Post Holiday Gift Returns Could Deal Another Blow to Retailers
Jan 06, 2009
Amid a dismal holiday sales season, rife with low shopper traffic and huge markdowns, U.S. retailers might suffer another hit to bottom lines as stretched consumers take advantage of lenient return policies to trade in holiday gifts for cash...
Chart of the Week (1/5)
Chart of the Week (1/5)
Jan 05, 2009
The final numbers for December don’t come out until Thursday. The last pre-Christmas reading was bleak, however. The ICSC-Goldman Sachs chain store sales index for the week ending December 27 declined by 1.5 percent from the prior week, while the...
Looking Back, Looking Forward
Dec 30, 2008
The final numbers aren’t yet in, but there’s little doubt that 2008 was the worst holiday shopping season in a generation, marking an ignoble finish to a dismal year for retail. ICSC warned that same-store sales might be down as much as 2 percent...
Chart of the Week (12/29)
Chart of the Week (12/29)
Dec 29, 2008
According to the September results for the S&P/GRA Commercial Real Estate Indices, commercial real estate prices were down 0.6 percent nationally compared with September 2007, just the second annual decline measured in the 15 years of data in ...
Deal Of The Week (12/23)
Dec 23, 2008
Phillips Edison & Company purchased Silver State Plaza, a 155,647-square-foot shopping center in Reno, Nev., from PacTrust for $14.7 million. The purchase price includes 35 percent equity and 65 percent in debt through a credit facility...
Circuit City’s Failed Auction Indicates Developing Excess Space Glut
Dec 23, 2008
Circuit City’s decision last week to cancel a planned auction of 154 leases due to lack of bidders could be another troublesome milestone for the rapidly deteriorating retail real estate industry. The market for excess space, once seen as a...
Chart of the Week (12/22)
Chart of the Week (12/22)
Dec 22, 2008
PricewaterhouseCoopers' latest Korpacz Real Estate Investor Survey revealed that cap rates continue to creep upward on all property types. Here are the latest stats on the retail sector.
Deal of the Week
Dec 17, 2008
Updated Dec. 18, 10:00 AM. Correction applied to second paragraph. Original version said Faris Lee advised Mervyns ...
PREIT, Cafaro Lend Boscov’s a Helping Hand
Dec 17, 2008
In unorthodox moves, two major retail real estate developers are helping keep Reading, Pa.-based regional department store chain Boscov’s afloat. Cafaro Co. and Pennsylvania REIT, both of which have holdings in the state, gave $30 million to...
Deal of the Week 12/10
Dec 10, 2008
Inland Real Estate Corp. has repurchased $10.5 million in principal amount of its convertible senior notes in a private transaction using available funds on hand. The company’s board of directors has recently authorized a debt repurchase program...
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