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This article reports on real estate investment trusts that pump up key earnings measures via acquisitions and improvements on their buildings, yet fail to deliver enough additional property value to justify the capital outlays. The author evaluates such real estate investment trusts as Kimco Realty and Mills Corp.

The article discusses the issues related to the completion of the proposed Xanadu entertainment and shopping complex in Meadowlands, New Jersey which was delayed since 2009. It says that when Mills Corp., the project's original developer, lost half of its market value, the project was turned over to a consortium headed by Colony Capital LLC. However, constuction ceased in August 2009 due to financial difficulties. It tackles the state's endorsed plan to finance the completion of Xanadu.

Two highly-publicized retail projects--one historic and one formerly infamous --are nearing completion. In New Jersey, developer Triple Five's megamall American Dream is, on track for a Spring 2019 grand opening [...]

Reports on efforts underway by Mills Corp. and Cambridge Shopping Centres Ltd. to build shopping malls for the Toronto, Montreal and Vancouver markets. What the malls offer customers for entertainment and shopping; Threat that Canada's biggest developers and retailers feel from the Mills Corp. malls; Average amount of time a shopper spends in a Mills Corp. mall. INSET: It's show time.

Chicago -- The Mills Corp. recently bought the Cadillac Fairview portfolio of malls, with plans to spend between $325 million and $350 million redeveloping them. Although redevelopment is a new [...]

Arlington, VA--While most mall REITs have pulled back on development, The Mills Corp. has kept busy. Over the past 12 to 18 months, it has opened Discover Mills near Atlanta, [...]

The article discusses a court case regarding the approval of The Mills Corp. and Mack-Cali Realty Corp. joint application for permits in connection with the Meadowlands Xanadu development project by the New Jersey Department of Environmental Protection. The New Jersey Public Interest Research Group (NJDEP) and Hartz Mountain Industries Inc. have argued that it does not use sufficient facts to approve the permits. The Superior Court, Appellate Division has found factual basis for granting them.

The article reports on the bids to buy Mills Corp. The $1.5 billion mall real estate investment trust received from Simon and Farallon Capital Management a $24 per share unsolicited offer. Mills, however, signed a contract of $21 per share with Brookfield Asset management Inc. Akash Dave of Brookfield said that the deal with Mills will be the Brookfield's first venture into retail trade.

This article discusses a piece of realestate in downtown Chicago, which has exchanged hands repeatedly without successful development. The city took a loss selling the property to Forbes 400 member Neil Bluhm. Bluhm's development plan failed, and in 2001 he sold it back to the city at a loss. In 2004 the land sold again at a loss to Mills Corp., but after two years no significant development has resulted. Under pressure, Mills has turned to Eugene Golub, a Chicago developer.

Recommends various real estate investment trusts (REIT) which may yield preferred dividends. Benefits of investing in REITs; Recommendation of General Growth Properties Inc., Mills Corp., Simon Property Group Inc. and others; Reasons.

Deborah Byrnes President Retail Resources Inc. Retail right hand and trusted outsider, Deborah has consulted for Westfield, Mills Corp., Legal Sea Foods, Yale University and Harvard University. Her reputation for [...]

Byline: Burl Gilyard For years, the stagnant state of the iconic Southdale regional mall in Edina was blamed on its troubled parent company, the Maryland-based Mills Corp. New ownership was [...]

Sunrise Senior Living Inc. has announced the appointment of Mark S. Ordan as Chief Investment and Administrative Officer, effective March 19, 2008. Prior to joining Sunrise, Mr. Ordan was the [...]

The Mills Corp., the troubled Chevy Chase, Md.-based retail REIT that was recently acquired by a joint venture involving a Simon Property Group subsidiary and funds managed by Farallon Capital [...]

Dallas-based tenant-in-common investor Kodiak Capital Partners L.L.C. has announed its purchase of a shopping center in Concord, North Carolina, just outside of Charlotte, on behalf of investors. Developer Centurion Partners [...]

(From Israel Business Arena) Byline: Uri Shuster Gazit-Globe Ltd. (TASE: GLOB) has sold its stake in The Mills Corporation (NYSE:MLS) for $139 million. The company sold its 5.5 million shares [...]

Two large multi-billion dollar hedge funds are set to cash in on their bet on Mills Corp. Two large multi-billion dollar hedge funds are set to cash in on their [...]

Sensational mall deals like the $1.64 billion acquisition of The Mills Corp. by Simon Property Group Inc. and Farallon Capital Management grab headlines, but in the retail sector, grocery and [...]

In case you're keeping score, the retail REIT deal book just popped over $20 billion. Three weeks after Simon Property Group reached a deal to buy Mills Corp. for $7.9 [...]

CHEVY CHASE, MD -- The Mills Corp. has decided to go with an offer from Simon Property Group, an Indianapolis-based retail real estate investment trust, and Farallon Capital Management to [...]

CHEVY CHASE, MD -- In another brewing takeover battle in the real estate investment trust sector, the Mills Corp. has received an offer from Simon Property Group and Farallon Capital [...]

After struggling for a year to find a buyer, Mills Corp. on Tuesday accepted its second buyout offer in less than four weeks. The Chevy Chase, Md.-based company's board determined [...]

All last summer, Mills Corp. languished, unable to attract a buyer to pull the troubled mall developer from the edge of bankruptcy. Finally, in January, by which time the company [...]

(From Israel Business Arena) Byline: Shlomo Greenberg One of the most interesting sagas of recent times surrounds real estate trust fund The Mills Corporation (NYSE:MLS). Like a soap opera, it [...]

(From Israel Business Arena) Byline: Gil Shlomo Gazit-Globe Ltd. (TASE: GLOB) lost a round to Canada's Brookfield Asset Management Inc. (NYSE;TSX:BAM) yesterday in the takeover battle for The Mills Corporation [...]

(From Israel Business Arena) Byline: Adi Ben-Israel and Gil Shlomo Brookfield Asset Management Inc. (NYSE:BAM) has beaten Gazit-Globe (TASE: GLOB) in the race to buy The Mills Corporation (NYSE:MLS). Gazit-Globe [...]

(From Israel Business Arena) Byline: Adi Ben-Israel Gazit-Globe Ltd. (TASE: GLOB) has unveiled its revised takeover offer for the US real estate investment trust (REIT) The Mills Corporation (NYSE:MLS). Gazit-Globe [...]

(From Israel Business Arena) Byline: Amir Keidan Gazit-Globe Ltd. (TASE: GLOB) US subsidiary Equity One Inc. (NYSE: EQY) has bought the 28,000-sq.m. Concord Shopping Plaza in Miami for $484 million. [...]

After a bit of arm-twisting from Gazit-Globe Ltd., the Mills Corp. announced new nominations to its board of directors on Tuesday, to be approved at the company's annual shareholder meeting [...]

(From Israel Business Arena) Byline: Gil Shlomo The Mills Corporation (NYSE: MLS) announced last night that it planned to holds its 2006 annual shareholders meeting on December 21. On the [...]

CHEVY CHASE, MD -- The Mills Corp. has named Laurence C. Siegel to the position of non-executive chairman of the company's board, and named Mark S. Ordan its chief executive [...]

(From Israel Business Arena) Byline: Amir Keidan Gazit-Globe Ltd. (TASE: GLOB) today announced that it increased its stake in Mills Corporation (NYSE:MLS) from 5% to 9% on October 9. The [...]

The struggling Mills Corp. has found an unlikely champion in Chaim Katzman, the outgoing CEO of shopping center REIT Equity One Inc. This morning, Gazit-Globe Ltd., an Israeli real estate [...]

Other News in Brief: The Mills Corp. Closes $988M Sale of its International Operating Properties; Kunzweiler to Head IXIS Real Estate Chicago Office; Equity Residential Completes $1B Sale of Lexford [...]

After Mills Corp. announced that it was getting rid of its ill-fated Xanadu Meadowlands project in late August, in a $2 billion financing deal with Colony Capital Acquisitions, REIT analysts [...]

CHEVY CHASE, MD -- The Mills Corp. is selling its interests in some overseas properties to Ivanhoe Cambridge, a Canadian property investor, and expects to net about $500 million from [...]

US mall developer The Mills Corporation has sold three shopping centres, including two in Europe, to Canadian investor and joint-venture partner Ivanhoe Cambridge for $981m (€762m). The deal values the [...]

Just when things seemed darkest for Mills Corp., the company made a stunning announcement that it had reached an agreement with Colony Capital Acquisitions and Kan Am USA Management to [...]

(From Israel Business Arena) Byline: Shlomo Greenberg For the sake of full disclosure, I've owned shares in Equity One Inc. (NYSE: EQY) since it went public. I recently sold some [...]

(From Israel Business Arena) Byline: Uri Shuster Life is not going smoothly for Gazit-Globe (TASE: GLOB). Yesterday, in its second quarter financials, the company reported a failed investment in a [...]

It's another wacky week on the Mills Corp. roller coaster. First, another vertiginous dip as the company disclosed more problems with its massive Xanadu project in New Jersey's Meadowlands. Then [...]