News
Retailing and Retail Real Estate News
Retail real estate, shopping center, catalog and retailing news for retailers and retail real estate professionals.
Industry Backed Bailout, But Will it Help?
Oct 8, 2008 2:58 PM
After the House of Representatives surprisingly voted down the bailout bill early last week, nearly 20 commercial real estate groups jumped into action...
Could General Growth Be Sold?
Oct 1, 2008 2:37 PM
As the credit crisis drags on, debt-ladened General Growth Properties, the nation’s second largest regional mall REIT, may have no other choice than to sell the company. ...
Lehman, Merrill Commercial Real Estate Assets Expected To Be Sold
Sep 24, 2008 11:14 AM
With the credit markets seized, the avalanche of bad news surrounding investment banking giants Lehman Brothers and Merrill Lynch and insurance provider AIG has caused a state of panic in the commercial real estate industry....
Few Problems Have Emerged Yet in Retail Real Estate Finance
Sep 10, 2008 11:56 AM
The financial sector continues to digest the weekend bailout of Freddie Mac and Fannie Mae. ...
Are Simon and Westfield Competing or Teaming Up in Britain?
Sep 3, 2008 3:33 PM
In recent weeks both Indianapolis-based Simon Property Group and Sydney-based Westfield Group divulged they had taken out significant stakes in Liberty International plc, one of the biggest shopping center owners in the United Kingdom. ...
Centro Takes Another Hit
Aug 27, 2008 12:24 PM
A month after selling a 5.1-million-square-foot chunk from its U.S. portfolio, Centro Properties Group reported that one of its domestic units, Centro NP, experienced a second quarter loss of almost $300 million, rekindling questions about its viability as a going concern. ...
Brokers Search the Depths
Aug 20, 2008 12:34 PM
In the second quarter of 2008, significant retail sales transactions amounted to only $5 billion, according to New York City-based Real Capital Analytics. That represented a 63 percent drop from the second quarter of 2007....
Regional Mall REITs Hold Up Under Pressure
Aug 13, 2008 11:58 AM
Regional mall REITs posted solid gains in net operating income (NOI) during the second quarter, buoyed by portfolios chock full of creditworthy national tenants....
Shopping Center REITs Show Weakness
Aug 6, 2008 1:51 PM
The economic slowdown has begun to take its toll on shopping center REITs. Retailers are hurting as consumers cut back on spending. ...
Retail Construction Hits a Red Light
Jul 30, 2008 1:52 PM
Consumers are checking discretionary spending and, seemingly everyday, new retailers come out with announcements that they are filing for bankruptcy, shuttering stores and constraining expansion plans. ...
Mall Owners Join Retailers to Drive Back-to-School Sales
Jul 23, 2008 2:13 PM
As retailers shift into high gear for the all-important back-to-school shopping season, mall owners and operators looking to boost sales at their centers are riding shot-gun....
Centro Clears Minor Hurdle With First Asset Sale
Jul 16, 2008 1:26 PM
As it continues to wrestle with a mountain of debt, Centro Properties Group, a poster-child of the credit crunch, on Tuesday announced the sale of the first piece of its 106.5-million-square-foot U.S. portfolio...
Starbucks Loses Ground on Real Estate Front
Jul 9, 2008 11:18 AM
The announcement that coffee giant Starbucks plans to close 600 locations--500 more than its CEO Howard Schultz had talked about earlier this year--is unwelcome news for frappuccino lovers, but it’s likely to upset real estate owners and investors even more. ...
Six Months into 2008, the CMBS Market Has Failed to Recover
Jul 2, 2008 11:06 AM
When the credit crunch first broke in earnest last fall and froze the U.S. commercial mortgage-backed securities (CMBS) market in its tracks, the most bullish prognosticators predicted a mere blip. ...
U.S. Retail Store Closures Flirting with Six-Year High
Jun 25, 2008 12:32 PM
Bankrupt home furnishing retailer Linens 'n Things' disclosure this week that it plans to dispose of 120 locations is the latest burst in the retail sector's growing flood of store closings this year that has industry's real estate disposition firms scrambling. ...
