Pace Properties opened the first phase of Manchester Highlands, a $120 million, 550,000-sq.-ft. shopping center in Manchester, Mo. The rest of the center is scheduled to open in the summer of 2009...
Commercial property managers face pressure to stay ahead of competitors, to grow or diversify their portfolios, to fulfill varying reporting commitments and accounting practices, to satisfy managers, tenants and other stakeholders, to stay abreast...
As major retailers file for bankruptcy and vacate stores, a domino effect is taking hold across the country. Shopping centers are reeling from the loss of income, and some are so hard-hit the owners are handing the keys back to their lenders and...
The Commerce Department reported retail sales in January rose 1.0 percent. That ended a string of six straight months when sales declined. Wall Street analysts had expected sales to drop 0.8 percent so the increase was a pleasant surprise...
Developers Diversified Realty, which has been battling concerns about its debt load, received a cash infusion from abroad. In late February, German investor Alexander Otto purchased 30 million common shares and warrants entitling the Otto family...
Developers Diversified Realty (NYSE: DDR), which has been battling concerns about its debt load, received a cash infusion from abroad. German investor Alexander Otto purchased 30 million common shares and warrants entitling the Otto family to...
The abundant supply of net lease properties for sale is doing little to spark investor enthusiasm. Net lease real estate sales dropped sharply in 2008 with even lower sales predicted for 2009.
A number of factors have stymied deal flow in a mark...
Shopping center REITs posted a lackluster performance in the fourth quarter of 2008 stemming from impairment charges related to abandoned projects, aborted deals and declining land values. Of the 11 REITs reporting, just one, Saul Centers Inc...
