In light of the debt troubles at Centro Properties Group, General Growth Properties has become the subject of rumors that it too would have problems refinancing its debt. As a result, its stock price has plummeted. But the company responded to...
A slowing economy, declining property values and frozen credit markets were supposed to mean that this would be a year of one-off deals. But there could be at least one REIT merger in the works. Late last week, Inland American Real Estate Trust...
When Kmart Holding Corp. announced its plans to acquire Sears, Roebuck and Co. in late 2004 to form Sears Holding Corp., there was some speculation at the time that the deal was purely a real estate play and that both the Kmart and Sears names...
With a Feb. 15 deadline to pay off or refinance $3.5 billion in short-term debt exactly one month away, embroiled Australian listed property trust Centro Properties Group made a sudden change at the top. CEO Andrew Scott stepped aside on Tuesday...
South Beach, Fla. -- The Commercial Mortgage Securities Association held its annual Investors Conference this week in South Beach, Fla., at a particularly precarious moment. Credit markets remain locked up, which has turned the previous deluge of...
Retailers pulled out all the stops during the days before Christmas by extending hours, upping promotions and doing everything they could think of to spur one last spending blitz from stretched U.S. consumers. The official numbers won't be known...
The credit crunch has had a profound chilling effect on investment for much of the retail real estate sector. When the crisis first began, players in the net lease market — where top-notch credit tenants pay most of the expenses associated...
Back when new development was proceeding at a fever pitch, entrepreneurial investors snatched up land parcels in areas poised for future growth. With land values increasing sharply in a matter of months, investors steeped in this practice — called...
