Retail Receivership Opportunities Slow to Materialize
Retail Receivership Opportunities Slow to Materialize
Mar 09, 2010
As commercial real estate distress continues to mount, dozens of retail real estate firms, including brokers, third-party managers and developers, are jockeying to get a piece of the business. But the assignments so far have been coming in dribs...
Rent Relief Requests Take New Form as Tenants’ Focus Shifts to Long-Term Health
Rent Relief Requests Take New Form as Tenants’ Focus Shifts to Long-Term Health
Mar 09, 2010
As consumers start heading back into stores, retail landlords are finally getting some relief from widespread rent concession requests from struggling tenants, according to industry insiders...
CMBS Delinquencies Jump in January
CMBS Delinquencies Jump in January
Mar 08, 2010
In January, the delinquent unpaid balance for CMBS surged to $45.94 billion from $41.64 billion the month prior, according to Horsham, Pa.-based Realpoint LLC. It was the third straight month when the unpaid balance jumped by more than $3.7...
Inland Acquires $424M Portfolio from Joint Venture
Mar 05, 2010
Inland Real Estate Acquisitions Inc., the purchasing arm of the Inland Real Estate Group of Companies Inc., completed a $424 million acquisition of 16 shopping centers containing 3.5 million square feet, from a joint venture between TIAA-CREF and...
General Growth Gets Extension as Team of Suitors Continues to Grow
Mar 04, 2010
After a hotly contested hearing at the U.S. Bankruptcy Court in New York, Judge Allan Gropper granted Chicago-based REIT General Growth Properties a four-month extension on its exclusivity period to file a reorganization plan, with the right to...
The Mall of America Takes on the Great Recession
The Mall of America Takes on the Great Recession
Mar 02, 2010
It might come as a shock to many mall owners who spent 2009 struggling to reconcile their budgets, but it turned out to be a pretty good year for the Mall of America. The 4.2-million-square-foot Bloomington, Minn.-based behemoth, which boasts 2...
As Tenants Show Resilience, Regional Mall REITs Feel Confidence in the Future
As Tenants Show Resilience, Regional Mall REITs Feel Confidence in the Future
Mar 02, 2010
Regional mall REITs continued to get healthy in the fourth quarter of 2009 with stable sales and improved customer traffic. Given the lingering weaknesses in the economy, most insiders don’t expect rents or occupancy levels to spike significantly...
Federal Prices $150M Notes Offering
Mar 01, 2010
Federal Realty Investment Trust priced a public offering of $150 million of 10-year senior unsecured notes. The 5.90 percent notes are due April 1, 2020 and were offered at 99.812 percent of par...
ON A TEAR
Mar 01, 2010
Retail REITs have been on a hot streak so far in 2010. Many reached new 52-week highs in the last 60 days. Moreover, 52-week lows have begun to reset from the nadirs set last March. Find the REIT scorecard here...
The Unfolding GGP Saga
Mar 01, 2010
The fate of Chicago-based REIT General Growth Properties remains in flux as the major players that will determine its future continue to jockey for position and trade pointed barbs...
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