Simon Property Group says it will acquire its outside partner’s 42 percent interest in the Forum Shops at Caesar’s Palace in Las Vegas for $174 million. Greenwhich, Conn.-based The Gordon Group, Simon’s outside partner in the center, announced in...
Simon Property Group wowed Wall Street with its 2002 earnings announcement yesterday. The Indianapolis-based REIT reported an 8 percent increase in funds from operations (FFO) per share, driven by its $1.6 billion acquisition of Rodamco North...
Insignia Financial Group (parent company of brokerage Insignia/ESG) has issued a statement today acknowledging that it has held merger discussions with CB Richard Ellis. However, the statement emphasized that there is "no assurance that the...
Forest City Enterprises, the developer of the 835 Market Street project in downtown San Francisco, and Westfield America (ASX: WFA), the owner of the San Francisco Centre, today announced a business agreement to integrate, develop and market the...
In its largest urban redevelopment effort and investment to date, San Francisco-based real estate investment management firm MacFarlane Partners will spend as much as $500 million to buy retail and office space in the $1.7 billion AOL Time Warner...
The International Council of Shopping Centers (ICSC) announced today that Kathleen Nelson, managing director/group leader for the mortgage and real estate division of Teachers Insurance and Annuity Association-College Retirement Equities Fund ...
The good news is that the U.S. economy grew at a modest 2.8% clip in 2002, up significantly from the paltry 0.1% growth in Gross Domestic Product (GDP) the prior year. The bad news is 100,000 jobs nationally were wiped out last year, resulting in...
This past holiday season, mall common areas were, as usual, filled with the carts and kiosks of local retailers — the mom-and-pop t-shirt, hair accessory and sunglass vendors who have always dominated specialty leasing. But there was something new...
Not one to be undersold, Wal-Mart wants to break into the dollar-store market. The retailer has been testing a $1 merchandise section called “Hey Buck” in some of its stores. After disappointing early results, however, the retailer is rethinking...
Randall Zisler and Bart Steinfeld have been named to head Chicago-based Jones Lang LaSalle's new U.S. Real Estate Investment Banking Group. Steinfeld and Zisler, both founders of New York-based investment banking firm Apogee Associates, will be...
