shopping center owner Centro Properties Group has received a two-month extension from its banks to refinance about $3.5 billion in debt. That's a much better outcome than Henry Macklowe is looking...
There's diversification and then there's what the Ghermezian family is doing. The Ghermezians, the clan behind the Triple Five Group that owns the Mall of America and West Edmonton Mall, has formed a pact to find uranium in Canada. ...
A recent report by the Census Bureau showed that spending on commercial construction projects -- hotels, office buildings, hospitals and other nonresidential construction -- was running at a seasonally adjusted annual rate of $671 billion in...
The Wall Street Journal has a story in today's edition on a rise in activist investor involvement in REITs. Specifically, ROCA Real Estate Securities Fund LP has targeted firms like Cedar Shopping Centers and Glimcher Realty and tried to push for...
General Growth has had a presence in Brazil for a while. Now it's looking to get even more aggressive there--where economic growth is expected to remain robust compared to the U.S.--while slowing its development in the U.S. ...
