LONDON-This second fund focusing on Europe will primarily invest in distressed properties in France and Germany.

MALVERN, PA-Though the office and industrial REIT turns in a good quarter, CEO Bill Hankowsky sees a 'tough year' ahead fundamentally.

MALVERN, PA-Though the office and industrial REIT turns in a good quarter, CEO Bill Hankowsky sees a 'tough year' ahead fundamentally.

So Macy's has just introduced a detailed new plan that management hopes will "position the company for increased sales, profitability and cash flow," reducing expenses by about $400 million a year. As part of the initiative, the department-store company will lay off about 7,000 positions across its operations,...

We don't see much data out there on the sales figures of Apple Stores. But a Barron's article (via Seeking Alpha) quotes an analyst saying that same-store sales at the computer giant's 250 stores dropped 17.4% year over year in December. We find this odd, considering that in its latest quarter, Apple...

YORK, PA-The layoffs, a reduction of $40 million in capital expenditures and other cuts are expected to save the department-store company $70 million annually; store closures avoided.

Best Buy might look at vacancies left by bankrupt retailers, CEO Brad Anderson told Reuters at the World Economic Forum in Davos, Switzerland. But he did stress that the company is focused on remaining and leery of consumer spending trends. Meanwhile, Best Buy is laying off people at its headquarters,...

SYDNEY, AUSTRALIA-The centers, in states throughout the US, are being acquired at a 12% discount from what Macquarie bought them in 2004.