Chattanooga-based mall REIT CBL & Associates Properties, Inc. is making its first foray overseas with an investment in the subsidiaries of the Jinsheng Group, a Nanjing, China-based shopping center developer. CBL is entering the venture in...
After the holiday sales are over and year-end earnings tallied, veterans of retail real estate brace for the first-quarter fallout. This is the time of year when retailers that didn’t hit their targets announce bankruptcies and store closings. It...
In case you’re keeping score, the retail REIT deal book just popped over $20 billion. Three weeks after Simon Property Group reached a deal to buy Mills Corp. for $7.9 billion and the same day Developers Diversified Realty Corp. closed on its...
It sounds like a broken record. Every six-to-12 months REIT stocks seem to hit a new high and outperform broader indices and observers and analysts ask the question: “Are REITs overvalued?” ...
In perhaps the deadliest incident ever at a U.S. mall, six people were killed Monday at Trolley Square, a 239,000-square-foot mall in Salt Lake City owned and managed by real estate investment firm ScanlanKemperBard (SKB) Companies...
After struggling for a year to find a buyer, Mills Corp. on Tuesday moved closer to accepting its second buyout offer in less than four weeks. The Chevy Chase, Md.-based company’s board determined that Simon Property Group’s and Farallon Capital...
Improved fundamentals, a cache of capital and continued innovation in capital markets have converged this year to create a "perfect calm" for commercial real estate financiers...
All last summer, Mills Corp. languished, unable to attract a buyer to pull the troubled mall developer from the edge of bankruptcy. Finally, in January, by which time the company faced an urgent need for working capital, it nailed down a $7.5...
For now, the bulk of Prudential Financial Inc.'s commercial mortgage holdings remain on its books, but the day is fast approaching when that won't be the case...
