April 13, 2010
Owner ready to fill Cincinnati Mall | cincinnati.bizjournals.com
This article about the much maligned 1.5 million sf. mall in Cincinnati is an interesting follow up to a commonly occurring circumstance in the shopping center industry.
Blockbuster; All Things To All Customers, Not Much To Any
April 6, 2010
A recent interview on NPR radio by Blockbuster CEO Jim Keyes revealed that Blockbuster is pinning its survival on being the "only multi-chanel provider---in stores, by mail and by vending machines. This is a proven formula for failure.
April 6, 2010
Stuck with Sears | www.businessweek.com
This BusinessWeek article is reasonably well researched but the writers are obviously not well versed in the retail industry. My analysis will provide some clarification that is sorely needed when understanding all the Lampert and Johnson "doublespeak".
Glimcher Sells Two Of Their Best Malls
March 31, 2010
Glimcher Closes Joint Venture | retailtrafficmag.com
This article provides an excellent example of my major premise about the value of Malls and Mall REITS.It shows that quality "A" malls are still in demand and can command an "undiscounted" price at a very nice cap rate.
Another Goofy Sears Brand Expansion Attempt
March 27, 2010
Sears Tries To Resurrect The Kenmore Brand | mcmillandoolittle.blogspot.com
This article from a blog by one of the leading Retail Consulting Firms in the country, talks about how Sears is trying to promote the Kenmore brand by opening a "Kenmore Store".
An Overlooked But Important New Problem For Malls and Shopping Centers
March 22, 2010
Mall Stores Try To Shrink | blog.retailtrafficmag.com
This article in Friday's WSJ, although on the first page of the MARKETPLACE section, got very little play in the business news media. In my opinion it represents one of the most significant developments that will be impacting the value of Shopping Center and Mall REITs for many years to come.
Las Vegas February Residential Data Solves One Mystery ... But Creates Another
March 22, 2010
February residential data for Las Vegas almost reads like a Sherlock Holmes adventure.
Simon-GGP Merger Creates Antitrust Issues.
March 19, 2010
Although much has been written about the economic pluses and minuses of this anticipated merger, little has been said about the very real threat of the FTC waking up and putting a stop to it.
General Growth thinks its' Garbage is Golden
March 18, 2010
General Growth labels its' "bad" assets | www.chicagotribune.com
General Growth is a well run and successful company as I have said numerous times in this venue. However GGP, like all companies has made many mistakes and has acquired many under performing assets hidden within the package of good assets they bought from other companies. Some of these assets were good at the time they bought them but either turned "bad" thereafter or became "bad" because they overpaid for them.Now they want the public and their stakeholders to accept a $15.00 per share value for the package of under performing assets they have separated from their parent company as part of their propped recovery from bankruptcy.
As Predicted, Blockbuster Is Busted
March 18, 2010
Blockbuster RaisesPossibility Of Bankruptcy; Stock Swoons | blogs.barrons.com
This article in Barrons simply confirms what I have been predicting in several previous GLG analysis. Why it took so long for this "horse and buggy" industry to realize it was doomed as soon as the success of Netflix and Redbox was assured and Hollywood Video and Movie Gallery died, will be the subject of this analysis.
February 6, 2012
Las Vegas real estate: A happy new year?
January 20, 2012
Commercial property sales plunge in New York City: Why should everyone care?
January 19, 2012
Are Macy's closures a leading indicator of mall REIT values?
January 18, 2012
Ireland's commercial property outlook
January 9, 2012