GLG News by Sears and Kmart Real Estate Experts

This article provides the most current, accurate and succinct analysis of the Buffet restaurant industry that I have seen. There has been a dramatic drop in the number of buffet restaurants in the U.S. over the past five years in spite of the steady profits being realized by the major operating...

Mr. Burns seems to imply in his analysis of what is essentially an article about the weak performance of most retailers heading into the most important holiday season, that this performance has something to do with the current value of their real estate.    As a 40 year veteran of the retail...

When General Growth Properties acquired The Glendale Galleria (along with the rest of the Rouse Company), they set in motion their standard market research methodology to determine future competitive risks for each project.  When they determined that The Glendale Galleria was being threatened...

Although Mr. Nelson has correctly restated the Barron's article, he misses the most important incorrect assumption The Barron's writer has used to make his argument.  He states that "Mr. Lampert must invest in order to turn Sears around".  As a battle scared veteran of both the Federated...

This article provides a straight forward analysis of the tax implications of the passage of HR 2834 as well as how it would impact the most common form of incentive to real estate development. Passage of HR 2834 will force developers to find a new method of tax avoidance or greatly reduce...

Cap Rates are an inferior indicator of property performance when compared with cash flow modelling.  They ignore readily available information on the amount and timing of cash flows.  While they can correlate loosely with yield over a large sample, in a given property they can be entirely...

IOSC reports September sales increase @ 1.7% below year-to-date average of 2.3%.  Economists expect GDP to grow at about 2%, the weakest figure since 2002, with projections that 2008 won't be much better. However the Regional REIT's sector continues to show gains and the obvious question is "what's...

This Forbes article talks about Mr. Lampert's apparent reluctance to monetize the Sears real estate portfolio. The writer, (like most financial writers on this subject) is obviously unaware of the numerous restrictions that are imposed on each and every Sears mall store that effectively prevents them...

$20 Million "expansion" of Maine Mall in South Portland provides an excellent "peak in the window" at what happens when an Anchor department store goes dark. This article provides an indicator of what other department stores and/or Mall owning REITs (together with those investors expecting...

Macy's is in process of selling 88 duplicate stores. Thus far they have sold approximately 60 for an average price of $10 million each. In every instance they have kept an even larger store in the same mall which gives them tremendous bargaining power with each developer. What are the possible takeaways...