NEW YORK CITY-REITs raised plenty of money in anticipation that a flood of distressed assets would hit the market, but that's not happening, says the <i>Wall Street Journal</i>.
NEW YORK CITY-Barry LePatner, the head of Barry B. LePatner & Associates LLP, talks with GlobeSt.com's John Salustri about problems in the construction industry.
NEW YORK CITY-Barry LePatner, the head of Barry B. LePatner & Associates LLP, talks with GlobeSt.com's John Salustri about problems in the construction industry.
Movie Gallery might file bankruptcy this week and could end up as one of the first big chains to close massive amount of stores. According to the Wall Street Journal, the Hollywood Video parent could close two thirds of its units, or 1,800 locations. This move comes as Blockbuster is in plans to close...
Since the industry has faced a rash of store closures in the last year, landlords are looking for other types of tenants to fill spaces. In Scranton, PA, the local paper talks focuses on the Mall at Steamtown, which is operated by Fameco Real Estate and apparently 17% vacant. Management is now focusing...
So Filene's Basement is going to survive. The discount chain emerged from Chapter 11 bankrpuptcy, and it's 23 stores are now owned by Syms Corp. and Vornado Realty Trust. Both firms will operate Filene's under its iconic name. But its flagship location in Boston's Downtown Crossing is still in limbo. It...
The National Retail Federation predicts a better year in 2010. The trade group says retail sales will increase 2.5% this year over the 2.5% drop that took place in 2009. What is the cause of the improvement? A perceived upswing in the job and housing markets. However, the association isn't overly optimistic....