Some of the entities that financed some of the General Growth Properties' malls want those assets taken out of the REIT's bankruptcy filing. "The legal separation would give the lenders greater control over the fate of the malls and access to all the excess cash they generate," according to Reuters. When...
Another interesting article appeared today on rent relief at shopping centers. Apparently Starbucks has had success in receiving concessions from landlords, in its quest to lower rents by as much as 25% at some of its locations. Additionally, jeweler Zale Corp. earlier this week joined the ranks of retailers...
This article about the health of Simon Property Group in the recession, reveals that the mall owner might consider acquiring some General Growth Properties assets when the latter's bankruptcy proceedings mature. Said CEO David Simon: "I don't think we would be interested in the whole company. They have...
