Ramco-Gershenson and Equity One have been talking since at least late March. In April it nominated two to Ramco's board. Ramco has accepted those nominations and will expand its board in a new proposed slate. ...
In a bit of an upset, William Ackman will not provide DIP financing to General Growth Properties. Instead, the REIT will be financed by Farallon Partners. This is interesting, in part, because Farallon Partners was Simon Property Group's partner...
It seems that analysts have been unable to predict Commerce Department figures accurately recently. In April, sales dropped. Analysts had expected a gain. March figures were also revised downwards. Calculated Risk has a good summary and produced...