PASSCO completed what it calls the largest tenant-in-common transaction in history, valued at $148 million. The Santa Ana, Calif.-based real estate investment firm created a pool of 36 investors, the largest number ever to join a tenant-in-common...
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A delayed earnings announcement was all it took to get Wall Street tongues wagging. Now, they’re saying PREIT has probably acquired Johnstown, Pa.-based Crown American Realty Trust and is putting off its quarterly report as it is updated to...
Could The Rouse Co. step in and save Taubman Centers from the jaws of Simon Property Group? A recent court ruling makes the possibility as viable as any other outcome, Wall Street analysts are saying...
Gap Inc. saw another important management shift yesterday with the resignation of Maureen Chiquet, president of the retailer’s $1.9 billion Banana Republic division. Unfettered by any employment contract to Gap, Chiquet is assuming the president...
Will it be L.A.’s Del Amo Fashion Center or San Francisco’s Great Mall of the Bay Area? Real estate execs are wondering which of the two California properties is about to fall into Mills Corp.’s portfolio. On Friday, the Arlington, Va.-based REIT...
Vans is entering into negotiations with its landlords for lease terminations or rent reductions related to its 11 skateparks, three of which are owned by Mills Corp., two by Simon Property Group, one by PREIT and one by Belz...
Both sides are saying they won, but Wall Street analysts are still unsure whether Indianapolis-based Simon now has the upper hand in its hostile takeover bid for Bloomfield Hills, Mich.-based Taubman. Yesterday, Michigan District Court Judge...
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There's an old saying that no job is tougher than the one you take for granted. That could certainly be said about SNDAs and estoppels, two mainstay documents of lease administration that are all-too-frequently overlooked...
