As General Growth Properties executives laid out the company's initial restructuring plan last week, they continually emphasized they were not prepared to dismantle the firm's portfolio. General Growth president and COO Tom Nolan stressed that the...
With General Growth filing for bankruptcy last week, analysts and researchers are taking a fresh look at the firm. For example, Real Estate Economics took a snapshot of General Growth’s portfolio to show the top 10 markets where it owns malls...
As part of General Growth Properties' bankruptcy filing, the company secured a $375 million debtor-in-possession (DIP) loan from Pershing Square Capital Management, L.P., a New York City-based hedge fund. Pershing Square already owns 7.4 percent...
In a largely anticipated move, giant mall REIT General Growth Properties filed for Chapter 11 bankruptcy this morning. The REIT had been struggling for more than a year to secure extensions or line up refinancing for the more than $27.3 billion in...
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 Chuck Fallon, the president for North America at Burger King Corp., who explai...
Same-store sales in March fell 2.1 percent according to ICSC. Retail Forward, meanwhile, reported same-store sales were down 0.8 percent. That came after February same-store sales dropped 0.1 percent compared with last year according to ICSC...
As the site selection industry matures, the services its member firms provide are growing in scope and complexity. For example, Buxton, a Fort Worth, Texas-based provider of customer analytics, has always tried to accommodate retail clients...
While Retail Traffic's annual Top Owners and Managers survey revealed that the amount of space held by the 100 largest retail property owners in the country at the end of 2008 remained largely identical to 2007, at 2.1 billion square feet, there...
Reis Inc.’s preliminary look at neighborhood and community centers reveals a grim picture. During the first quarter, such properties experienced negative absorption of 8.7 million square feet—more than the entire year of 2008 combined. It is the...