GLG News by Retail Real Estate Brokerage Experts (California)

This front page article from one of the Midwest's leading business publications is the perfect example of the kind of silly journalism I predicted would flourish during the bursting of the retail bubble. Ms. Monee Fields-White is a new and know nothing business reporter who is quite good at spinning...

This is another classic example of the blind, sheeplike behavior of both investors and analysts. By treating all REITs as generic commodities, the market has done what it does best,---acting without thinking based upon some computer software ringing a Pavlovian bell. Dumping all REIT stocks seems to...

This plan that Mr. Ackman is proposing is good for Mr. Ackman and other stock speculators and short term players but lethal to Target in the longer term.  The only way this plan makes sense is if ALL THE PROCEEDS were used to pay down debt and even then, only if the cost of the new debt created...

The announcement of Steve & Barry's closing an additional 173 stores immediately after Christmas will be a devastating blow to that many Malls. Not only have those malls not yet amortized the several million dollar "bribe" money they paid to entice S & B to take over a vacant anchor store position...

It is critically important to understand the fundamentals of the investment strategy before you commit your money. There are super sales people who can convince a drowning person to buy more water- unfortunately those same sales persons are interested in collecting their fee and little else. By understanding...

With the announcement of the closing of 7 Great Indoors and 3 Sears Essentials and Sears Grand stores in addition to the  4 Sears Department stores and 8 Kmarts previously announced, SHLD is sending a very strong indication that the program of closing Mr. Lampert's earlier forecast of 200...

This is a perfect example of what I have been preaching for the past year, namely that there is a definite lag between poor sales performance and Mall REIT FFOs. September, October and November have been retail disasters yet the FFO column for most REITs seem unaffected. Furthermore, the all important...

As readers of GLG News have long known, SHLD was identified as "circling the drain" as soon as Eddie Lampert bought the company and announced it was due to the $12 to $15 billion of "hidden" real estate value in the Sears portfolio. Gary Balter, senior analyst from Credit Suisse has been enamored of...

REIT stocks have plummeted 30% so far in October, says Jan Morrissey of INVESTMENT NEWS and I have no reason to doubt her. However is this a newsworthy event or something that might be helpful in guiding the investment decisions of GLG clients? Without going into detailed analysis of each type of real...

Although this article deals with the management of SHLD, I have placed it under the REIT category because it is the single most important issue that will be influencing the success of Mall REITs for many years to come. Mr. Lampert is rebuilding his management team from the bottom up rather than from...