NEWS: Goodbye Multifamily, Hello Retail
Apr 1, 2003, Steve Lewis
After more than 40 years concentrated in multifamily, Pennsylvania Real Estate Investment Trust (PREIT) is changing its stripes. It is exiting the apartment...
Federal Realty Acquires First Grocery-Anchored Properties in Five Years
Apr 1, 2003, —staff & wire reports
Federal Realty Investment Trust today announced the acquisition of South Valley Shopping Center and Mount Vernon Plaza, adjacent properties located in...
Developers Diversified Completes JDN Acquisition
Mar 13, 2003, —staff & wire reports
Developers Diversified Realty Corporation and JDN Realty Corporation announced today that the merger of Developers Diversified and JDN has been completed....
PREIT Dumps Multifamily to Focus on Retail
Mar 6, 2003, —staff & wire reports
Pennsylvania Real Estate Investment Trust (PREIT) is seizing control of the Philadelphia retail market and selling off its multifamily properties. The...
NEWS: General Growth's Hawaiian Punch
Mar 1, 2003, Brannon Boswell
Honolulu's Ala Moana mall is already known as one of the most profitable shopping centers in the United States, with annual sales per square foot exceeding...
Mills brings its Spanish Xanadu concept to Jersey
Feb 17, 2003, —staff & wire reports
The Mills Corp.’s Meadowlands Xanadu proposal was selected by the New Jersey Sports & Exposition Authority, providing the Xanadu team with the exclusive...
Taubman shareholders wouldn’t go all the way on Valentine’s Day, but Simon is still in hot pursuit
Feb 17, 2003, —staff & wire reports
Valentine’s Day was semi-sweet for Simon Property Group and Westfield America. The two REITs announced today that more than 44 million of Taubman Centers’...
Simon’s Valentine to Taubman: Be Mine
Feb 12, 2003, —staff & wire reports
This Friday is not only Valentine’s Day. It is D-day for the Simon/Westfield bid to take over Taubman Centers. Simon has announced that it will abort...
Simon Nixes Taubman’s Bid for Forum Shops
Feb 11, 2003, —staff & wire reports
Simon Property Group says it will acquire its outside partner’s 42 percent interest in the Forum Shops at Caesar’s Palace in Las Vegas for $174 million....
Simon Says: Occupancy, Rents and FFO Were Up in 2002
Feb 11, 2003, —staff & wire reports
Simon Property Group wowed Wall Street with its 2002 earnings announcement yesterday. The Indianapolis-based REIT reported an 8 percent increase in funds...
