Santa stands tall again (979) Nov 19, 2009
Scheffler said Ibid used to assemble Santa for Fairplain Plaza until Developers Diversified Realty of Cleveland and Coventry Real Estate Advisors of New York City bought the development in 2006. He said DDR had no interest in displaying the Santa and gave it to him. (The Herald-Palladium)
Commercial REITs: Investing in a Shaky Market Nov 18, 2009
On Nov. 16, Developers Diversified Realty () successfully sold $400 million in bonds guaranteed by 28 shopping malls in 19 states. Aided by the federal government's asset-backed securities loan facility (TALF), which lets investors borrow from the Federal Reserve to buy new CMBS, the offering was oversubscribed and priced at a lower premium than expected over comparable Treasury bonds. (BusinessWeek)
Cavalcade 10/16 (7) Oct 17, 2009
The event was sponsored by Developers Diversified Realty in partnership with the Beachwood Arts Council (See p. 43). Snazzy in a chartreuse-colored jacket, blending in with the vivid ambience including gorgeous paper flowers floating from the ceiling created by students of Beachwood s Hilltop School, Britto was on a high. (Cleveland Jewish News, OH)
The 'Vacancy' Blight: Finding New Uses for Empty Stores Oct 4, 2009
Consider the work of Marc Feldman at Developers Diversified Realty, an Ohio-based company that owns nearly 700 retail properties across the country. He and his 15-person team are charged with finding non-traditional uses for available spaces at a time when some 9% of the firm's units sit idle. (Time.com)
Rally is for suckers Sep 20, 2009
Developers Diversified Realty, a REIT that manages shopping and business centers, has seen its stock rise 546 percent -- but occupancy has dropped 4 ... Developers Diversified Realty, a REIT that manages shopping and business centers, has seen its stock rise 546 percent -- but occupancy has dropped 4. (New York Post -- News)
BIZ BUZZ: Business incorporates art, education for shoppers Sep 13, 2009
It's part of Developers Diversified Realty's launch of an arts and education effort focused on the international year of astronomy, the mall reported ... The Westgate Mall in Brainerd/Baxter & Paul Bunyan Mall in Bemidji are the only Developers Diversified Realty properties where this exhibit will be displayed in the state, the mall reported ... Developers Diversified Realty created Stars Over Developers Diversified Realty. (Brainerd Daily Dispatch)
LOCAL BRIEFS: 'Mad' magazine cartoonist to give presentation in Aitkin Sep 11, 2009
(Registration is required to view news articles)brainerddispatch. Web Search powered by yahoo. (Brainerd Daily Dispatch)
Equinox Partners Expands its C-Suite and Board Practice as Clients Restructure Sep 10, 2009
Prior to Deloitte, Mr. Jacobstein served as President & Chief Operating Officer of Developers Diversified Realty Corp., one of the leading owners, managers and developers of market dominant shopping centers in the United States. Jacobstein has served on numerous Boards of Directors, including DDR, and, currently, Corporate Office Properties Trust, and the external Advisory Board of The Marcus & Millichap Company. (PR Newswire)
Hobby Lobby to open in Ahwatukee Aug 19, 2009
Betsy Keck, director of corporate communications for leasing agent Developers Diversified Realty in Ohio confirmed that the lease has been signed and the building is expected to be occupied by the end of 2009. "I'm excited about it," said Theresa Robert, managing partner of Nothing Bundt Cakes, several stores away in the Ahwatukee Towne Center, where Hobby Lobby is setting up shop. (AZCentral -- Business)
Vornado Mulling Over Bond Sale for TALF Deal: Report Jul 29, 2009
If the deal went ahead, Vornado would join Developers Diversified Realty Corp to be among the first to take advantage of the Term Asset-Backed Securities Loan Facility (TALF) program. The Fed is offering loans to investors for commercial mortgage-backed securities under its Term Asset-Backed Securities Loan Facility, or TALF, in an attempt to revive markets both for new and existing commercial bonds. (ABC News -- Wire)
Developers Diversified reports 2Q loss Jul 25, 2009
Developers Diversified Realty and a joint venture partner have placed three suburban Milwaukee shopping centers on the market as the Ohio company looks to unload 52 centers valued at $1. 9 billion. (Milwaukee Business Journal, WI)
CIT Courts Creditors, Plans Large Debt Exchange Jul 25, 2009
"They are a huge supplier of capital for not just retailers, but also for vendors and, if the supply chain of inventory gets interrupted at holiday season, that could have a negative impact on the sector," said Daniel Hurwitz, chief operating officer of shopping center owner Developers Diversified Realty Corp , told analysts. CIT has estimated that its funding needs for the year ending June 30 include $7 billion of unsecured debt. (ABC News -- Wire)
Every Shareholder Should Read This Now May 15, 2009
See, if I'd been reading everything I could get my hands on last year -- including the dire predictions of Nouriel "Dr. Doom" Roubini maybe I would have been shorting the likes of AIG (NYSE: AIG), Citigroup (NYSE: C), and Developers Diversified Realty (NYSE: DDR) instead of gloating about near-triple-digit gains in Freeport-McMoRan and Transocean (which are now both down double digits). advertisement. (MSNBC -- Business)
Bankruptcy experts: legal changes add to pain Mar 12, 2009
At the end of the day, this is a retail business, and the consumer votes every day with its dollar, said Daniel B. Hurwitz, president and chief operating officer of Developers Diversified Realty Corp., which holds about 50 leases from Circuit City. The American people are smart and they voted this company out of business a long, long time ago. (Orangeburg Times and Democrat, SC)
Commercial real estate may shape up as the next big crisis Mar 8, 2009
Shopping center owner Developers Diversified Realty of Cleveland has agreed to sell 30 million of its shares to owners of German-based developer ECE Projektmanagement for about $112. 5 million. (Fresno Bee -- Business)
Developers Diversified to Sell 30M Shares Feb 24, 2009
Shopping mall owner Developers Diversified Realty said Monday it agreed to sell 30 million of its shares to owners of German-based shopping center developer ECE Projektmanagement for about $112. 5 million. (ABC News -- Wire)
Cohen & Steers Announces Change in Realty Majors Portfolio Index Feb 14, 2009
Component change: Deletion and Replacement Index Name: Cohen & Steers Realty Majors Portfolio Index Index Symbol: RMP Calculation method: Modified Capitalization Weighted Index Deleted component symbol: DDR Deleted component name: Developers Diversified Realty Replacement component symbol: DLR Replacement component name: Digital Realty Trust. The Realty Majors Portfolio Index is a modified capitalization-weighted total return index of selected real estate equity securities. (PR Newswire)
