Men’s Wearhouse Identifies 145 Stores for Probable Closure

During 2009, Men's apparel retail chain, Men's Wearhouse, opened 6 new, but closed 41 stores. Due to geographic overlap caused by its 2006 acquisition of the AfterHours Formalwear chain, the company has identified 145 stores that it would likely close...

Updated: Pershing Square & Fairholme Capital Offer $3.925B to General Growth

General Growth Properties (NYSE:GGP) announced that a joint venture between Pershing Square Capital Management and Fairholme Capital Management said they would commit $3.925 billion of new equity capital, at a value of $15.00 per share, to facilitate...

American Eagle Shuttering 28 MARTIN +OSA stores

Pittsburgh, PA-based specialty apparel retailer, American Eagle Outfitters (NYSE:AEO), is shuttering its MARTIN + OSA banner, including its 28 stores and online business. The company expects to conclude the liquidation of the MARTIN + OSA stores, which...

Thinning Loan Loss Coffers May Restrict CRE Lending

In addition to keeping an eye on declining property values, falling rents and rising vacancy rate numbers, the commercial real estate community is also concerned over ominous signs in banking industry numbers. One big area of concern is the fact that...

Investors Picking Up Unfinished Condo Projects

LeaseFlorida LLC in Miami Lakes, FL, foreclosed on two failed residential condominium projects. In the first deal, Cypress Bay condo project in the Sunset Harbor area of Miami Beach. Cypress Bay was a planned 20-unit with ground floor retail at 1225...

Regus Hits Rough Seas

The provider of outsourced office space in Europe has seen the recession put pressure on occupancy and pricing, damping earnings.

Simon Readies New Bid for GGP

Simon Property Group is readying a sweetened takeover bid for bankrupt rival General Growth Properties that would top an offer on the table from several General Growth investors.

Bankers Exit CBRE for Jones Lang LaSalle

Jones Lang LaSalle, a global commercial-real-estate services company, hired away a team of bankers from industry leader CB Richard Ellis Group.

Gordon Brown intervenes to delay EU hedge funds rules | WorldBBNews

Gordon Brown delayed EU proposals for tighter rules covering hedge funds and private equity groups after he intervened to block a discussion by finance ministers meeting in Spain. A debate in the EU parliament is scheduled to go ahead ...

Mom & pop druggist takes Rite Aid space (Crain’s New York Business)

Adrianne Pasquarelli - In rare role reversal Elm Health grabs prime space on West 14th Street.

Hedge Funds 2010 Inflows Estimate | Team Hedge Fund

Hedge Funds 2010 Inflows Estimate Hedge Funds Expected to Attract $222 Billion in 2010 A recent survey estimates that hedge funds may attract $222 billion in.

British Block Euro. Hedge Fund Rules

Spain, which holds the rotating presidency of the European Union, postponed a vote of the Union’s finance ministers on the directive, which would impose strict new reporting and custody requirements on hedge funds and private equity firms, and could freeze out foreign hedge funds.  read more