Dollar General here said Tuesday that it would open 450 new stores this fiscal year, more than doubling last year's total of 207 new store openings. The company will also remodel or relocate approximately 400 stores this year, about the same as in...
It looks like the work the commercial real estate groups did has paid off. Square Feet has pointed out that the new Term Asset-Backed Securities Loan Facility has language in it explicitly including commercial mortgage-backed securities. ...
Last week Moody's Investors Service announced it was mounting an effort to review its ratings on $300 billion in CMBS bonds. It has now downgraded $6.2 billion in bonds as a result of these ongoing efforts. ...
Citing the need for new investment to boost the sagging local economy, Wal-Mart is preparing to launch a new push for approval of as many as five new stores in Chicago, sources said Thursday. There is just one Wal-Mart in Chicago as organized...
With the report of a weak fourth quarter and fiscal year, women's apparel cataloger/retailer The Talbots on Feb. 5 said it will lay off about 370 employees and close 20 of its stores. The layoffs, which are expected to save the company about $22...
U.S. mall owners General Growth Properties Inc., Kite Realty Group Trust and Macerich Co., faced with rising vacancy rates in the recession, are being forced to accept lower rents from their remaining tenants. Real estate investment trusts that...
Two more retailers have opted for Chapter 11. The New York Post reports on Fortunoff's decision while our sister publication Supermarket News provides the update on regional grocer Bruno's. Fortunoff seems like a possible liquidation candidate...
Madison Marquette has published a detailed look at the possible fallout of distressed retail real estate assets at 63 markets across the country. The company joins Real Capital Analytics, which is ...
