Topic: Retail REITs
Sector Snap: Analyst upgrades REITS
AP News
Goldman upgrades 3 REITs, saying there's a bottom within a year and a half and debt costs lowA Goldman Sachs analyst upgraded his view of real estate investment trusts Thursday, predicting a bottom in industry fundamentals in the next year to 18 months. Jonathan Habermann lifted his rating on ...
General Growth Bankruptcy
AP News
FILE - In this Aug. 20, 2004 file photo, shopppers stroll through Faneuil Hall Marketplace, in Boston. Mall operator General Growth Properties Inc., which filed the largest U.S. real estate bankruptcy case in history earlier this year, on Thursday, Nov. 19, 2009 said its lenders have agreed to restructure some ...
Macerich in joint venture in Colo. mall
AP News
Macerich, private equity firm announce joint venture in Colo. mallThe operating partnership of Macerich Co., a real estate investment trust that invests in shopping malls, and a private equity firm announced Thursday a joint venture in a Colorado mall. Under terms of the deal, the Macerich Partnership LP receives about ...
U-Store-It makes $161.2M from public offering
AP News
U-Store-It makes $161.2M from public offering of 32.2M common shares; plans to pay off debtSelf storage company U-Store-It Trust said Wednesday it made $161.2 million from a public offering of 32.2 million common shares. The Wayne, Pa.-based company said it would use the proceeds to ...
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