Kmart to shutter 326 stores
Jan 14, 2003, —staff & wire reports
Kmart announced today the specific 326 stores it will close as part of its Chapter 11 restructuring. The closings will hit 44 states, with California,...
AEI - Hot Job!
Jan 14, 2003
We are looking for one or two talented, goal-oriented professionals to join our property acquisitions group....
POSITION WANTED
Jan 14, 2003
Design/Construction professional, overqualified for current PM position, seeks return to Director or VP challenges with established retailer, developer or design-build contractor....
FAO files Chapter 11
Jan 13, 2003, —staff & wire reports
FAO Inc. announced today it is filing for reorganization under Chapter 11 protection. The chain, which includes FAO Schwarz, Zany Brainy and Right Start...
Taubman’s Revenge:The REIT Takes an Interestin Simon’s Forum Shops
Jan 13, 2003, —staff & wire reports
Taubman Centers is pushing back at Simon Property Group. Still in the process of fending off Simon’s hostile takeover attempt, Taubman announced this...
Survey Reports FlatHoliday Sales in 2002
Jan 8, 2003, — staff & wire reports
Sales for holiday season 2002 were flat compared to last year, according to ICSC’s survey of non-anchor stores at 58 U.S. malls released this week.Shoppers...
Single Tenant / $48 MillionBid Deadline 1/24/2003
Jan 8, 2003
Marcus & Millichap is pleased to announce for sale through a bid offering a Class A office property that is absolute bond net leased to Commonwealth Edison Company (Standard & Poors: A-) for 15 years in Oak Brook Terrace, IL (Chicago Metro Area).
...
RETAIL PROPERTY FOR SALE - SYRACUSE, NY
Jan 8, 2003
60K SF Retail Center For Sale w/National Tenants 12.11% Cap Rate 18.2% ROI...
Donahue Schriberchairman dies
Jan 2, 2003, — staff & wire reports
Dan Donahue, chairman of Costa Mesa, Calif.-based Donahue Schriber since 1982, died Dec. 31 in Newport Beach, Calif.In its 33-year history under Donahue’s...
Kmart and Penneys saw more Christmastraffic than rivals, survey says
Dec 26, 2002, —staff & wire reports
Kmart's deep discount sales strategy gave the bruised retailer cause for celebration this holiday shopping season. The chain, which filed for Chapter...
Federal Realty CEO resigns
Dec 26, 2002, — staff & wire reports
Federal Realty Investment Trust CEO Steven Guttman has resigned his post, four months ahead of schedule. The company has appointed Donald C. Wood as president...
New WTC Designs Unveiled
Dec 19, 2002, — David Sokol
Yesterday, the Lower Manhattan Development Corporation unveiled designs for the World Trade Center site by some of the world’s best-known and most innovative...
Closed Kmart stores could steal tenants from planned projects
Dec 18, 2002, By Renée DeGross
With another round of Kmart store closings set to begin soon, shopping center execs are already attempting to digest the impact.Some of Kmart's boxes...
Fitch: CMBS outlooknot so grim
Dec 17, 2002, By Parke Chapman
U.S commercial mortgage-backed securities (CMBS) upgrades will outpace downgrades in 2003, predicts Fitch Ratings. Still, Fitch projects that the performance...
