All GLG News Analyses Filed Under: Corporate Real Estate

XANADU has been shopped around to every mall developer in the industry. They all turned it down as being either too risky or too expensive or both.  Along comes Colony and ups the price that all the "pros" turned down. WOW! While I agree with Mr. Burns that this sale removes a huge Albatross around...

Sears CEO Aylwin Lewis gave a talk to the Orange County chapter of The National Association of Retired Sears Employees Inc. in which he was quoted in their newsletter as confessing for the first time that none of the Sears Grand or Sears Essentials Stores have yet proven to be successful....

A lot has happened here all of a sudden:  Canada’s Ivanhoe has taken over the offshore developments, the Chicago development has been sold and now Colony Capital has removed the Xanadu property from the Mills table.  Mills announced that sales for the last 12 were $ 392 per sq. ft. versus...

This article adds yet another strong piece of evidence to the retail industry's long held belief that SHLD should not be viewed as a retail investment.The article details the continuing deterioration of same store sales and profits coming from Mr. Lampert's skill as a high risk speculator...

Rite Aid, the no. 3 drug chain behind Walgreens and CVS, is buying 1,521 Eckerd stores and 337 Brooks stores.Rite Aid already has had serious problems making money from the stores they have owned and operated for many years.  Any industry veteran can attest to the difficulty of making money with...

UBS announces a new $780-million loan @ a 6.26% interest rate, to Sears Tower in the face of a 22% vacancy rate and a 20% decline in NOI to only $59 million. The article also mentions the well known fact that many of the leases made during the period when space was at a premium, are now coming...