7-Eleven Poised to Take Bigger Gulp of North American Market
Jun 24, 2009
Each month, Site Optimizer will discuss industry trends — most importantly, leasing issues—with experts in the retail real estate industry. This month, we spoke with Dan Porter, senior vice president of real estate and new store development at 7...
Mapping Analytics Charts New Territory For Landlords
Jun 24, 2009
As the retail real estate industry struggles with a severe downturn, industry insiders have been repeating the comforting adage that challenging times can breed new opportunities. Some have been looking at combining their core business with more...
Funding Demand From REITs Might Spur Interest In TALF For New Loans
Jun 23, 2009
News that Developers Diversified Realty, one of the largest REITs in the retail sector, is considering using the Term Asset-Backed Securities Loan Facility (TALF) program to secure up to $600 million in loans might help the program gain popularity...
Private Equity takes a Breather from Retail Buyouts
Private Equity takes a Breather from Retail Buyouts
Jun 23, 2009
In the heady days of the boom, private equity takeovers of retailers became a regular occurrence. Between 2006 and 2007, there were 91 leveraged buyouts of retailers in the U.S., totaling more than $48 billion, according to Dealogic. But the...
Developers of Mixed-Use Projects Remain Committed to Hotels
Developers of Mixed-Use Projects Remain Committed to Hotels
Jun 22, 2009
When developers of mixed-use projects started adding hotels into the mix about five years ago, the idea seemed like a partnership made in heaven. Retail centers and hotels complement each other by generating new business and traffic. Having a ho...
Syms, Vornado Acquire Up Filene’s Empire
Jun 18, 2009
Apparel seller Syms Corp. and Vornado Realty Trust won the bankruptcy court auction for off-price retailer Filene’s Basement this week. Syms and Vornado agreed to pay $62.4 million in cash for the chain...
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Jun 17, 2009
Weak May Sales Numbers Damage Notion of "Green Shoots"
Jun 16, 2009
May's retail sales numbers might disappoint those who hoped the current downturn is nearing an end, industry experts say. Although the U.S. Department of Commerce reported a seasonally adjusted 0.5 percent preliminary increase in total retail...
Same-Store Sales Numbers Dip Without Wal-Mart’s Contributions
Same-Store Sales Numbers Dip Without Wal-Mart’s Contributions
Jun 15, 2009
May marked the first month that retailers reported same-store sales since Wal-Mart opted to stop reporting monthly numbers. Wal-Mart in recent years has often outperformed the competition and its weight in the index is such that a good or bad...
Prudential Finances Weingarten Property
Jun 11, 2009
Prudential Mortgage Capital Co. closed a $103 million loan for a portfolio of properties owned by Weingarten Realty Investors (NYSE: WRI). The portfolio totals more than 881,000 square feet of space and includes properties constructed between 1966...
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