Simon Property Group Inc. entered into a new unsecured corporate credit facility providing an initial revolving borrowing capacity of .565 billion. This initial borrowing capacity represents an increase to the company’s existing .5 billion revolver… More
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The CoStar Group News Department covered a plentiful basket of major national retail news during 2009. CoStar covered it all during 2009 — from the most interesting trends in retail real estate, to continued mass store closures and bankruptcies, and… More For most commercial real estate developers, 2009 can’t end soon enough. In the tight financing market, credit was available for only the most fail-safe construction and development projects. Many planned developments fell out of the pipeline as plunging… More We asked CoStar News readers what 2009 trends and stories you want most to say “Hasta La Vista Baby!” to and here is a sample of what we heard back. Foreclosures, bank bonuses, and the Transformers 2 movie. All were bad! Paul, Weiss, Rifkind, Wharton & Garrison LLP said Monday that it has closed on the renewal and expansion of its lease at 1285 Avenue of the Americas. The international law firm signed a 15-year lease for about 585,000 square feet. The deal is said… More CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial… More Manhattan’s iconic Times Square Building is about to see a significant revitalization, thanks to a major financial restructure. Property owner AFI USA has settled with its lenders and completed a recapitalization and restructuring of the debt on the… More Dollar General Corporation (NYSE: DG) recently reported that for the first nine months of this year, the company reported a 296% increase in net income from 2008 to .7 million. Dollar General said a significant increase in customer traffic and average… More This week in the Retail Roundup, CoStar reports on expansions or new concepts at electronics chains and Dollar General; closings, cutbacks, defaults, or bankruptcy news at General Growth, The Walking Company, USPS, Joffco Square, auto dealerships, and… More Detroit-based automotive retail consulting firm, Urban Science, announced that 1,467 U.S. car dealerships closed during the first 10 months of this year, leaving 18,617 auto dealerships in operation as of Nov. 1, 2009. This follows 2008′s net loss of… More Anil Kumar, a former McKinsey & Company, director accused of leaking information in the Galleon Group hedge fund case, has agreed to waive indictment. More Guy Hands, the founder of private equity firm Terra Firma Capital Partners, called for reinstating the Glass-Steagall Act, arguing that separating utility banking operations from high-risk investment banking is beneficial to society. More In part II of his 2009 in review, the Deal Professor takes a look at the biggest domestic deals of the year and what they show about the new normal in mergers and acquisitions. More The administrator for Lehman Brothers in London said on Tuesday that it has received substantial support for a plan to distribute assets frozen at the former investment bank’s hedge fund unit directly to creditors by the first quarter of next year. More A lawsuit accusing the hedge fund Harbinger Capital Partners of receiving confidential information about a pending takeover bid has been allowed to proceed in Delaware Chancery Court. More In part one of his 2009 year in review, the Deal Professor examines the general trends of what he predicts will be a flatter deal-making landscape for some time to come. More With the markets winding up for the Christmas holiday, we thought this poem was a fitting way to close out Wall Street’s year. More After a year and a half of talks, ABN Amro and Deutsche Bank finally agreed on Wednesday to a billion deal for Deutsche to buy a commercial banking unit and other parts of the business. More Cascade Bancorp has suspended a million common stock offering, it was disclosed in an S.E.C. filing. The company also said it’s in danger of being delisted from the Nasdaq exchange, The Portland Business Journal reported. More Jajah, the Internet phone company, has announced it is being acquired by Telefónica for 7 million in an all-cash transaction, The Financial Times reported. More The top executives at the mortgage lending giants, Fannie Mae and Freddie Mac, could get paid as much as million for 2009, despite the companies’ dismal performance this year. More The investment banking arm of Barclays wrote to all 23,000 of its staff and informed them their pay would be increased by up to 150 percent, The Guardian reports. More This is the last DealBook newsletter for 2009 as we take a holiday break until we return after the New Year. More Twitter said Wednesday that it had acquired Mixer Labs, which has developed a location-tracking tool called GeoAPI, for an undisclosed amount. More Barclays President Robert Diamond sold 1.8 million of the company’s shares for a total of about million in the past two days. More The Brill Building was built as the Alan E. Lefcourt Building, in honor of the developer’s son, but the name didn’t last. More Francisco Osler’s 2,700-square-foot home in Brasília is made up of two glass-and-concrete boxes. More A 19th-century hacienda in Pomona, Calif., a condo with a parking spot in Boston, and a craftsman house in Dallas. More |
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