Rich Moore

CommonWealth REIT Sells Former Unit Stake to Pay Debt

CommonWealth REIT, the property owner criticized by its largest shareholders for its corporate governance, will use proceeds from the sale of its Government Properties Income Trust stake to pay debt, a spokesman said.

CommonWealth Clash Spotlights Uncommon Management System

CommonWealth REIT’s clash with shareholders over a stock sale is putting a spotlight on the company that manages it and four other real estate investment trusts after investors complained the structure erodes value.

Fast-Food Buildings Beating Bonds Spurs Deal Surge

Sales of single-tenant retail properties -- buildings leased to fast-food joints, pharmacies and other store operators -- have soared to a six-year high as investors seek real estate that performs better than bonds.

Simon Property Beats Estimates as Shopper Spending Rises

Simon Property Group Inc., the largest U.S. mall owner, reported funds from operations that beat analysts’ estimates amid increased shopper spending at its regional retail centers and outlet malls.

Simon Property May Bid for Capital Shopping to Boost Its European Holdings

Simon Property Group Inc. , the largest U.S. shopping mall owner, may try to expand in Europe by attempting a takeover of its British counterpart, Capital Shopping Centres Group Plc .

REITs Gaining 26% Ditch Failing Shopping Malls: Mortgages

Mall owners including Simon Property Group Inc. and General Growth Properties Inc., the biggest in the U.S., are signaling they’re moving on from struggling retail centers as the economic rebound drives them to focus on the best-performing markets.

Cerberus-Led Group Agrees to Acquire Supervalu Chains

A Cerberus Capital Management LP-led investor group agreed to acquire Supervalu Inc.’s Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market grocery stores in a transaction valued at about $3.3 billion.

Brookfield Channels Buffett in General Growth Investment

Brookfield Asset Management Inc. is keeping a tight grip on its stake in General Growth Properties Inc. in a bet the second-largest U.S. mall owner is better off as an independent company that will jump in value.

General Growth Rejects Ackman’s Call for Sale of Company

General Growth Properties Inc., the second-largest U.S. shopping-mall owner, rejected investor Bill Ackman’s call to put itself up for sale and said it plans to remain independent.

U.S. REIT Shares ‘Cheap’ as Stock Slump Creates Discount Buying

U.S. real estate investment trusts are trading at the biggest discount to the underlying value of their properties in more than two years, signaling it may be a good time for investors to buy shares in the companies.

"The private REITs are big on these things."

- Rich Moore on Feb 05, 2013

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North Korea Test-Fires 3 Missiles as U.S. Sees Further Isolation

Commuter Train Wreck Injures Dozens, Curbs Amtrak Service

Republicans Unsatisfied by IRS Answers Press for More

Tesla’s Musk Channels Iacocca With Early U.S. Repayment

U.S. Stocks Advance on Leading Indicators, Sentiment Data