GLG News by Retail Real Estate Brokerage Experts (California)

As this article implies, due to the sagging economy, 2008 is going to be a record year for store closings which could have profound impact on shopping center REITs. So what is the real story here? In my comment section I will examine some alternative reasons for the closings and some alternative...

WSJ writes a feature article about an event that has zero significance out side of the Phoenix mall development community. While it may be of interest to those curious few who care about routine struggles between real estate developers of every type, size and description, it is really of no consequence...

The past 12 months have seen mall stocks drop 31%.  Same store sales are down and store closings are up. So what?   Mall REIT profits are up and occupancy rates are holding steady at 94%. Re leasing rates are also holding steady in the top line REITs but not in the REITs with a majority of...

Depending upon which article you read, Macy's have announced between 88 & 97 closings of duplicate stores they purchased in the 2005 May deal. Most are still vacant and causing REIT owners and mall retailers, who are unfortunate enough to be located on the Macy's/May wing of the mall, very serious...

While Mr. Burns correctly points out to the GLG reader who may have missed the news, that the real estate bubble has finally burst and that the country is in the midst of a recession, he totally fails to establish his main theme in this and previous articles, that the death of the Mall is close at hand....

This article sheds considerable light on one company's efforts (Sun Capital Partners) to prosper by buying second or third tier troubled companies. They use very little cash and then, using their real or imagined genius as self titled "Turn Around Specialist", try to "make a silk purse out of a sow's...

Using the well publicized problems of Harry Macklowe and Centro Properties as the poster boys of WSJ's front Page article, we then learn that it is only the over leveraged commercial property speculators who are likely to suffer in this real estate recession. The article then quickly points out...

Kimco is one of only a handful of REITs still trading at a premium to net asset value. Kimco has the lowest rents of any strip center REIT.  Kimco rates only a "D" for performance and a "D" for value on the Forbes Gold List. Yet Kimco seems to be the darling of investors. Why?

Mr. Lance Crain, a very influential and knowledgeable business pundit, believes the answer to Mr. Lampert's problems is to sell Sears real estate and use the money to turn around Kmart with all Sears brands. He obviously has not done his homework. As readers of the GLG analysis on the topic of SHLD...

This announcement of the latest Chicago Steve & Barry's store raises some eyebrows due to their seemingly sudden conversion to chasing "expensive" real estate.   My familiarity with this specific location allows me to show that this is not any different than any of the other opportunistic locations...