In mid-September, David Simon was interviewed on Bloomberg and the segment included a couple of choice tidbits. For one thing, Simon predicted prices for malls would end up around where they were in 2003 and 2004 when everything is all settled...
Glimcher Realty trust entered into an agreement to sell its Lloyd Center regional mall in Portland, Ore. to Merlone Geier Partners IX LP. Merlone will pay $192 million, which includes assumption of the $127.5 million mortgage on the property...
Is it safe to open our eyes now? It's been a terrifying run for the past 12 months, ever since the amazing weekend when Lehman Brothers went belly up and Bank of America swallowed Merrill Lynch. In the aftermath, the bottom fell out in a big way...
Larken Associates will renovate Echo Plaza Shopping Center, a 66,000-sq.-ft. retail complex in Springfield, N.J. The project will include a new exterior façade and roof, tenant signage, marquee sign and landscaping...
The 52-week high for every REIT reset lower in the last 30 days. That makes falls from 52-week highs look better. The rise in prices also leaves firms well above 52-week lows...
