GLG News by Sears and Kmart Real Estate Experts

Both REITs have contributed to their own demise by over bidding for groups of mediocre assets and then compounding the problem by over leveraging their acquisitions. The fact that they paid too much at the height of the "feeding frenzy" in retail real estate and then took advantage of accepting far...

In 40 + years of close involvement in the retail real estate industry I have never seen such a risky course of action taken by any troubled retailer.  Not only is Office Depot actually closing numerous underperforming stores, but they are announcing to the world that almost all of their new store...

This brief commentary about what is happening to big-box buildings when a retailer abandons them comes at a critical time when so many of the "big name" analysts are still talking about the value of retailer's real estate providing some type of "cushion" to a failing retailer. The article properly points...

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...