A month after selling a 5.1-million-square-foot chunk from its U.S. portfolio, Centro Properties Group reported that one of its domestic units, Centro NP, experienced a second quarter loss of almost $300 million, rekindling questions about its...
Regional mall REITs posted solid gains in net operating income (NOI) during the second quarter, buoyed by portfolios chock full of creditworthy national tenants...
The economic slowdown has begun to take its toll on shopping center REITs. Retailers are hurting as consumers cut back on spending. Firms are opening fewer stores and increasing store closings. As a result, vacancies adding up and helped drive...
Nearly a year after it began, the credit crunch gripping financial markets is no closer to resolution. The losses are too large for the market to right, says Sam Chandan, chief economist with New York City-based Reis Inc. Already, the credit...
In March on Long Island, N.Y., a man was arrested and removed from a mall when he wouldn't remove an anti-war shirt he was wearing. Now local protest groups have initiated a “Summer 2008 Stop the War Long Island Mall Tour.” So far the protests —...
When the credit crunch first broke in earnest last fall and froze the U.S. commercial mortgage-backed securities (CMBS) market in its tracks, the most bullish prognosticators predicted a mere blip. Many expected issuance in the U.S. to be down...
Location: Surprise, Ariz.
Developers: Westcor, WDP Partners and RED Development
Size: 1.4 million sq. ft.
Anchors: Best Buy, Petco, Target and Wal-Mart, among others
Completion: The first phase will open in the fall of 2009
Buzz: Derived fro...
What happened this summer at the Metrocenter Mall, in Jackson, Miss., was one of the worst nightmares for the center's property manager, Boise, Id.-based Grubb & Ellis Property Management...
