As Arizona’s Senate Bill 1070 (SB 1070) went into effect on July 29, local media outlets predicted Armageddon for the state’s retail businesses. SB 1070, otherwise known as the Support Our Law Enforcement and Safe Neighborhood Act, attempts to di...
Developers Diversified Realty Corp. originated a $31.7 million mezzanine loan to a subsidiary of EDT Retail Trust secured by equity interests in six prime shopping center assets owned by EDT and managed and leased by DDR...
Real estate could be the secret ingredient in private equity firm 3G Capital Management’s recipe for generating returns on its surprise $3.3 billion acquisition of Burger King.
Private equity firms have long opted to buy struggling retail compa...
Delinquencies on CMBS loans continued their upward climb in recent months, according to the most recent reports from Trepp LLC and Realpoint LLC, two research firms that track the sector. But the signs continue to indicate that the CMBS market may...
Over the past two years, Jones Lang LaSalle Retail, a giant in the third-party management business, has encountered a wide range of distressed assets. From April 2009 to April 2010, its U.S. retail portfolio under management rose from 57.8 million...
Glimcher Realty Trust has agreed to purchase the land for all three phases of its Scottsdale Quarter development project in Scottsdale, Ariz., from affiliates of existing joint venture partners, Wolff Co. and Vanguard City Home, for approximately ...
Century 21, a high-end discount department store, has signed a lease with Millenium Partners for a 61,000-square-foot space on Broadway and 66 Street in New York City. This will be Century 21’s second location in Manhattan and sixth location...
Proposed new accounting standards have been drafted in order to push lease liabilities back onto corporate balance sheets. Such a change would represent a major shift for companies that have typically favored the off-balance-sheet treatment of...
