Shares of shopping mall owner Macerich Co. surged Tuesday as the company boosted its outlook for the rest of the year, despite lower-than-expected third-quarter results.
The short Thanksgiving week brought investors an additional item to be thankful for when stock markets closed higher for 5 consecutive trading days ? a rare winning streak last accomplished in July 2007. The S&P 500 Index has gained 19.1% since the start of the rally on November 21 and 12.0% on the week registering the largest weekly gain since 1974. Worrisome economic reports were cast aside by equity bulls who argued that the bad news had already been priced in. However US Treasury Note yields were less sanguine and fell to its lowest level on record pointing to ...
SANTA MONICA, Calif. (AP) - Shares of shopping mall owner Macerich Co. surged Tuesday as the company boosted its outlook for the rest of the year, despite lower-than-expected third-quarter results.
In talking to our retail partners, we find their focus is on their existing stores… Based upon our internal forecasts, we have completed almost all of our 2009 renewals and approximately 75% of our overall 2009 leasing.
If there is a good news [it’s that] the well-anchored regional mall will continue to be the venue of choice for...
Retailers are suffering, and mall REITs are feeling their pain all too well. General Growth Properties (GGP) announced Friday it may seek bankruptcy protection. Other mall REITs have seen declining share prices for some time now. Executive comments on JCPenney's Q308 conference call (JCP) indicate people may avoid malls for some time to come now.
For all the analysts and pundits in the financial media, there is still no better judge of a company's health and future prospects than the owners and executives of those companies themselves, along with major institutional shareholders.
That's why insider buying and selling is a critical piece of data that is monitored by people who invest for a living.
Want some income? Below is a list of S&P 1,500 stocks that yield more than 3% and go ex-dividend in the next month. The list is sorted by ex-date, with the closest ones on top. REG's ex-date is tomorrow and pays $0.73 per share.
Remember to check whether or not these are taxed at REIT status and also remember that to receive the dividend, you must own the stock at the close prior to the ex-date.
The Macerich Co. reached agreements on a $130 million refinancing for a portion of Queens Center, a 963,041-square-foot property in Queens, NY and a $250 million refinancing for Washington Square ...
by Elisabeth Nardi WALNUT CREEK ? With a special referendum election on the horizon and a looming lawsuit that could serve to block Neiman Marcus from coming to downtown Walnut Creek, the owners ...
LAWRENCE, Nov 29, 2008 (The Kansas City Star - McClatchy-Tribune Information Services via COMTEX) -- MAC | Quote | Chart | News | PowerRating -- Kansas booster Dana Anderson can't seem to win at ...
This week in the Retail Roundup, CoStar reports on expansions or new concepts at Al Copeland Investments and RedBrick Pizza; new retail developments in TX, PA, MO, OH, IL and NJ; acquisition ...
We have done a sensitivity analysis of Macerich's (MAC) valuation based on different scenarios representing re-financing conditions and sale assumptions. We have broadly assumed four scenarios ...
Southridge Mall, 1111 E. Army Post Road, is offering a new Give Green gift card. The program is a partnership between the mall's parent company, Macerich, and American Express to benefit American ...
Plus we give you new property finance deals and a valuable leads list of retail lenders on recent acquisitions and loans maturing in the next 12 months in: Delray Beach, Fort Lauderdale, Naples ...
SANTA MONICA, Calif., Nov. 18 /PRNewswire-FirstCall/ -- The Macerich Company (NYSE: MAC) today reached agreement on a $130 million refinancing of a portion of Queens Center in New York. The loan ...
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Macerich has unveiled its 60,000-square-foot expansion and redevelopment of The Village at Vintage Faire in Modesto, Calif. The expansion adds 12 retailers to the tenant mix. Modesto Bee (Calif ...
Federal Deposit Insurance Corp. chairwoman Sheila Bair say a proposal the Treasury Department is reportedly contemplating that would cut mortgage rates for new loans for homes is constructive, but argued that it wouldn’t help current homeowners in need.
Federal Reserve Board Chairman Ben Bernanke throws his support behind expanding government programs and using additional government money to limit the number of homeowners who lose their residences through foreclosures.
SAN FRANCISCO (MarketWatch) -- Freddie Mac said Thursday the 30-year fixed-rate mortgage average fell to 5.53% -- its lowest since January -- with an average 0.7 point for the week ending Dec. 3. In the previous period, the average was 5.97%, and the year-ago average was 5.96%. The 30-year fixed-rate mortgage has not been this low since Jan. 24 when it was 5.48%. "After Federal Reserve actions to increase liquidity in the mortgage market, interest rates for fixed-rate mortgages took a dive," Frank Nothaft, Freddie Mac chief economist, said in a statement. "The recent plunge in rates contributed to...
WASHINGTON(MarketWatch) -- Federal Deposit Insurance Corp. chairwoman Sheila Bair said Thursday that a proposal the Treasury Department is reportedly contemplating that would cut mortgage rates for new loans for homes, is constructive but it wouldn't help homeowners in need. "Getting mortgage rates down definitely is positive but it doesn't help people that currently have unaffordable mortgages because it doesn't help them refinance," Bair told reporters after speaking at a Consumer Federation of America conference in Washington. "Low interest rates help some consumers but the ones that really need help and can't refinance are not helped." Under the proposed measure, Treasury...
(This article was originally published Wednesday.) NEW YORK (MarketWatch) -- Asked to describe his performance this year, value manager Bill Miller said that "terrible," "disastrous" and "awful" are words that come to mind. But Miller is expecting better for himself and other value managers in the coming year. It looks as if the "bottom was made" in the stock market earlier this year, both from a psychology standpoint and "from what we've seen in the credit markets," said Miller, chairman and chief investment officer of Baltimore-based Legg Mason Inc.'s Legg Mason Capital Management Inc.
U.S. stocks close sharply lower as auto executives plead for federal aid and in the aftermath of mostly dismal retail-sales results and layoffs from corporate giants including AT&T Inc. and DuPont Co.
Mortgage rates for fixed-rate loans plummeted this week, after the Federal Reserve's actions to increase liquidity in the mortgage market, Freddie Mac's chief economist says.
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