Mills Reached Deal as Debt Deadline Loomed
Jan 18, 2007, Matt Hudgins
Mills Corp.'s decision to accept a $7.5 billion buyout offer from Toronto-based Brookfield Asset Management Inc., including cash and assumption of debt, came as a March 31 deadline to pay pack a $1.06 billion mortgage loan from lenders represented by Goldman Sachs Mortgage Co.was creeping closer...
Mills Deals
Jan 1, 2007, Elaine Misonzhnik
After a bit of arm-twisting from Gazit-Globe Ltd., the Mills Corp. announced new nominations to its board of directors in early December, to be approved at the company's annual shareholder meeting...
Canada's Mega-REIT Has Funds, Will Travel
Dec 13, 2006
RioCan Real Estate Investment Trust, the largest Canadian REIT, is joining the move by Canadian investors into the U.S. market. The Toronto-based company is launching a $1.5 billion joint venture with Ramco-Gershenson Properties Trust...
Gazit, Mills Reach Deal on Board Nominations
Dec 6, 2006
After a bit of arm-twisting from Gazit-Globe Ltd., the Mills Corp. announced new nominations to its board of directors on Tuesday, to be approved at the company’s annual shareholder meeting on Dec. 29...
Private Equity Dominates ICSC New York Chatter
Dec 6, 2006
The issue of privatization—both for retailers and real estate companies—has been a dominant theme at the New York National Conference and Dealmaking, which concludes today...
Dining Out
Dec 1, 2006
GE Capital gobbles up restaurant REIT. Two trends converged in early November with the announcement of the proposed $3 billion acquisition of Trustreet Properties, a net lease REIT that specializes in restaurant properties, by the Franchise Finance division of GE Capital Solutions...
The Party's Moved Over
Dec 1, 2006, By Jennifer Popovec
Investors went on a buying spree in the retail sector during the first years of this decade and made a pile of money in the process. As consumers gorged on electronics, luxury apparel and home dcor, owners of retail real estate saw their incomes rise and the sale prices of their properties soar...
As the Mills Corp. Turns
Dec 1, 2006, Elaine Misonzhnik
The Mills Corp. is being slammed with another lawsuit in the never-ending saga to determine the fate of the company. This time from would-be savior Gazit-Globe Ltd...
What Equity Office Means for Retail REITs
Nov 22, 2006, By Elaine Misonzhnik
As private equity firms have been gobbling up office and residential REITs over the past two years, the conventional wisdom in the shopping center industry has been that retail REITs were too complex for even the most gung-ho buyout investors. And, with retail REIT shares trading at or near their highs (mostly), there seemed few opportunities for the private-equity players to snap up assets on the cheap, restructure and flip, their preferred modus operandi. ...
GE Capital and Trustreet: Two Trends in One
Nov 1, 2006, Elaine Misonzhnik
Two trends converged Monday with the announcement of the proposed $3 billion acquisition of Trustreet Properties, a net lease REIT that specializes in restaurant properties, by the Franchise Finance division of GE Capital Solutions....
