Best Buy, hhgregg and Others Give Needed Jolt to Former Circuit City-Anchored Shopping Centers
December 2nd, 2009Throughout this downturn, electronics superstore Best Buy hasn’t been the only retailer fighting to gain market share following Circuit City’s liquidation of more than 700 stores and Tweeter’s bankruptcy and liquidation of about 150 stores. Regional electronics…
Dubai World Holds Key to Revival
December 2nd, 2009The conglomerate’s trophy holdings could feed a starved property market.
Maryland Developer Unveils Plans for 9,100-Acre ‘Green City’
December 2nd, 2009First, there was Babcock Ranch, the planned 17,000-acre “solar city” near Ft Myers, FL, billed as the world’s first city powered wholly by the sun’s energy.
This week, Maryland developer American Community Properties Trust (ACPT) announced plans to…
TESTING THE WATERS: Wealthy Investors Remain Eager But Selective Real Estate Buyers
December 2nd, 2009Cash buyers are currently the supreme rulers of a sparse and rocky CRE transaction landscape. Although transaction sheets don’t yet reflect much activity, a growing number of surveys and reports suggest that high net-worth private investors are expected…
Bank Watch: Severn Enters into Supervisory Agreement with OTS
December 1st, 2009Severn Bancorp Inc. along with its Severn Savings Bank FSB, both in Annapolis, MD, entered into supervisory agreements with the Office of Thrift Supervision, the bank’s primary federal regulator. The agreements set forth steps being taken in response…
Real Money (Dec. 3): Capital Raisings, Property Financings
December 1st, 2009General Growth Properties Inc. agreed in principle to restructure approximately $8.9 billion of secured mortgage loans. Key provisions of the agreements include maturity date extensions resulting in an average loan duration of approximately 6.4 years…
London Tops Office-Rental Rates
December 1st, 2009London’s West End can once again lay claim to the dubious distinction of being the world’s most expensive office market after its rental prices surged past those in the inner central district in Tokyo.
Dubai World May Be Forced to Sell Trophy Assets
December 1st, 2009Dubai World has mostly resisted selling off its trophy case of assets, but after last week’s announcement of a request for a debt standstill, the company may have less room to avoid a sale of some of its portfolio.
