REIT Week Attendees Expect Tough Times Ahead
Jun 11, 2008
The U.S. commercial property market will avoid the massive troubles crippling the single-family housing sector but will face hard times in the coming year, according to presenters at NAREIT’s annual REIT Week conference that took place in New York City from June 4 to June 6....
Centro is Thrown a Lifeline
Jun 4, 2008
Struggling shopping center operator Centro Properties Group, one of the most high-profile victims of the credit crunch, remains afloat as its creditors this week extended the Melbourne-based listed property trust a lifeline by giving the firm a six-month extension to pay down $2.5 billion in debt. It now has until December 15 to come up with the funds. ...
CASHING IN ON GROCERS
Jun 1, 2008, Elaine Misonzhnik
The consumer's unwavering demand for necessities drove shopping center REITs into positive territory while miserly purchases of discretionary items such...
In The Pipeline
Jun 1, 2008
After 15 years of waiting, Westcor, a subsidiary of Santa Monica, Calif.-based Macerich Company, is finally about to start work on the Palisene, a proposed...
International Flavor
Jun 1, 2008
Bloomfield Hills, Mich.-based Taubman Centers, Inc., has been quietly assembling the pieces for Songdo City Shopping Center in Incheon, South Korea. In...
Strong Grocery, Drugstore Sales Buoy Shopping Center REITs
May 15, 2008
Consumers spending on staples and necessities buoyed shopping center REITs during the first quarter. ...
Mall REITs Stall on Slowdown in Consumer Spending
May 7, 2008, Elaine Misonzhnik
Consumers' tightened purse strings constricted regional mall REIT performance in the first quarter. With six of the eight regional mall REITs reporting results so far...
UNUSUAL PAIRINGS
Apr 1, 2008, Elaine Misonzhnik
Just because it's difficult to borrow money doesn't mean development plans need to come to a halt. In fact, the credit crunch and the resultant drop in...
Credit Squeeze Forges Some Atypical Unions
Mar 19, 2008
Just because it's difficult to borrow money doesn't mean development plans need to come to a halt....
CHUGGING ALONG
Mar 1, 2008, Elaine Misonzhnik
Conservative balance sheets provided a lift for high-flying shopping center REITs in 2007. Through Feb. 21, 10 of the 14 shopping center REITs had reported...
