General Growth has reached a deal with its lenders to restructure mortgages on 70 malls. It hopes to reach similar agreements on other properties based on this one. It announced the pact during a bankruptcy court hearing. The Wall Street Journal...
Finally, some commentary on commercial real estate that's not all doom and gloom. The important point--there will be stratification. It's not going to be an outright collapse. And REITs look better every day.
This seems to be a bad week to be a developer. At least three major projects around the country might be delayed, for reasons ranging from unfavorable market conditions to disputes over wages for future mall employees. ...
It was a mixed bag today in terms of news for the retail real estat industry. Costco's announcement of its first store in Manhattan was encouraging. Wal-Mart's warning that we might be in for a lackluster holiday shopping season was not. ...
As we head into the all-important November/December shopping season, the stakes are getting high for everyone involved. Some retailers are working on holiday sales strategies that will protect them from taking huge hits on prices, while others are...
PricewaterhouseCoopers and the Urban Land Institute released their Emerging Trends in Real Estate 2010 this morning. They did a media call earlier today. I provided Twitter updates during the call.
Here are some of the key charts in the repor...
Retail Forward, ICSC and Retail Metrics have all crunched the numbers. The verdict: Retailers posted year-over-year same-store sales gains in October for the sector's best single month since April 2008. The one giant caveat to the figures is that...
More people are worrying about commercial real estate. A Reuters piece from earlier this week features comments from Jon Greenlee, associate director of the Fed's Division of Banking Supervision and Regulation. ...
