Forecasted Growth in Retail Franchise Stores May Fuel Demand
February 3rd, 2010Where will demand for retail real estate come from in 2010? One area increasingly viewed as a potential source is franchise operators. Pricewaterhouse Coopers forecasts that approximately 11,100 new franchised retail stores are expected to open across…
Forecasted Growth in Franchised Stores May Fuel Demand for Retail Space
February 3rd, 2010Where will demand for retail real estate come from in 2010? One area increasingly viewed as a potential source is franchise operators. Pricewaterhouse Coopers forecasts that approximately 11,100 new franchised retail stores are expected to open across…
Movie Gallery Files Bankruptcy, Closing 800+ Stores
February 2nd, 2010Late Tuesday night, the country’s second largest movie rental chain, Movie Gallery, brought to fruition circulating rumors that it would file Chapter 11.
Like most retailers, Movie Gallery was hit hard from lack of consumer demand during the recession…
Movie Gallery Files Bankruptcy, Closing 800+ Stores
February 2nd, 2010Late Tuesday night, the country’s second largest movie rental chain, Movie Gallery, brought to fruition circulating rumors that it would file Chapter 11.
Like most retailers, Movie Gallery was hit hard from lack of consumer demand during the recession…
Movie Gallery Files Bankruptcy, Closing Stores
February 2nd, 2010Late Tuesday night, the country’s second largest movie rental chain, Movie Gallery, brought to fruition circulating rumors that it would file Chapter 11.
Like most retailers, Movie Gallery was hit hard from lack of consumer demand during the recession…
Threatened Legal Action Over NYC Rent Control Likely to Roil CMBS Market
February 2nd, 2010Another half a billion dollars in CMBS debt looks even weaker this week after New York Attorney General Andrew M. Cuomo announced his intent to sue Vantage Properties LLC, a major New York City multifamily landlord.
Cuomo sent a five-day notice letter…
Threatened Legal Action Over Rent Control Likely to Roil CMBS Market
February 2nd, 2010Another half a billion dollars in CMBS debt looks even weaker this week after New York Attorney General Andrew M. Cuomo announced his intent to sue Vantage Properties LLC, a major New York City multifamily landlord.
Cuomo sent a five-day notice letter…
Aussie REIT Negotiating for U.S. Office Portfolio
February 2nd, 2010Real Estate Capital Partners USA Property Trust (RECP), a REIT based in Sydney, Australia, has conditionally agreed to purchase all of the units of Record Realty Holdings US Trust. RECP would pay about $17.68 million for the assets.
The total price…
Bank Watch: Regulators Close Four Banks
February 2nd, 2010The Office of the Comptroller of the Currency closed the First National Bank of Georgia in Carrollton, GA, and appointed the FDIC as receiver.
The FDIC entered into a purchase and assumption agreement with Community & Southern Bank, a newly chartered…
Real Money (Feb. 4): Capital Raisings, Property Financings
February 2nd, 2010Simon Property Group Inc. agreed to sell $2.25 billion of its senior unsecured notes in an underwritten public offering. Net proceeds will fund the cash purchase of certain existing senior notes and for general business purposes.
Forest City Enterprises…
