Quantcast

40 Million Americans Receiving Food Stamps

May 10, 2010

Tweet 1 in 8 Americans is now receiving food stamps, a new record. Despite the economy purportedly adding jobs again, it is also adding to the number of people on food stamps. The USDA numbers show that 39.68M Americans were receiving food stamps in February, up 260,000 from January. And the problem is expected to […]

Read More >>

Wal-Mart Scoping Former Mervyn’s Spaces in Southern California

May 10, 2010

Tweet Wal-Mart is opening up a mini-version of its Supercenters in in-fill markets in Southern California. It has signed a lease to take over a former 75,000SF Mervyn’s. The typical Supercenter is 150K+ SF. The company is also testing even smaller-format 10-20K sites in various parts of the country. The decision to “downsize” in in-fill […]

Read More >>

Surprise Surprise: More Store Closings

February 4, 2010

Tweet More store closings are expected. This doesn’t come as much of a surprise. Given the percentage of sales retailers ring up during the holiday season, it was obvious it would have been wise to get through the holiday season and then put the wheels of closure back in action. Bloomberg has a pretty cool […]

Read More >>

Macklowe’s Back as CMBS Delinquencies Continue To Rise

January 6, 2010

Tweet After suffering some pretty big losses over the past two years, Harry Macklowe is back. This time he has teamed up with CIM Group to take control again of the development site on Park Avenue in New York. The partnership between Macklowe and CIM will pay off about $510M of debt on the site, […]

Read More >>

AIA Projects 13% Fall in Commercial Construction

January 6, 2010

Tweet The American Institute of Architects (AIA) isĀ forecastingĀ that office, retail and hotel development may fall 13% this year. In July, they were forecasting 12%. ndustrial construction spending is likely to slump the most this year, 24 percent, and an additional 7.8 percent in 2011, the institute said. The group expects hotel building to also fall […]

Read More >>

Retail Squeeze: Retail Assets Fall Into Distress

January 6, 2010

Tweet InsideBayArea has an article out discussing some of the retail projects that have fallen into foreclosure. The projects listed include: Saigon Village LLC, owner of a Vietnamese-themed retail village that us proposed for Stevenson Boulevard between Cedar Boulevard and Albrae Street in Fremont, listed $18.5 million in mortgage debts and a property value of […]

Read More >>

Pershing Square on The Outlook For Mall REITS

December 9, 2009

Tweet RetailTraffic Blog has posted a presentation by Bill Ackman’s Pershing Square Capital Management detailing the improving economic climate, and the optimism they feel with regards to well positioned mall REITs. There are certainly signs of economic activity bouncing back, but the months after this holiday season will be very telling. On a macro level, […]

Read More >>

Simon Property Group Snaps Up Prime Outlets For $2.3B

December 8, 2009

Tweet Simon Property Group (SPG: 170.52 +0.38%) has purchased outlet owner and operator Prime Outlets for $2.33B. Big news, except the company paid 80% of the price in cash, and the rest in partnership units, plus assumption of debt. The deal gives Indianapolis-based Simon Property an additional 22 retail outlet centers, increasing its total to […]

Read More >>

101 Wachovia Branches To Close in California

December 2, 2009

Tweet The digestion of Wachovia by Wells Fargo is underway and as part of the process, Wells Fargo will be closing 101 California branches. In addition, 65 existing Wachovia branches will be rebranded. In Santa Clara County, the three branches to be rebranded include: Berryessa Rd and Sandstone Ln, San Jose Stanford Shopping Center, Palo […]

Read More >>

Apple To Open 40 to 50 New Stores – More Than Half Internationally

November 17, 2009

Tweet Cupertino’s Apple Computer (AAPL: 100.57 +0.04%) announced that it intends on opening 40-50 new stores next year. More than half of them will be international. It also intends to open up some as more significant flagship stores in prominent locations in London, Shanghai, and Paris. It also recently just opened a new store in […]

Read More >>
Page 1 of 812345...Last »