Simon Sells $500M in Senior Notes
Aug 10, 2009
Simon Property Group Inc.'s (NYSE: SPG) majority-owned partnership subsidiary, Simon Property Group, L.P., has agreed to sell $500 million aggregate principal amount of its 6.75 percent senior unsecured notes due 2014 in an underwritten offering...
Suburban Blues Not Over For Florida Markets
Aug 05, 2009
"Fortunately, our centers are not in Florida," has been a sentiment expressed quite often by retail real estate executives in the past two years. During this downturn, Florida, along with Nevada and Arizona, has served as the epicenter of the...
Mall Marketing Managers Shift Emphasis from Driving Traffic to Generating Sales
Mall Marketing Managers Shift Emphasis from Driving Traffic to Generating Sales
Aug 04, 2009
(This is the first of a two-part look at mall marketing efforts. This feature looks at what marketing managers are doing inside properties. A second story will examine how companies are embracing social networking and other online technologies to...
Shopping Center REITs Address Liquidity Concerns and Land on Firmer Ground in Second Quarter
Shopping Center REITs Address Liquidity Concerns and Land on Firmer Ground in Second Quarter
Aug 04, 2009
Shopping center REITs are posting solid performances for the second quarter of the year and have shown a marked improvement in leverage levels—the main area of concern for analysts over the past 24 months...
CMBS Delinquencies Jump Again
CMBS Delinquencies Jump Again
Aug 03, 2009
According to Realpoint LLC's Monthly Delinquency Report, the delinquent unpaid balance for CMBS increased by a substantial $9.87 billion in June, up to a trailing 12-month high of $28.65 billion. Overall, the delinquent unpaid balance grew for the...
Macerich Forms Joint Venture with Cadillac Fairview
Aug 03, 2009
The Macerich Partnership, L.P., the operating partnership of Macerich (NYSE: MAC) and long-time partner Cadillac Fairview Corp. Ltd. announced a joint venture for Macerich's 966,499-square-foot Queens Center in Queens, N.Y...
Owners need retailer commitments and deep pockets to redevelop centers
Owners need retailer commitments and deep pockets to redevelop centers
Jul 28, 2009
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Panel: Government Programs Need More Time and Details to Help Commercial Real Estate
Jul 28, 2009
With Developers Diversified Realty making official its plans to raise up to $700 million in CMBS financing through the government-sponsored Term Asset-Backed Securities Loan Facility (TALF) program, it seems the Obama administration's efforts to...
Retailers Looking to Expand
Retailers Looking to Expand
Jul 28, 2009
RBC Capital Markets, along with Retail Lease Trac, has begun to track retailer store opening plans for as many companies for which the firms can compile data. The research shows that the 2,000 retailers the firms are tracking plan to open 64,926...
Pressured By Debt, Macquarie Sells Most U.S. Assets
Jul 23, 2009
Macquarie CountryWide Trust of Australia entered a definitive agreement to sell a majority interest in an 11.5-million-square-foot U.S. retail portfolio to Global Retail Investors, LLC, a joint venture of First Washington Realty, Inc. and...
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