TNP Strategic Retail Trust Inc. entered, through certain of its wholly owned subsidiaries, into a secured revolving credit facility with KeyBank National Association. The facility has an initial aggregate leading commitment of up to $35 million...
Effective Dec. 22, General Growth Properties Inc.’s CEO Adam Metz and President and COO Tom Nolan have left the company. Metz and Nolan led General Growth through a successful reorganization effort from April 2009 through November 2010...
The retail real estate industry will face another slow growth year in 2011, though the pace of store openings will gradually improve throughout the coming months, industry insiders predict.
Given the current brisk pace of holiday sales and avai...
Fifth and Alton, a 180,000 square foot vertical retail shopping center, which includes a 1,081-space municipally operated parking garage, was developed in an urban infill location on a 2.7 acre site, covering an entire city block at the entrance...
Through the third quarter of 2010, retailers closed approximately 4,680 stores, according to ICSC statistics. That puts the industry on pace to surpass 2009’s total of 4,811, but finish below the 2008 peak of 6,913 closings...
The delinquent unpaid balance stands at $61.11 billion out of a total unpaid balance of $750.2 billion The resultant deliquency rate stands at 8.13 percent, beating the previous high of 8.04 percent posted in September. The rate bounced back up...
The overall delinquency rate in November jumped 35 basis points—the largest increase since May 2010. The resultant percentage of loans 30+ days delinquent, in foreclosure or REO is at 8.93 percent, the second highest level after September’s 9.05...
Realpoint’s rate stands at 8.13 percent while Treppl’s rate is 8.93 percent. Realpoint counts $61.11 billion in CMBS loans as delinquent. Of that, $7.97 billion is 30 days past due, $4.09 billion is 60 days past due, $25.56 billion is 90 days past...
