The big news for Richmond-based Circuit City was the company's decision to liquidate its remaining 687 stores following a dismal holiday shopping season. But weeks before that, the electronics seller had a lower-profile setback that could have...
Parmenter Realty Partners and Evans & Dew Real Estate broke ground for the Shoppes at Warren Place a 60,000-sq.-ft. open-air retail center in Tulsa, Okla. Ground-breaking is planned for the summer of 2009...
On Black Friday, Jdimytai Damour, a temporary worker at Wal-Mart in Valley Stream, N.Y., was crushed by a crowd of an estimated 2,000 shoppers during the store's doorbuster sale while he tried to shield a pregnant woman from the mob. The crowd did...
Cedar Shopping Centers, Inc. extended its $300 million secured revolving credit facility through January 2010. The facility, which currently has approximately $42 million remaining, can be expanded to $400 million...
In unorthodox moves, two major retail real estate developers are helping keep Reading, Pa.-based regional department store chain Boscov's afloat. Cafaro Co. and Pennsylvania REIT, both of which have holdings in the state, gave $30 million to...
In an industry that has been flooded with an avalanche of bad news in the past 12 months, including sales declines, store closings and stalled or scrapped projects, the outlet center sector provides one of the few beacons of hope...
It seems after years of shopping at generic retail venues populated by the same national brands, American consumers are becoming more discriminating about what they consider an inviting retail environment. Two recent studies, conducted with the...
With a series of small announcements, embattled regional mall REIT General Growth Properties Inc. little by little got its house in order as a Feb. 12 loan extension deadline approaches. On Jan. 5, the troubled Chicago-based owner of a 180-million...
The American Institute of Architects looked at forecasts from five sources to arrive at a consensus forecast for nonresidential construction in 2009 and 2010. The downturn in the economy will translate into a steep drop for the nonresidential...
