The Blackstone Group and Glimcher Realty Trust (NYSE: GRT), announced a partnership for the acquisition and management of two regional malls in a deal worth $320 million. As part of the deal, Blackstone will assume $218 in mortgages on the...
The double whammy of the credit crunch and the recession doomed some of the largest retail property owners in the United States. The most high profile victim has been Chicago-based REIT General Growth Properties Inc., which is now working its way...
For months the specter of the possible bankruptcy of CIT Group Inc., one of the country's largest providers of financing for small and mid-size business, has haunted the retail industry. CIT provides up to 80 percent of the factoring capital used...
According to Horsham, Pa.-based real estate research firm Realpoint LLC, the delinquent unpaid balance for CMBS increased to $31.73 billion in September from $28.16 billion a month prior. The figure marks a 583 percent increase from September 2008...
For retailers, keeping track of real estate commitments and costs is important in any market climate. But given today's challenging environment, having a clear sense of the scope, geographic distribution and performance of each store has become...
It’s not always easy to stand out in the fast-food business, particularly under the shadow of the Golden Arches of industry leader McDonald’s Corp. But that hasn’t stopped burger joints from trying to grab consumers' attention, especially in a...
The decision by investment management firm RREEF to award the property management contract for its retail portfolio to a consortium of professional managers underlines the trend of increasing specialization within the retail real estate industry...
When New York City-based development REIT Vornado Realty Trust bought the 400,000-square-foot Manhattan Mall three years ago, the company had grand plans for the property. Vornado, which owned several million square feet of commercial space in th...
