While "traditional" developers all over the place are cutting back the development plans, grocer Safeway has decided to get into the shopping-center building enterprise, a Reuters report says. The supermarket operator has 36 developments underway, and Chairman and CEO Steve Burd says there are "pretty...
Sorry to some, though....it's not clips from their fashion show. It's just a walk-through of their new Manhattan store on Lexington Avenue. (Actually, we just wanted to see how many people would click on this to break up the doom and gloom a bit.)
Though most accounts considered Black Friday's retail sales a success, the holiday-shopping day is not likely to save November's sales results, according to at least one report. In fact, Thomson Reuters is expecting a 2.5% same-store sales drop to come in from last month, the worst period since the organizations...
After proposing that Target's real estate gets folded into a REIT and getting rejected, Pershing Square Capital Management has now turned its sights to General Growth Properties. The website-less fund, managed by William Ackman, has now apparently acquired a 20% interest in the mall owner. In a Bloomberg...