All GLG News Analyses Filed Under: REITs/Operating & Development
Posted February 20, 2007EXTRAORDINARY POPULAR DELUSIONS and the MADNESS OF CROWDS
Analysis of: Mills To Pursue Simon and Farallon Bid | www.globest.com
Author: Kenneth Leonard, Principal Leonard Associates
This latest bid by Simon and the markets reaction is, in my strong opinion, comparable in many ways to the "feeding frenzy" that characterized the tulip bulb mania of 1635.The only possible explanation for this inflated bid (as well as the other likely even more inflated bids to follow) is...
Posted February 15, 2007The Mills Saga Continues – Is This The Perfect Solution?
Analysis of: Mills To Pursue Simon and Farallon Bid | www.globest.com
Author: Paul Burns, Owner City Investments
The combination of an institutional investor already at major risk in a transaction plus a professional developer/manager with a great industry record has the best opportunity for success in this turnaround. I remember also that Simon in the past had a major investment in Mills which it withdrew. ...
Posted February 2, 2007Mills agrees to acquisition deal
Analysis of: Brookfield Deal for Mills May Not End Drama | www.wsj.com
Author: Paul Burns, Owner City Investments
Brookfield has offered $ 156.25 per sq. ft. for the 48 million sq. feet in the remaining 38 shopping centers in the Mills portfolio. Eighteen percent of the cost in cash will be paid at closing. I believe that the deal will not return historical costs to the shareholders and reproduction...
Posted January 24, 2007It’s Clear Now!
Analysis of: Mall REIT Warns That It Might Be Forced Into Bankruptcy | www.nytimes.com
Author: Paul Burns, Owner City Investments
Mills Says Accounting Errors Caused by Misconduct www.bloomberg.com
MILLS CORP. CEO SAYS NO HIDDEN PROBLEMS (article) www.tribune.com | Real Estate Investment Trusts (REIT)" href="http://news.glgroup.com/cm/Analysis/Browse.aspx?a=aj&rxid=11127">...>Real Estate Investment Trusts (REIT)
Transparency...
Posted January 17, 2007More About Mills – The Operations Based Solution
Analysis of: Great Mall paving a path to shoppers’ changing needs | www.mercurynews.com
Author: Paul Burns, Owner City Investments
The key to the future success of the Mills’ properties lies with the releasing and renovation programs which will increase sales volumes and the profitability of tenants. The rents will then accelerate and the return on the investment will provide a greater residual to the land/equity. This is the story...
Posted December 21, 2006
Are Consumers Sick of Development? Attitudes against Land-Use Development Grow Deeper, Survey Says
Analysis of: Are Consumers Sick of Development? Attitudes against Land-Use Development Grow Deeper, Survey Says | rismedia.com
Author: GLG Member Program Contributor
Analysis of: Are Consumers Sick of Development? Attitudes against Land-Use Development Grow Deeper, Survey Says | rismedia.com
Author: GLG Member Program Contributor
This rather limited survey, reflecting on my past statistics courses, do not provide a large enough sampling with which to apply an inferential analysis. However, it is telling to a certain degree, as to the general populace's psyche where "progress" is concerned. On this note I offer a...
Posted December 18, 2006
Are Consumers Sick of Development? Attitudes against Land-Use Development Grow Deeper, Survey Says
Analysis of: Are Consumers Sick of Development? Attitudes against Land-Use Development Grow Deeper, Survey Says | rismedia.com
Author: GLG Member Program Contributor
Analysis of: Are Consumers Sick of Development? Attitudes against Land-Use Development Grow Deeper, Survey Says | rismedia.com
Author: GLG Member Program Contributor
I have observed in my own community at large, increased resistance among residents to almost any type of development project.This has included resistance to enlarging a well known Cancer Center - the Fox Chase Cancer Center in Northeast Philadelphia.Also, and with good cause, some of the...
Posted December 8, 2006Meaningless Survey Yeilds Meaningless Results.
Analysis of: Are Consumers Sick of Development? Attitudes against Land-Use Development Grow Deeper, Survey Says | rismedia.com
Author: Kenneth Leonard, Principal Leonard Associates
This is a good example of the growing trend in self promotion for every research company in America to find some special survey with a media-attractive title to use to promote their company. In particular, the Saint Consulting Group is attempting to use this inexpensive form of advertising...
Posted December 8, 2006No Question – Land-Use is Everybody’s Concern.
Analysis of: Are Consumers Sick of Development? Attitudes against Land-Use Development Grow Deeper, Survey Says | rismedia.com
Author: Paul Burns, Owner City Investments
I think people are concerned, better informed and a lot more forceful in their wishes for the community they have selected than in the past. Don’t expect the process to get less intensive in the future. The residents selected the community because it had a set of qualities they wanted to...
Posted November 28, 2006MALL WARS GET UGLY--SO WHAT ELSE IS NEW?
Analysis of: BIG BRAWLS OVER MALLS | www.businessweek.com
Author: Kenneth Leonard, Principal Leonard Associates
Mr. Palmari writes about "the growing practice of mall owners trying to thwart each other's new projects by lawsuits, strong-arm tactics and costly political campaigns"By focusing upon the legal battles raging over the proposed new mall project in downtown Glendale, CA, he "proves " his theory about...
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