Retail
Economy Watch: Retail Sales Bounce Upward
What snowpocalypse? The American consumer shrugged off the snows of February and went shopping in considerable numbers last month according to a number of retail surveys.
General Growth Gets Extension to File Reorganization Plan
General Growth Properties has been granted an extension of the exclusivity period during which they may file a plan of reorganization.
Inland Western Leases 316,050 SF of Big-Box Space
Oak Brook, Ill.-based Inland Western Retail Real Estate Trust has signed 10 new leases totaling 316,050 square feet of big-box space since November 2009.
General Growth Plans Return to NYSE
General Growth Properties is looking to get back to where it once belonged.
Public Tiff Between Simon and GGP Continues with Statements on New $2.5B Bid
It all seemed to have started out innocently enough, with Indianapolis-headquartered Simon Property Group Inc.’s $10 billion cash offer on February 8 to buy beleaguered Chicago-based General Growth Properties Inc. But now it’s turned into a written war of words.
Hines Nabs Tenant for an Entire 112,800-SF Building at its New Office Complex in Madrid
U.S. office property owners with international portfolios have been assaulted by high vacancy rates at home and abroad, so Houston-based Hines’ latest news out of its Madrid office is no small matter.
Jones Apparel Plans Closure of 165 Stores
In a statement that categorized an 8 percent decline in fourth-quarter revenues as “anticipated and reflective of the overall economic conditions that continue to affect retail sales in general”, New York-based Jones Apparel Group announced that they will be closing 165 locations this year.
Economy Watch: Baby Steps Toward Higher Interest Rates
Is the Federal Reserve taking baby steps back to a more historically normal monetary policy? That is, toward an eventual broader hike in interest rates?
GGP to Simon: $10B Offer ‘Not Sufficient’
General Growth Properties has a message for fellow mall operator Simon Property Group: Thanks, but you’ve got competition.
Simon Makes $10B Bid for GGP
As troubled shopping-mall REIT General Growth Properties struggles to regain its footing after bankruptcy reorganization, a possible buyer has emerged in the form of fellow mall owner Simon Property Group.