Author Archives: kckaz

Washington Prime Turning Over Pair of Malls to Lenders; Will Buyback One

Washington Prime Group Inc. (NYSE: WPG) continued its portfolio re-construction agreeing to turn two malls over to lenders but with plans to buyback one of them. It also sold an additional mall and repaid the debt on a fourth. “As previously stated, within our Tier 2 portfolio there are certain assets which, save for the

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RioCan to Sell 100 Smaller Retail Properties Across Canada Valued at Over $1.6 Billion

Toronto-based RioCan Real Estate Investment Trust announced today it plans to sell about 100 smaller and non-core properties over the next two to three years and will use the proceeds to ramp up development in the country’s six largest high-growth metros. RioCan, which expects to receive about US $ 1.2 billion in proceeds from the

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