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February 6, 2013

  Top Story to auction $20+ MM in Retail Properties, the Nation's Leading Online Real Estate Marketplace, are pleased to auction 12 retail properties nationwide., LLC. 1 Mauchly, Irvine, CA 92618, (800) 499-6199. View more licensing information here. See more info about our auctions.
  Industry Tracker 
  • Canadian real estate giants come to Primaris compromise
    A group of Canada's most prominent real estate players came to a compromise over one of the country's largest real estate investment trusts after almost two months of negotiations. KingSett Capital and other organizations agreed to evenly distribute Primaris REIT's retail portfolio, splitting Toronto's Dufferin Mall and nine smaller properties. "The facts speak for themselves. The transaction creates value for everyone. Today's deal, we each get what we really want," KingSett Capital's managing partner Jon Love said. Financial Post (Canada) (2/5) Email this Story
  • Excel buys Tracy Pavilion
    Excel has acquired Tracy Pavilion in Tracy, Calif. The 162,353-square-foot center traded for $32 million. Excel only acquired the property, however, as two of the retailers -- Home Depot and WinCo -- own their space. SNL Financial (free content) (2/5) Email this Story
  Retail News 
  • Dollar stores face increased competition, expansion
    Dollar stores made big bucks during the downturn, but the big chains' rapid expansion has made it more difficult to make ends meet. More than 1,100 dollar stores are expected to open this year, but cash-strapped consumers aren't spending the way they once did. "It's as if there are more days than there are dollars," says Dollar General CEO Rick Dreiling. The Wall Street Journal (2/4) Email this Story
  • Report: Shoppers let out their belts a bit
    Consumers are still taking a cautious approach to spending, but they're easing up a bit and allowing themselves the occasional splurge, according to research from BIGinsight. "We're not seeing big changes in the way consumers are spending, but as an uncertain economy becomes a part of everyday life we are finding that they're cutting themselves some slack now and then," said executive vice president Phil Rist. STORES magazine (2/2013) Email this Story
  Business Best Practices 
  • Does your boss consider you long-winded?
    Trying to present too many ideas at one time or getting bogged down in details can irritate a boss looking for concise conversations, writes Paul Hellman, founder of Express Potential. Always assume your boss is looking for shorter answers and try to be more focused in your response, he writes. CNBC/Executive Careers (2/4) Email this Story
  News from ICSC 
  • Seminar: Debt Workouts, Institutional Funds & Repositioning of Challenged Assets
    ICSC is rolling out a seminar intended for owners who are facing maturing mortgage debt for a retail asset, and for other high-level professionals who represent the lender, a mortgage broker or deal in the debt markets. Regardless of whether the asset is challenged or not, a refinancing or restructuring of debt calls for special handling. More important, refinancing a challenged asset, one that produces insufficient funds from operations to cover its debt service, can be extremely difficult to assemble. This is the reason ICSC created this fast-moving one-and-a-half-day seminar conveniently located in Midtown New York City. The seminar sponsored by The Wall Street Journal will include formal presentations, discussions, case studies, course materials, breakfasts and lunches, a cocktail reception and an ICSC certificate of completion.

    For more information, visit Debt Workouts, Institutional Funds & Repositioning of Challenged Assets or contact ICSC's Manager of Education, Jason Barnhart, at 1-646-728-3468 or Email this Story
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--Herman Melville,
American writer and poet

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