Developers Diversified Realty reached an agreement to sell 13 stabilized assets, comprising 5.9 million square feet of space, to a new joint venture with an unspecified institutional investor for approximately $890 million. According to the terms...
While commercial real estate associations cannot endorse presidential candidates, that isn’t stopping them from monitoring and assessing Sen. John McCain's and Sen. Barack Obama’s prospective economic policies. And by and large, the proposals most...
Equity One, Inc. closed a $227 million unsecured revolving credit facility with Wells Fargo Bank. The new facility has a three-year term with a one-year extension option. In addition, the facility includes an accordion feature under which it can...
Hoping for a quick turnaround in the retail real estate sector? Don’t bet on it. That’s, at least, the opinion of more than 700 commercial real estate experts surveyed for the Urban Land Institute’s and PricewaterhouseCoopers’ annual Emerging...
Cedar Shopping Centers, Inc. completed a $78 million syndicated property-specific construction financing for Upland Square, a 655,000-square-foot shopping center in West Pottsgrove, Pa. The project is a 60/40 joint venture between Cedar and...
As the retail real estate industry awaits the fate of General Growth Properties Inc.—will it be dispositions, a wholesale liquidation, a merger or a miraculous recovery-- the uncomfortable question that arises is whether the drawn out credit...
After the House of Representatives surprisingly voted down the bailout bill early last week, nearly 20 commercial real estate groups jumped into action and began lobbying aggressively to get Congress to pass Treasury Secretary Henry Paulson's...
Regency Centers contributed four properties to its co-investment partnerships. In a transaction valued at $83.4 million, three shopping centers, including John’s Creek Center in Jacksonville, Fla., Signal Hill Shopping Center in Manassas, Va., and...
As the credit crisis drags on, debt-ladened General Growth Properties, the nation’s second largest regional mall REIT, may have no other choice than to sell the company. That move, according to some observers, could even happen before the end of...
CBL & Associates Properties, Inc. secured $288.1 million in new financings and an $85.0 million term loan that will address all of the company’s maturities for 2008. The deals included a $164.0 million 10-year non-recourse loan on Hanes Mall...
