A novel proposal by Target investor, William Ackman, that the discount retailer sell the land underneath its big boxes and spin off the real estate into the United States's largest REIT has drawn mixed reviews...
The economic slowdown has claimed another high-profile project. Stark Enterprises for years has been pushing a vision for a dramatic revitalization of downtown Cleveland. For now, that vision will have to be pushed back. In November, Robert Stark...
New Hyde Park, N.Y.-based Kimco Realty Corp., one of the largest retail REITs in the country, is making some tweaks to its management structure. Kimco Vice Chairman and Chief Investment Officer David Henry will be the company's president. Milton...
The slowdown in the retail real estate industry is evident in this edition of Retail Traffic's development listings. Many firms have cut 2009 pipelines to the bone and few have plans much beyond that. Respondents were asked to list development...
It seems like not a day goes by without one retailer or another announcing that it is closing stores, declaring bankruptcy or opting to liquidate. In many cases it's the same firms making those same announcements on their grim march to oblivion...
Weingarten Realty Investors and Hines Real Estate Investment Trust, Inc. formed a joint venture in which a subsidiary of Hines REIT will acquire a 70 percent interest in a 1.5-million-square-foot, 12-property portfolio of Weingarten shopping...
Regional mall REITs turned in a solid performance in the third quarter of 2008, amid increasingly grim same-store sales results and reports of crimped consumer spending. Of the seven REITs, three missed analyst’s consensus estimates while the...
Developers Diversified Realty formed a $62 million joint venture with Cole Real Estate Investments, a privately-held real estate investment firm, for the ownership of Independence Commons, a 386,066-square-foot shopping center in Independence, Mo...
