Toronto-based RioCan Real Estate Investment Trust broke off its proposed joint venture with Ramco-Gershenson Properties Trust leaving the Farmington Hills, Mich.-based REIT's president and CEO Dennis Gershenson smarting...
Hypo Real Estate Capital Corp. closed on a $220 million syndication loan for Gateway Center, a to-be-developed 926,180-square-foot retail project at the Bronx Terminal Market in New York City...
In January, embattled Gap CEO Paul Pressler resigned after two years of declining sales that was topped off this past holiday with sales that further fueled speculation the company would be sold...
Lawmakers in Washington are once again pushing a bill that would permanently bar banks from breaking into the real estate brokerage and property management businesses...
The ouster of CEO Paul Pressler at Gap Inc. earlier this week, after another lackluster holiday shopping season, has sparked new speculation among industry observers and analysts about whether the company will be the next retailer to fall in the...
Mills Corp.'s decision to accept a $7.5 billion buyout offer from Toronto-based Brookfield Asset Management Inc., including cash and assumption of debt, came as a March 31 deadline to pay pack a $1.06 billion mortgage loan from lenders represented...
Embattled Mills Corp. today entered into a definitive agreement to be acquired by Canadian-based office owner Brookfield Asset Management Inc. for $7.5 billion, presumably ending a year-long downward spiral that threatened to leave Mills investors...
Canadian REIT RioCan Real Estate Investment Trust’s abrupt termination last week of its proposed joint venture with Ramco-Gershenson Properties Trust has left the American REIT’s president and CEO Dennis Gershenson feeling scorned...
