In his Chairman's Letter as part of Vornado Realty Trust's April 3rd 8-K filing, chairman and CEO Steven Roth provided some interesting thoughts about the retail sector and how things will change because of the current “Great Recession.” Among his...
A subsidiary of Forest City Enterprises Inc. sold the Shops at Grand Avenue, a 100,000-square-foot community shopping center in Queens, N.Y., to an affiliate of AEW Capital Management LP for $33.5 million. The transaction featured a cap rate of...
After opening in 1972, Crossroads Mall was the largest enclosed shopping center in the state of Oklahoma. Today it sits in receivership on the southeastern outskirts of Oklahoma City, a product of lax management and challenging times for the...
A recent spate of stock offerings by some of the retail sector’s stronger REITs points to a possible pick-up in acquisitions going forward, analysts say. Since March 19, more than a quarter of the sector’s 17 REITs conducted stock offerings. Most...
Foresight Analytics and the Mortgage Bankers Association provide a glimpse of the timeline on coming commercial real estate maturities. The high water mark is still a few years away, hitting in 2013. What’s interesting is how over the years the...
Kimco Realty Corp. entered into a $220 million unsecured term loan with a consortium of 12 banks, including the Bank of Nova Scotia, Royal Bank of Canada, PNC Bank, Bank of America, N.A. and Wells Fargo Bank NA, among others. The loan features a...
Most industry insiders agree that revenues from investment sales and new leasing transactions—commercial brokers' bread and butter—will likely continue to fall through 2009. But while 2009 promises to be a tough year for commercial real estate...
