Further Down the Spiral
Feb 1, 2006, David Bodamer
Mills Corp.'s situation continues to rapidly deteriorate, even in the face of sweeping changes senior management put in place in response to a series...
Mega-Albertson's Deal Redraws Industry Map
Jan 25, 2006
Just as the Sears/Kmart and Federated/May mergers underscored the diminishing role of department stores (and therefore danger signs for the traditional mall), the proposed $17.4 billion buyout and break up of Albertson's Inc., has similar implications for strip centers. Moreover, the presence of Kimco Realty Corp. in the deal continues a company trend in profiting from a distressed retailer's real estate. ...
Private Equity Firms Likely Buyers for Lord & Taylor, Parisian
Jan 19, 2006
It's that time of year again, when, following the success or failure of the critical holiday season, retailers evaluate their future strategies. That often leads to big changes and this year is no exception: Saks Inc. and Federated Department Stores Inc. both have decided to lighten their loads, putting the Parisian and Lord & Taylor chains, respectively, up for sale. ...
Glimcher, Oxford Properties Ring In New Year With Joint Venture
Jan 5, 2006
The New Year started with the continuation of one of 2005's biggest trends as Columbus, Ohio-based Glimcher Realty Trust became the latest U.S. REIT to pair up with a foreign pension fund. Unlike its cohorts, however, Glimcher didn't look down under to Australia. Instead, it tapped the Great White North and has partnered with Oxford Properties Group, a real estate company owned by the Ontario (Canada) Municipal Employees Retirement System (OMERS). ...
Fair Play
Jan 1, 2006, David Bodamer
Head honchos at retail REITs have largely sat back and delivered huge returns to their shareholders without richly compensating themselves according to...
DDR Eyes China
Dec 1, 2005, David Koch
The untapped East has one more shopping center REIT under its spell. Developers Diversified Realty is exploring opportunities in China, where Simon Property...
Mills Takes A Spill
Dec 1, 2005, David Bodamer
Mills Corp. stunned the industry in early November when it rescheduled its third-quarter earnings call only to come back and report that it had missed...
Queasy Rider
Dec 1, 2005, By David Bodamer
Fasten your seat belts. It's about to be a bumpy year Real estate developers have been operating on cruise control for five years, raking in money without...
A Post-Halloween Horror Show at Mills
Nov 3, 2005
Mills Corp. played the role of Michael Myers this Halloween, shocking investors and analysts by postponing its third quarter earnings report and warning that when the numbers emerge they will be "substantially below expectations." ...
Insiders Outed
Nov 1, 2005
In the third quarter, insiders sales volume at REITs was over $150 million for the fourth consecutive quarter. For the year, insider sales are up 60 percent...
