Forest City Enterprises Inc. (NYSE: FCE.A and NYCE: FCE.B) provided a progress update on getting its balance sheet in order. The company has made progress on modifying and renewing a $750 million revolving credit facility and lined up other...
Average retail cap rates increased 59 basis points in the third quarter of 2009 to 8.71 percent, based on CBRE’s Valuation & Advisory Services (VAS) database. The 59 basis point gain is the largest quarterly increase the company has ever measured...
For months, the buzz has been that commercial real estate—with $3.4 trillion in outstanding debt, $1.4 trillion of which is coming due by the end of 2012—would precipitate the next leg in the credit crisis and possibly derail the broader economic...
Real Capital Analytics recently released a report that highlights recovery rates on defaulted commercial mortgages to date in 2009. Despite the retail industry’s poor health and the fact that retail properties have among the highest default rates...
WP Realty Inc. recently closed on its newest equity fund, WP Real Estate Fund V L.P. The fund secured commitments of approximately $120 million of equity, which will enable WP Realty to acquire upwards of $400 million of real estate. This is the...
In the current retail environment—with sagging sales, shuttered stores and the occasional bankruptcy—cost-cutting has become a must. Retailers are employing all sorts of strategies to reduce expenditures, including reducing head count, cutting...
Among the few bright notes for retail real estate professionals in this year of bad news has been the fact that, contrary to expectations, store closings never reached Armageddon-like levels many were predicting. In fact, in the first half of 2009...
Developers Diversified Realty Corp. (NYSE: DDR) announced today that it has obtained new first mortgage financing from Goldman Sachs Commercial Mortgage Capital L.P., an affiliate of Goldman, Sachs & Co. The $400 million, five-year loan is...
