REIT Executive Pay Surpasses Pre-Recession Levels
Jul 06, 2011
The strong performance of real estate investment trusts (REITs) since the recession has buoyed executive compensation at those firms to levels not seen since before the economic crash of 2007, according to Baltimore-based researcher FTI Consulting...
PREIT Amends, Extends Credit Facility
Jul 05, 2011
Pennsylvania Real Estate Investment Trust has amended and extended its 2010 credit facility with its bank group, led by Wells Fargo Bank, and refinanced the mortgage loans on two power center properties...
Real Estate Academic Sam Chandan Launches New Research Firm
Jun 30, 2011
Sam Chandan, PhD launched Chandan Economics, a new commercial real estate research firm. The firm will provide analysis of the economy and financial markets and their relationship to commercial real estate...
Best Buy Pares Space As Internet Rattles Big-Box Stores
Jun 29, 2011
When Circuit City began liquidating $1.3 billion in merchandise in early 2009, market observers declared that Best Buy’s long-term growth prospects never looked better...
Outlet Growth, International Expansion Put Gap Inc. on the Right Track
Outlet Growth, International Expansion Put Gap Inc. on the Right Track
Jun 29, 2011
After a few tough years, Gap Inc. may have found the right turnaround strategy. Gap’s plan, as was laid out by CEO Glenn Murphy during the firm’s first quarter earnings call in May, is to concentrate on its value-based businesses (including its ...
Westwood Financial Snatches Up Small, Distressed Retail Centers
Westwood Financial Snatches Up Small, Distressed Retail Centers
Jun 28, 2011
Last week, Los Angeles-based Westwood Financial Corp. announced it had acquired the 6,336-square-foot Stroh Ranch Retail Center in Parker, Colo. The center — 21 percent leased at the time of the deal — is emblematic of the type of property that W...
SADI 2010 – Smoke Tree Commons
Jun 27, 2011
SADI 2010 – Smoke Tree Commons Credits
Jun 27, 2011
The local environment inspired architect James Cioffi to conceive a design for the 175,000-square-foot Smoke Tree Commons community/power center that fits into the context of Palm Springs, Calif., and meet the needs of tenants and customers alike...
Donahue Schriber Refinances $248.5M Portfolio
Jun 27, 2011
Costa Mesa-based shopping center developer Donahue Schriber announced the completion of a successful $248.5 million refinancing of a cross-collateralized portfolio of 10 retail properties: nine in California and one in Nevada...
Expansion, Renovations Planned at Florida’s Sawgrass Mills
Jun 24, 2011
Simon Property Group will build a 40,000-square-foot addition to The Colonnade Outlets at Sawgrass Mills in Sunrise, Fla. The expansion will comprise more than 20 new stores, including Tory Burch, Under Armour Factory House, DKNY Company Store...
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