Growing Pains
Sep 1, 2006
General Growth Properties took a surprising dip in the second quarter, posting an $0.11 loss per share. ...
Federal Boston Deals Opens Door for More Mixed-Use
Aug 30, 2006
Federal Realty Investment Trust’s $150 million purchase of three Boston properties from Eastern Development announced on Monday bolsters the Rockville, Md.-based REIT presence in the region. ...
Mills Gets Xanadu Financing But Also Faces Ex-CEO Lawsuit
Aug 24, 2006, By: Elaine Misonzhnik
The Mills Corp. has announced that it has reached an agreement with Colony Capital Acquisitions and Kan Am USA Management to help fund the Meadowlands Xanadu project...
Mills Wild Ride Continues
Aug 16, 2006
Mills’ shares are down 78 percent from last September, when Mills first revealed accounting troubles and an SEC investigation....
Equity One Looks to Make Splash with Leadership Change
Aug 9, 2006
Equity One Inc. has grown to become a safe, reliable REIT in its eight years as a public company through a straightforward strategy of looking for portfolio deals in its core markets, especially in and around Florida. But faced with an increase in property prices, the company is switching gears. ...
Merger Mania
Aug 1, 2006, David Bodamer & Elaine Misonzhnik
REIT buyouts trigger retail real estate pricing concerns....
Vornado's Prize
Aug 1, 2006, Patricia Kirk
Vornado Realty Trust has snapped up a prized historic property in Boston's Downtown Crossing district: Filene's department store. ...
Are Retail Real Estate Prices About to Fall?
Jul 12, 2006
The biggest question emerging from this week’s one-two punch of Centro Properties Group’s proposed buy of Heritage Property Investment Trust and Kimco Realty Corp.’s proposed acquisition of Pan Pacific Retail Properties Inc., for a combined $7.2 billion, is whether the deals signal a cooling in prices for retail real estate. ...
Merger Monday: Heritage, Pan Pacific bought for combined $7.2B; Deals raise pricing questions
Jul 10, 2006
Ending a lull in the retail REIT merger and acquisition market, Kimco Realty Corp. and Centro Properties Group today each announced big deals, with Kimco grabbing West Coast shopping center REIT Pan Pacific Retail Properties Inc. for $4 billion and Centro landing East Coast shopping center REIT Heritage Property Investment Trust for $3.2 billion. What has raised observers’ eyebrows on both deals is that neither Kimco or Centro seems to be paying a premium, which could be a sign that the market for retail real estate is slowing. ...
